Map Top 40 MArkets in Mining
Source: www.pwc.com
The mining code reform announced by Prime Minister July 5, 2012 was the subject of the work entrusted to Thierry Tuot, State Councillor, in a focus group involving all stakeholders. This work was conducted in two phases: Great Development Principles of the Reformation that gave rise to the communication of June the Council of Ministers 6 February 2013; In drafting proposals for a draft mining code Who Were Presented to the Ministers of Ecology, Relief productive and overseas december 10th, 2013. The consultation will focus on the development of a national mining plan, the simplification of procedures and the creation of specific provisions for information and public participation throughout the life of the securities, the integration of rules similar to those installations classified for environmental protection for the work and improving the consideration of mining damage.-------
THE PROJECT "RESPONSIBLE MINING"
According to the Economy Minister Emmanuel Macron , explains about "Responsible Mining" "It is beyond regulatory obligations, it is to define the terms of a partnership between the state and stakeholders, the first of which is place the mining operators in the service of a new mining model, striving to reduce and prevent environmental and social impacts. "
Closely associating stakeholders of the exploration, "Responsible Mining" approach notably includes in its objectives the creation and stabilization of the social fabric. It also strives to anticipate the social, territorial and environmental management of post-mining and preparing the conversion of the territory.
The Minister for Ecology, Segolene Royal in turn, is involved in the project "Responsible Mining" mainly on the part of the Environmental Protection to make the mining sector evolving, that is traditionally remained backward-looking, so far.
The minister of the economy, certainly intended to reassure investors to encourage them to restore their confidence in a sector suffering from the arrival of emerging countries (Brazil, India, Indonesia, South Africa) on the board of the World mining. Overall, market capitalization fell by $ 280 billion, gold companies being particularly affected. (Source PWC)
On the other hand, performance of emerging countries totaled a net profit of $ 24 billion, against a total net loss of $ 4 billion, the developed countries are particularly affected by impairment losses.--------------------------------------------------------------------
According to Mariano Marcos, PWC (Associate commodities specialist) "Classic quick solutions have been widely adopted in response to the decline in commodity prices; however, we are starting to see fundamental policy changes, which result in an effort to simplify and focus on the value created by the assets of higher quality by achieving optimization plans and by careful control of capital torque / risk while addressing the problem of declining productivity.--------------------------------------------------
BIG CHALLENGE TO REFORM THE MINING EXPLOITATION OF MANY CONSTRAINTS-------------------------------
Ten years after the last stop mining, the government wants to believe in a reboot. But it will boost the inventory of the basement and adopt a new Mining Code. The Mining code must especially thoroughly review the taxation of the sector, considered too restrictive vi abroad and reclamation after mining without much offending environmentalists. As was the case of the green-political barrier schist gas exploitation.----------------------------------------------------------------------------------------------------------
The two economy and ecology ministers will have to reform the mining code to remove tax obstacles that hinder foreign investors also put off by the French administrative constraints, often considered complex and thus complicated.--------------------
