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Similarly, Section 74 (1) of the Minerals and Mining Act, 2006 (Act 703) states that the compensation to which an owner or lawful occupier may be entitled among other things include; (a) Deprivation of the use or a particular use of the natural surface of the land or part of the land. (b)
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"Kindly be informed that in accordance with section 75 of Act 989, Section 103 of the Minerals and Mining Act, 2006 (Act 703), as well as Regulation 4 of the Minerals and Mining (Licensing) Regulations,2012 (LI 2176), the application fee payable is the Ghana Cedi equivalent of five hundred US Dollars (US $500) per request.
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In 2006, all previous laws on Minerals and Mining were amalgamated into Minerals and Mining Laws 2016 (Act 703), with later amendments, notably Amendment Minerals and Mining Act 2015 (Act 900), this amended mainly section 25 of Act 703 to rectify matters on Royalties and also it amended section 99 of Act 703 on offences and penalties ...
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The Act has amended the Minerals and Mining Act, 2006 (Act 703), and has increased the penalties for a person who buys or sells minerals without a licence or without a valid authority. The Act has also increased the penalties for a person who engages in mining contrary to a provision of the Act.
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(1) The holder of a mineral right and the operator of a mine or a mining related facility, shall: (a) conduct mineral operations (i) with due diligence, efficiency, safety and economy, (ii) in accordance with good mining industry practice, and (iii) in a proper and workmanlike manner, and
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Parliament has amended Minerals and Mining Act, 2006 (Act 703) to increase the penalties for a person who engaged in illigal mining. The Committee observed that the penalty regime for offences for persons who engage in illegal mining operations is being proposed to increase from the existing three thousand penalty units to ten thousand penalty units, while the corresponding minimum term of ...
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Ghana's Minerals and Mining Act (Act 703,2006) partially recognizes what Development Minerals are. The Act uses the term "Industrial Minerals" and interprets it as basalt, clay, granite, gravel, gypsum, laterite, limestone, marble, rock, sand, sandstone, slate, talc, salt. The Act gives room for the Minister of Lands and Natural Resource ...
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The Minerals and Mining (Amendment) Act, 2015 (Act 900) and the Minerals Commission Act, 1993 (Act 450) are the main enactments setting out the guidelines for mining in Ghana. The chairman of the Council of State, Nana Otuo Siriboe on his part, commended the President for the hard work done to host the AfCFTA Secretariat in Ghana.
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The Act has amended the Minerals and Mining Act, 2006 (Act 703), and has increased the penalties for a person who buys or sells minerals without a licence or without a valid authority. The Act has...
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Water Resources Commission Act, 1996 (Act 522) Ghana Geological Survey Authority Act, 2016 (Act 928) These laws listed constitute the principal and subordinate legislation regulating the mining of industrial minerals, including gold in Ghana. It sets out the licensing regime for gold mining in Ghana, the rights of a mining leaseholder, as well ...
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Mineral Development Fund Act 912 This document is part of the source library for NRGI's 2017 Resource Governance Index, a comprehensive measure of the quality of natural resource governance in oil, gas and mineral-rich countries. To access the full dataset and all other index resources, visit https://resourcegovernanceindex .
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Mineral rights Section 9—Mining activities require mineral right (1) Despite a right or title which a person may have to land in, upon or under which minerals are situated, a person shall not conduct a activities on or over land in Ghana for the search, reconnaissance, prospecting, exploration or mining for a mineral unless the person has been
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The Minerals and Mining (Amendment) Act, 2015 (Act 900) and the Minerals Commission Act, 1993 (Act 450) are the main enactments setting out the guidelines for mining in Ghana. The chairman of the...
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Sep 13, 2021The key legislation regulating mining in Ghana is the 1992 Constitution of Ghana, the Minerals and Mining Act, 2006 (Act 703), as amended by the Minerals and Mining (Amendment) Act, 2015 (Act 900), the Minerals and Mining (Amendment) Act, 2019 (Act 995), and the Minerals Commission Act, 1993 (Act 450).
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Mining. The Minerals Commission Act, 1993 (Act 450) Minerals And Mining Act 2006 (Act 703) Minerals and Mining (Licensing) Regulations 2012 (LI 2176) ... Income Tax Act, 2015 (Act 896) Ghana Revenue Authority Act 2009, (Act 791) Tax Authority: Ghana Revenue Authority. Protection of Intellectual Property (IP) Rights.
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the minerals and mining (local content and local participation) regulations, 2020 (l.i. 2431) (the "regulations"), which came into force on 16th october 2020, consolidates important mining laws and regulations relating to local content including the minerals and mining act, 2006, act 703, minerals and mining (general) regulations, 2012 (l.i. .
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Minerals & Mining (Amendment) Act, 2015 (ACT 900) Page 1 / 4. Zoom 100%
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MINERALS AND MINING (COMPENSATION AND RESETTLEMENT) REGULATIONS, 2012 IN exercise of the powers conferred on the Minister responsible for Mines under section 110(1) of the Minerals and Mining Act 2006 (Act 703), these Regulations are made this 20th day of March 2012.
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81. Rights and duties of small scale mining lease holder. 82. Operations of small scale miners. 83. Sale of minerals. Artisanal Mining Permit. 84. Purpose of Subpart. 85. Artisanal mining. 86. Establishment of areas for artisanal mining. 87. Application of Act to artisanal mining permit. 88. Eligibility for artisanal mining permits. 89.
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Eventually, the Minerals and Mining (Amendment) Act, 2010 was passed and gazetted on 19 March 2010 to amend a section of Act 703 which introduced a flat rate of 5% of the total revenue earned from minerals obtained. This clearly is a departure from the L.I 1349 approach which was based on the "profitability" of mining operations.
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the nine hundredth act of the parliament of the republic of ghana entitled minerals and mining (amendment) act, 2015 an act to amend the minerals and mining act, 2006 (act 703) to provide for regulations to be made to prescribe the manner for the payment of royalties; the confiscation of equipment used in illegal small scale mining and for .
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Subject to Paragraph (e) of section 7, the moneys received by the Fund from mineral royalty payments made to the Ghana Revenue Authority/ Minerals Income Investment Fund shall be Disbursed as follows: a. Fifty percent (50%) of the moneys shall be allocated to the office of the Administrator of Stool Lands and disbursed as prescribed by law; b.
Get pricePer section 43 of the Act 703, where a mineral right is for mining or exploration, the Government of Ghana shall be entitled to 10% free carried interest in the rights and obligations of the mineral operations in respect of which the government shall not make a financial contribution.
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The Minerals and Mining (Amendment) Act, 2015 (Act 900) and the Minerals Commission Act, 1993 (Act 450) are the main enactments setting out the guidelines for mining in Ghana. The war against illegal mining has seen hundreds of arrests amid calls to make punishment of the crime more stringent. The government has also placed a ban on the ...
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Minerals and Mining Act, 2006 Act 703 Ownership of minerals and cadastral system Minerals property of Republic Compulsory acquisition of land Land available for application for mineral right Minister may reserve land from mining Power of Minister to grant mineral rights Exportation and disposal of minerals commission
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Minerals and Mining Act 2006 (Act No. 703 of 2006). Legislation on-line FAOLEX (Food and Agricultural Organization of the United Nations) PDF of Law in English (consulted on 2011-11-18) Revises and consolidates the law on mines and minerals. Provides that all mineral resources are the property of the nation of Ghana.
Get priceThe Minerals and Mining (Amendment) Act, 2015 (Act 900) and the Minerals Commission Act, 1993 (Act 450) are the main enactments setting out the guidelines for mining in Ghana. The chairman of the Council of State, Nana Otuo Siriboe on his part, commended the President for the hard work done to host the AfCFTA Secretariat in Ghana.
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Minerals and Mining Act, 2006 (Act 703). Country/Territory Ghana Document type Legislation Date 2006 Source FAO, FAOLEX Long title An Act to revise and consolidate the law relating to minerals and mining and to provide for connected purposes. Subject Land & soil, Mineral resources Keyword
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The Minerals and Mining Lawof 1986 (PNDCL 153), as amended by the Minerals and Mining (Amendment) Act of 1994 (Act 475) and the minerals and mining bill of 2005 (law No. 703), regulates miningin Ghana. Under the Minerals and Mining Law, mining companiesmust pay royalties; companies may also pay corporate taxesat standard rates.
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Promulgated in 2006, Ghana's Minerals and Mining Act is aimed at highlighting the country's mining sector as attractive to investors, while at the same time ensuring that government takes a ...
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The mining sector remains a major backbone of Ghana's economy as the leading foreign exchange earner for the country. ... It is in this regard that the Minerals Development Fund Act, 2016, (ACT 912) was passed on the 29th of March, 2016, specifically to ensure true improvement in the standard of living within Mining Communities across the ...
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Minerals and Mining Act, 2006 Act 703 Government's right of pre-emption 7. (1) The Minister has the right of pre-emption of all minerals raised, won or obtained in Ghana and from any area covered by territorial waters, the exclusive economic zone or the continental shelf and products derived from the refining or treatment of these minerals.
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The Minerals and Mining Act, 2006 (Act 703), referred to in this Act as the principal enactment, is amended by the substitution for section 81 of 81. Application (1) Sections 82 to 98 apply to small scale mining only. (2) Section 99 applies to illegal small scale mining and other forms of illegal mining.". 2. Section 96A inserted
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Under the principal Act, the Minerals and Mining Act, 2006 (Act 703), every mineral in its natural state in, under or upon any land in Ghana, rivers, streams, water-courses throughout the country, the exclusive economic zone or any area covered by the territorial sea or continental shelf is the property of the Republic of Ghana.
Get priceThe Minerals Commission is empowered by section 100 of the Minerals and Mining Act to, under the direction of the Minister of Lands and Natural Resources, supervise the proper and effective...
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Published April 11, 20219:49 pm Introduction The Minerals and Mining (Local Content and Local Participation) Regulations, 2020 (LI 2431) aims to ensure greater citizen participation in Ghana's mining value chain. The justification for the employment of expatriates is the unavailability of the skills they bring on board.
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History. The fund was established by an ACT of Parliament of the Republic of Ghana, ACT 218, (Act 978), to manage and invest the mining royalties of the Republic.The Act was passed by Parliament of Ghana and President of the Republic of Ghana, Nana Akuffo Addo, assented the ACT on December, 3rd 2018, after Parliament passed it into law which according to him, there are no local companies ...
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L.I. 2431 MINERALS AND MINING (LOCAL CONTENT AND LOCAL PARTICIPATION) REGULATIONS, 2020 IN exercise of the power conferred on the Minister responsible for Mines under section 110 of the Minerals and Mining Act, 2006 (Act 703), these Regulations are made this 15th day of October, 2020. Preliminary Provisions Purpose of Regulations I.
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Mining compensation in Ghana is still evolving towards a legislative and policy certainty. The Minerals and Mining Act, 2006 (Act 703) alone cannot resolve persisting compensation challenges. Customary land tenure systems further complicate claims, claimants and proportions to compensation.
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REPUBLIC OF GHANA ENTITLED MINERALS DEVELOPMENT FUND ACT, 2016 AN ACT to establish the Minerals Development Fund, to provide financial resources for the benefit of mining communities and for related matters. DATE OF ASSENT: PASSED by Parliament and
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