Mining

BC Introduces Bill 6 to Align the Province’s Mining Sector with Global Best Practices

Courtesy of Osler. View original article here. Introduction On June 22, 2020, the Government of British Columbia introduced Bill 6 – 2020: Mines Amendment Act, 2020 (Bill 6) in the Legislative Assembly. The proposed amendments will restructure the Ministry of Energy, Mines and Petroleum Resources by establishing a new Mine Audits and Effectiveness Unit to be led by… [Read More…] about BC Introduces Bill 6 to Align the Province’s Mining Sector with Global Best Practices

BC Introduces Proposed Amendments to the Mines Act

Courtesy of McCarthy Tetrault. View original article here. The BC government has introduced proposed changes to the Mines Act (the Act) in Bill 6 (Mines Amendment Act, 2020), which passed its First Reading in the Legislative Assembly on June 22, 2020. The proposed changes were developed in response to lessons learned from the 2014 tailings spill at the Mount… [Read More…] about BC Introduces Proposed Amendments to the Mines Act

PDAC: Lots to Talk About

Courtesy of Osler. View original article here. In our summary of PDAC last year, we noted it was finally a time that “the mining industry got back to work with greater businesslike focus than we have seen in recent years.” We’re happy to say in our view that trend continued in many respects at PDAC 2019.… [Read More…] about PDAC: Lots to Talk About

2018 Top Ten: Regulatory Decisions of Import to the Canadian Energy Industry

Courtesy of Borden Ladner Gervais. View original article here. At the beginning of 2018, our review of the 2017 Canadian regulatory events described them as dramatic, but the 2018 saga turned out to be nothing short of a blockbuster. Pressure built up to a bubble point at the federal and provincial levels of governments, and at the National… [Read More…] about 2018 Top Ten: Regulatory Decisions of Import to the Canadian Energy Industry

Mining Industry Trends: Strategic Investment Transactions

Courtesy of Stikeman Elliott. View original article here. The combination of macroeconomic uncertainty and speculation over trade wars has not been kind to commodity prices or the mining industry lately.  The impact has been especially felt among junior companies without producing assets, as financiers and the public capital markets are reluctant to take on exploration… [Read More…] about Mining Industry Trends: Strategic Investment Transactions

Gross Overriding Royalty as Interest in Land – the Clear Language Conundrum Continues

Courtesy of Borden Ladner Gervais. View original article here. In 2002 the Supreme Court of Canada, in Bank of Montreal v Dynex Petroleum Ltd, 2002 SCC 7 (Dynex) affirmed that gross overriding royalty interests (GOR) could constitute interest in land provided the parties so intended and that intention was sufficiently evidenced in an agreement. The case-by-case application of Dynex appears to… [Read More…] about Gross Overriding Royalty as Interest in Land – the Clear Language Conundrum Continues

Royalties are an Interest in Land (But can they be vested out? Stay tuned.)

Courtesy of Stikeman Elliott. View original article here. In a recent decision, the Ontario Court of Appeal determined that gross overriding royalties on certain Ontario mining claims constituted interests in land, finding that a right to enter and explore land is not a necessary incident of an interest in land. However, the court left for… [Read More…] about Royalties are an Interest in Land (But can they be vested out? Stay tuned.)

Return to Mineral Exploration – A Legal Perspective

Courtesy of Osler. View original article here. The past few years have not been kind to mineral exploration companies. In the face of uncertain commodity prices — and a difficult financing environment that focused on production or development stage assets — exploration budgets were slashed by both major and junior companies alike. But, as 2017… [Read More…] about Return to Mineral Exploration – A Legal Perspective

Final Guidance on Extractive Sector Transparency Measures Act – Get Ready to Enrol and Report

Courtesy of Osler. View original article here. The Canadian Extractive Sector Transparency Measures Act (the ESTMA) was proclaimed into force on June 1, 2015 and requires businesses involved in the resource exploration and extractive sector in Canada or elsewhere to file and publish reports on certain types of payments made to both domestic and foreign governments.  For… [Read More…] about Final Guidance on Extractive Sector Transparency Measures Act – Get Ready to Enrol and Report