
Mining rights debt offset contract

Mine offtake contracting, strategic alliances and the equity market
2022年9月1日 Offtakes are a common means to mitigate demand risk for an MEE (project sponsor), where a counterparty (offtaker) commits to partially or wholly purchase the output from a mining project's future production 1 According to Gatti (2013), offtake agreements are a long issues faced by mining companies with the heavy demand for capital and risks faced by the industry driving more cooperative working relationships We look at some of main Financial reporting in the mining industry International Financial 2019年4月4日 There are a number of reasons why mining companies may enter into joint venture agreements, which may go from a circumstance where the original property owner Selected Commercial Mining Agreements Lexology2024年8月21日 When evaluating funding options, mining companies need to consider a variety of details: How much debt has the venture already accumulated? Will adding more debt pose Funding Methods Part 2: Debt Convergent Mining

Offtake agreements and financing mine projects
2014年6月1日 Offtake financing deals are providing an alternative to the traditional sources of capital available to junior mining companies looking to fund development A successful and 2023年4月12日 Key legal considerations for mining offtake agreements in South Africa may include the ownership and transfer of mining rights, royalties and taxes, environmental and Mining OffTake Agreements in South Africa: A Comprehensive 2023年3月14日 Under an offtake mining agreement, a buyer or offtaker commits to purchase a specified quantity or portion of a seller’s future mining output Offtake mining agreements run Mining arbitrations involving offtake agreements Articles2021年3月18日 Productionbased financing, where companies secure funding by selling a right to future production at a mine, has become an increasingly common feature in the market, South Africa: Alternative financing arrangements in the mining

IISD Handbook on Mining Contract Negotiations for Developing
This IISD Handbook on Mining Contract Negotiations for Developing Countries fills a need for a selfcontained tool to help guide developing countries through the process of negotiating With increasing calls for contract transparency – and the growing recognition of the importance of the terms of contracts for resourcerich countries – this guide explains in layman’s terms the Mining Contracts: How to Read and Understand Themsame forum, both parties are entitled to “offset” against amounts owed in a court proceeding They cannot offset as a means of “contract accounting” during the project 2 €The surety’s status as a performing surety subrogated the obligee’s rights to the remaining subcontract balance and the general contractor’s right to setoff Limiting the Right of Offset: Is it the Start of a New Trend?Offset Agreement sample contracts and agreements (1)the term “offset agreement” means an agreement, arrangement, or understanding between a United States supplier of defense articles or defense services and a foreign country under which the supplier agrees to purchase or acquire, or to promote the purchase or acquisition by other United States persons of, goods or services Offset Agreement Sample Contracts Law Insider

Debt Offset Agreement Sample Contracts Law Insider
Debt Offset Agreement by and between United Time Technology Co, Ltd and Its Shareholder [Unofficial English Translation] Debt Offset Agreement • June 25th, 2020 • UTime LTD • Electronic other electrical equipment (no computer equip)ects, and if payment of an outstanding contractual debt is not made to the government within thirty days, the federal government will begin withholding payments on other con tracts to offset the debt 10 The federal government’s power to offset debts owed includes the What if We Just Call It Even?: The Right to Offset Debts from One Perenti is an ASX listed, diversified mining services group with interests in contract mining, drilling services, mining services and technology solutions Headquartered in Perth and with offices and operations across four continents, we employ more than 11,000 fantastic people focused on creating enduring value and certainty for our investors, clients, people and the communities in Contract Mining Perenti2024年11月12日 Unless specified otherwise in the clause at 5223217, Interest, interest charges shall apply to any contract debt unpaid after 30 days from the issuance of a demand unless(a) The contract is a kind excluded under 32611; or (b) The contract or debt has been exempted from interest charges under agency proceduresSubpart 326 Contract Debts AcquisitionGOV

In brief: mining rights and title in USA Lexology
2022年5月20日 A look at some of the key legal and practical considerations surrounding mining rights and title in USA, including the extent of state control, renewal and transfer of licences, and protection of When a direct offset opportunity is not available, the government must manage the offset credit while the contractor bears the debt until the obligation is fulfilled The government, naturally, is eager to have the offset obligation resolved as quickly as possible to avoid any disruption in its procurement plans and to ensure compliance with contractual termsInternational Offset Corporation OFFSETS2015年3月13日 Second, in terms of mining rights, an equity transfer or a change of shareholder may not necessarily disrupt administrative management of the mining rights In principle, the change of the shareholder of a mining rights holder does not cause the change of management and technical personnel (eg mine director)Contract Validity in the “Transfer of Mining Rights through Equity Because the contract did not expressly disallow this, the government was able to offset the repair costs Any right to setoff is limited to the actual costs incurred; no future costs will be considered in determining the offset amount When costs have been deferred, not avoided, the right of offset is not available for the deferred costsGovernment Right of Set off to Contractors May be Adjusted

Financial reporting in the mining industry International Financial
732 Rights to assets and obligations for liabilities given by legal form 77 733 Rights to assets and obligations for liabilities given by contractual terms 78 734 ‘Other facts and circumstances 101 Mining taxes—royalty and excise 2014年2月9日 Updated 5 July 2022: By all that is holy, ignore this post and instead consult this 2022 post! Today I encountered in a contract the following use of offset: Unless it has notified Company otherwise, the Vendor shall offset the Fees payable by the Company under this Agreement against the Vendor’s payment obligations to Company under this agreement“Setoff” and “Offset” Adams on Contract Drafting2023年1月26日 If you’re particularly worried about a lender applying the right of offset without warning, then you may not want to sign for a loan, credit card, or line of credit with them if their contract has such clauses Pay Down Your Debt When You Can Making consistent payments on your debts with your lender is a good way to avoid them invoking their What Is the “Right of Offset” How It Relates to Debt Credit The Impact of Coal Contract of Work (CCoW) Amendment on Mining Companies’ Financial Performance: A Case Study of Indonesian Mining Companies January 2020 DOI: 102991/aebmrk020The Impact of Coal Contract of Work (CCoW) Amendment on Mining

Limiting the Right of Offset: Is it the Start of a New Trend?
2020年6月24日 That right of offset will now change for private contracts, because effective July 1, 2020, any contract provision allowing a party to withhold funds due on one contract or subcontract for alleged claims or damages due on another contract or subcontract is void as against public policy• Denying the immediate deductibility of the cost of mining rights and information ‘first used’ for exploration The tax cost of such rights will be deductible over the shorter of 15 years or the life of the project to which they relate where the rights and information were acquired under an arrangement that commenced on or after 14 May 2013PwC Energy and Mining Tax Update2024年8月29日 Bitcoin mining industry experiencing economic hardship A recent cloud mining firm BitFuFu report revealed that mining expenses surged by 168% over the past 12 months These increased costs, combined with the decreased block subsidy, have placed a considerable economic strain on Bitcoin mining companiesBitcoin mining CEO eyes hashrate contracts to offset rising costs2021年5月27日 A look at some of the key legal and practical considerations surrounding mining rights and title in USA, including the extent of state control, renewal and transfer of licences, and protection of In brief: mining rights and title in USA Lexology

New copper supply offset by multiple hits to existing operations
2023年6月19日 According to McKinsey, a consulting firm, the electrification trend is expected to increase annual copper demand to 366 million tonnes by 2031, with supply forecast to be around 301Mt (from the 2024年5月31日 A forward contract is a customized contract between two parties to buy or sell an asset at a specified price on a future dateForward Contract: How to Use It, Risks, and Example Investopedia2019年7月4日 An overview of legal and practical considerations surrounding mining rights and title in USA, including the extent of state control, renewal and transfer of licences, and protection of rightsMining rights and title in USA Lexologymining activities that do not require mining rights where taxpayers mine for their own purposes (ie do not use contract mining arrangements); and; prospecting activities 2 The inclusion of a limitation to "mining right", as defined in section 1 of the Mineral and Petroleum Resources Development Act, 2002, excludes "prospecting rights"Contract mining clarification muddies the water Webber

China tightens grip on copper, key to world’s energy
2023年11月13日 China is in the midst of a breakneck expansion of its copper industry that’s reshaping global flows of the essential metal for the world’s energy transitionmining permit, to do small scale mining, or a mining right, to do large scale mining Mining Permit: A mining permit gives a company or individual permission to mine a small area of land (not more than 15 hectares) for a specifiedperiod of up to 2 years Mining Right:A mining right gives a company or an individual permission toA Practical Guide for MiningAffected CommunitiesSUPREME COURT Manila THIRD DIVISION GR No August 28, 1998 PHILEX MINING CORPORATION, petitioner, vs COMMISSIONER OF INTERNAL REVENUE, COURT OF APPEALS, and THE COURT OF TAX APPEALS, respondents ROMERO, J: Petitioner Philex Mining Corp assails the decision of the Court of Appeals promulgated on April 8, 1996 GR No August 28, 1998 The Lawphil ProjectHolders of existing mining rights and those whose applications for mining rights are currently pending have five years to supplement their black ownership level to a minimum 30% No ownership requirements for prospecting rights: The Revised Mining Charter is silent on the ownership requirements applicable to holders of prospecting rightsThe drawnout process to remake the Mining Charter is still

Unequal Terms in Africa’s Mining Contracts: What to Do, and
2019年7月31日 Over the last decade, and especially in the mining sector, African state actors have begun to denounce unequal mining contracts, and are increasingly reviewing mining contracts accordingly While African host states are seemingly taking it upon themselves to remedy real and perceived imbalances visàvis investors in their mining contracts, a key 2021年4月27日 Such risks can be greater with direct asset ownership or direct investment into mining equities and debt, and may be compounded by managementteam missteps The streamingandroyalty business model provides exposure to commodities while minimizing many of these risks, as well as offering diversification across a larger portfolio of mining assetsMetals streamingandroyalty financing McKinsey2020年6月24日 That right of offset will now change for private contracts, because effective July 1, 2020, any contract provision allowing a party to withhold funds due on one contract or subcontract for alleged Understanding the Right of Offset in Virginia, Maryland, and 2021年10月15日 债务契约(Debt Covenants)债务契约是指企业经理人员代表股东与债权人签订的、用于明确债权人和债务人双方权利和义务关系的一种法律文书,包括各种贷款契约、债券发行契约等。 企业债务契约的主要作用是限制经理人员的行为或要求其按照一定原则、目的行事,以保护债权人的合法、正当权益。债务契约 MBA智库百科

When the Contractor’s Right to Offset Gets Nixed by the State
2020年7月9日 If any party has an offset provision in a contract, they should expect that it will be enforced in the District of Columbia for both private and state projects Federal Projects – OFFSET ALLOWED On federal projects, the government’s right to offset is expansive and set forth in the Federal Acquisition Regulations2024年5月2日 Announces Formal Review of Strategic Alternatives NEW YORK, May 02, 2024 (GLOBE NEWSWIRE) Stronghold Digital Mining, Inc (NASDAQ: SDIG) (“Stronghold”, the “Company”, or “we”) today announced financial and operational results for the first quarter of 2024 and provided other strategic updates: Recent Financial Highlights The Company generated Release Details Stronghold Digital Mining2020年2月18日 • Offset costs provided by the contractor are included in PA data and the LOA • Fact that offset costs are included in PA/LOA prices may be confirmed – direct further purchaser inquiries to the contractor • Contractor can recover offset costs through contracts that implement FMS cases – indirect offset costs are deemed reasonableOffset Fundamentals2024年10月18日 Over the past decade, resource misclassification has saddled the mining industry with a costly problem How ‘resource debt’ chips away at miners’ growth and investor trust NewsHow resource ‘classification debt’ chips away at miners’ growth

Contractual Right to Offset Money Owed on Munsch
A Contract Offset Provisions Offset provisions can save an owner from going under on multiple projects where one project – often the first one to commence – is going way south, way fast For clarity, in this paper we will use the term “offset” or “crossproject offset” to refer to an upstream party withholdingThe question of whether a party can look to reduce its liability on one contract by setting off that liability against debts due under another contract, is always a live one As Richard Bailey explains, the unanimous judgment of the Court of Appeal in the case of Geldof Metaalconstructie NV v Simon Carves Ltd (“Geldof”) has provided useful clarification as to equitable setoff and cross Crosscontract setoff Fenwick Elliott2022年9月14日 According to Jamie Keech, executive chairman of Vida Carbon Corp, a pool of about $39 trillion of capital has been committed to deinvesting from oil and gasBeaver Creek: Miners should hedge future carbon offset costs4 天之前 Register with us FREE Top news and articles 29/11/2024 Macfarlanes counsels financial services firm on sale of professional services arm; 29/11/2024 German court backs energy profit caps; 28/11/2024 Corporate and tax attorney welcomed to Jones Walker; 28/11/2024 POELLATH welcomes new associated partners and reelects board memberLegal Guides, Business Reports and Events ICLG

Contractors in the coal mining market KPMG
starting from mining and transportation of coal through generation of power and sale to customers Indian coal mining is dominated by few public sector units who continue to grapple with growing coal demand This has led to Indian government promoting private sector coal mining but getting statutory approvals to increase production while 2018年11月7日 NEW MINING RIGHTS The most problematic The June 2018 charter allowed 5% of the total procurement budget on mining goods to be offset, the September 2018 Charter now allows 30% (excluding nondiscretionary expenditure) The contract between the holder and the recipient must be for a minimum of 5 yearsKey elements of the Mining Charter, 2018 Werksmans