effects of local content regulation on mning companies

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Local content in the oil, gas and mining sectors ...

Local content in the oil, gas and mining sectors: ... content legislation and regulations outlining local content requirements. OGM companies can also commit to certain ... 2011). The impact on the local economy is also restricted when goods supplied to resources companies are merely imported, repackaged and resold by local firms (WBCSD, 2012). ...

GCoM LOCAL CONTENT IN THE MINING INDUSTRY

Furthermore, whilst Local Content seems to be a recent fad, the policy has reflected in Ghana's mining legislation, since the Minerals and Mining Law PNDC Law 153 of 1986. The Law required that mining companies procured inputs from Ghana to the maximum extent possible consistent with the economy, efficiently and safely.

Local Content Policies in the Mining Sector: Scaling up ...

Local Content Policies in the Mining Sector: Scaling up local procurement 1.0 INTRODUCTION In a large number of resource-rich countries, the mining sector is an important driver of growth, in particular during commodity boom periods. This is a result of large investment inflows and revenue generation essentially driven by exports.

Mining companies turn to local content - Ghana Chamber of ...

Local mining products. The eight products identified are" lime, grinding media, HDPE and PVC pipes, cement and cement products, tyres and retreading, general and specific lubricants, explosives and caustic soda. Regulations have been introduced to promote local content. The key one is that local suppliers of goods and services with the ...

Impact Of The Amendments To The Mining Local Content ...

On 8 February 2019, the Mining (Local Content) (Amendment) Regulations, 2019 (the Amendment Regulations) were passed, which amend the Mining (Local Content) Regulations, 2018 (the Regulations). The Amendment Regulations amend the Regulations in a number of ways, but in particular there is one significant change that affects the banking sector.

Local Content Policies in the Mining Sector: Scaling …

Local Content Policies in the Mining Sector: Scaling up local procurement (iii) Responding to public unrest and social licence to operate At the local level, host communities are increasingly resisting project development because they feel the costs of mining activities on their livelihoods and environment are higher than the benefits

Mining in Tanzania: Effects of the mining legal framework ...

Local content is one of the basic ways in which an economy, especially an emerging one, ensures that its people directly benefit from incoming investments. The requirement for mining companies to have a local content plan and to give preference to nationals exists throughout sub-Saharan Africa, including Angola, Gabon, Chad and Equatorial Guinea.

Mining (Local Content) - TUMEMADINI

THE MINING (LOCAL CONTENT) REGULATIONS, 2018 PART I PRELIMINARY PROVISIONS Citation 1. These Regulations may be cited as the Mining Local Content Regulations, 2018. Application 2.These Regulations apply to local content with respect to mining activities. Interpretation 3.In these Regulations, unless the context otherwise requires-

Local Content in Oil, Gas, and Mining - World Bank

" Local content in the extractive industries is being given ever higher priority by host governments through a wide array of policy instruments. And oil, gas and mining companies now rate local content among the most significant …

Local content, trade and investment: Is there policy space ...

Local content policies are critical to ensure that the maximum of benefits from production activities accrue to local economic actors. Yet, local content polices entail some distortionary effects in favour of local actors, which may be considered as too discriminatory if done in an unbridled manner. International trade and investment rules have,

Impact of the amendments to the Mining Local Content ...

In this month's Finance Briefing we review the effects of the amendments to the Mining (Local Content) Regulations, 2018 on the operations of…

The emerging wave of local content regulations in the ...

Local content has, to date, focused on the oil and gas sector where regulations and institutional controls, at least in West Africa, are now entrenched. This is changing, and there are early signs of a wave of local content regulation in the mining sector, which is likely to coincide with an upturn in the fortunes of both precious and base ...

Local Content Policies: What is the Impact on Construction ...

Fluor is exposed to a number of industries which have local content restrictions, including mining, energy, chemicals, and large infrastructure projects. Local content restrictions greatly affects Fluor's ability to do business. First off, it restricts the countries in which they can work, depending on their local presence.

Overview of Local Content Regulatory Frameworks in ...

the effectiveness of regulations, policies, and schemes for monitoring and measuring local content ... The only missing link that hindered the expected impact of past measures taken to boost local production sectors has been the glaring absence of a well- ... framework for the development of local content in the oil, gas and mining sector. To ...

Local Content Policies in the Mining Sector: Stimulating ...

Local Content Policies: Stimulating direct local employment EXECUTIVE SUMMARY When a mining company arrives in an area, the promise of local employment is central to public debate in least-developed, developing and developed countries alike. For local communities, decent mining company jobs that are safe, stable and fairly compensated,

The emerging wave of local content regulations in the ...

18 The emerging wave of local content regulations in the African mining …