Just how secure are your mining tenements? Could they be at risk of being withdrawn, denied, or rejected when you go to renew them?
Security of mining tenement is an essential ingredient for successful mining or exploration. It reduces the risk of your mining or exploration company expending effort in the wrong direction, in legal proceedings or Warden’s court action, and provides the level of confidence that is necessary to finance a mining or exploration project.
Your mining tenement may be at risk if:
As tenements are acquired, the expectations of the regulators and legal system is that your company will ensure it allocates sufficient resources to tenement management. If you do not commit adequate resources to tenement management as you grow, due to an inadvisable business oversight or worse, an attempt to reduce expenses, then you will expose yourself to risk and put yourself in an unsympathetic position.
Fundamental to security of tenure or tenement is the ability to manage your tenements properly, to navigate the frameworks by which they are managed, to fully understand the complex rules and regulations and agreements that govern tenements, to appreciate and be able to carry out your reporting obligations, and to commit the needful quantity of resources to tenement management.
For these reasons, many mining and resources companies will decide to use the services of a tenement management company to help them achieve tenement security and reduce the risk to their tenement. So, how exactly can tenement consultants help to increase the security of your tenements? Below are just a few of the services offered by a tenement consultant like Hetherington:
There are many reasons to outsource your tenement management. Laws vary by jurisdiction, as do the regulatory mechanisms in place to enforce them, and it can be hard for an exploration and mining company to have the in-house resources to handle this. It can take an expert to navigate these complexities while attaining the required level of tenement security.
Our in-depth knowledge of environmental and mining law, our expertise in the mining and resources sector, and our long track record of supporting exploration and mining companies to achieve their goals positions Hetherington as the tenement consultant of choice for the Australian mining and resources sector.