Mine Development And Production Agreement Format In King
Description
Form popularity
FAQ
Mining operations means mine development, drilling, blasting, extraction, milling, crushing, screening, or sizing of minerals at a mine; maintenance and repair of mining equipment; and associated haulage of materials within the mine from these activities. 46.2(k) "Normal Work Hours"
The Department of Environment and Natural Resources (DENR) has unearthed a veritable “mother lode” of revenue in the form of Financial and Technical Assistance Agreement (FTAA) which is essentially a production-sharing agreement between the Philippine government and a large-scale mining company.
Application for Mineral Production Sharing Agreement (APSA)
Under Republic Act No. 7942 or the Philippine Mining Act (“Mining Act”), there are three types of mineral agreements, i.e., the Mineral Production Sharing Agreement (“MPSA”), the Co-Production Agreement, and the Joint Venture Agreement.
Contract mining is when the owners of a mine employ the services of specialist contractors to conduct the various mining operations such as drilling, blast- ing, equipment maintenance, processing opera- tions, scheduling and budgeting where there is a legal agreement between the two parties that is enforceable by law.
“MDPA” means the Mine Development and Production Agreement in the format as specified in Schedule IV (Format of MDPA).
Mining Lease: A mining lease is a form of mineral title that entitles the lease holder to minerals within and under a defined leasehold area.
Who has the authority to grant mining license? Mineral Resources Department & respective State Government is empowered to sanction Prospecting License/Mining Lease.
Is private mining allowed in India? Private mining is allowed in India, but it is subject to compliance with local regulations and obtaining necessary licenses, permits, or clearances as per government guidelines. It's essential to adhere to legal requirements and stay updated on any regulatory changes.
