Wednesday, May 28, 2014

2014 Mining Industry Fiscal Regime H1 in Ghana & Kazakhstan



Summary
Kazakhstan produces a variety of mineral resources such as gold, copper, silver, uranium, coal, iron ore, and other ferrous and non-ferrous metals. The mining industry in Kazakhstan is governed by the Ministry of Industry and New Technology and Ministry of Environmental Protection. The Law of Subsoil and Subsoil Use is the main regulating law for mining activities in the country.
Key highlights
  • The mining industry in Kazakhstan is governed by the Ministry of Industry and New Technology and Ministry of Environmental Protection.
  • The Law of Subsoil and Subsoil Use is the main regulating law for mining activities in the country.
  • Departments under the Ministry include the Investment Committee, the Industry Committee, the Committee for Technical Regulation and Metrology, the Committee for State Energy Supervision and Control, the Tourism Industry Committee, and the Committee for Geology and Subsoil use.
  • The Ministry of Economic Development and Trade is the executive body of the Republic of Kazakhstan. It is responsible for the implementation of state policy, legislation on the commodity market and promotional activities in investment and trade.
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Summary
The mining industry is regulated by the Minerals and Mining Act 2006. Ghana's mining industry is managed by the Ministry of Land and Resources and Environment Protection Agency. The Minerals Commission is also involved in the coordination and implementation of mining policy.
Key highlights
  • The mining industry is regulated by the Minerals and Mining Act 2006. Ghana's mining industry is managed by the Ministry of Land and Resources and Environment Protection Agency.
  • The Minerals Commission is also involved in the coordination and implementation of mining policy.
  • The Ministry of Land and Natural Resources is responsible for managing country's land, forest, wildlife and mineral resources. The functions of the ministry include policy formation, co-ordination, monitoring and evaluation, and the validation of policies and projects. The ministry supervises the departments and agencies working under it, and negotiates with development partners.
  • The Environment Protection Agency is responsible for the protection and improvement of the country's environment. The agency aims to create awareness of the environment at a community level. It has offices across the country and regularly inspects and regulates mining activities.
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