What is Tenement Management? Is all about ensuring compliance with the relevant act of law and securing some tenement properties. Legal and technical assistance may include application and renewal of the permits, transfer rights, variation reports and requests, relinquishments, to mention a few. Due diligence and experience, individual reports are also prepared in this stage before you take on your projects. So, if you are a new miner or just a contractor, it is wise to understand some of the whole sectors’ basics. And speaking of some basics, we have done some research, for all you need is to ensure you read and understand them well.
What is Tenement Management? In order to understand the whole concept well, it is wise always to have an extra example relating to the whole regulation. So, if you are a mining company or just an independent company looking to undergo some mining activities, you will need to operate and work within the state legislative laws. As such, you will be required to apply for the mining permit, which is also called tenement; this provides your company with the right to perform any mining activities on the land you are registered to or interested in exploration. You might as well ask yourself, why do I need this tenement? Well, mining permits are granted to ensure that your company is complying with the required standards against which environmental and other factors are put into considerations. This ensures that the impacts of your process on the environment are ecologically positive and that there are no issues with the native owners of the land.
Different Types of Tenements Management
Prospecting Permit
This license allows you as a mining company to conduct some exploration projects that are the search for the mineral or the right grade. Its renewal is based on the state mining act and can vary from one state to another; it is then wise and intelligent to always find more information on renewal, transfers, and other rights attached to this permit before applying.
Mining Lease
After you’ve conducted your mining search under the prospecting and exploration stage, you are now ready to excavate your minerals; what you need here is known as a mining lease. Its shelf life is attached to mine and how long you will be on the same site conducting your process. Mining being one of the most profitable investments in the world, it would be okay and wise to take your time and learn all the basics to avoid conflicts in the future.
