Mining and Minerals

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Recent Articles

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    20/06/2024
    International

    Overview of the EU-Australia Memorandum of Understanding on Critical and Strategic Minerals

    The European Union (“EU”) and Australia on 28 May 2024 signed a Memorandum of Understanding (“MOU”) to forge a partnership aimed at developing a secure, stable, ethical, and sustainable supply chain for critical and strategic minerals across their respective regions. This partnership aligns with the goals of the Paris Agreement and the ambition to transition to net zero economies by 2050, as well as a key objective of Australia’s ‘Critical Minerals Strategy 2023-2030’ (published in June 2023) to create diverse, resilient and sustainable supply chains through...
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    07/03/2024
    International

    Environmental and social factors in mining: a spotlight on Colombia

    Environmental and social considerations have been critical to the business of mining since long before the term ESG gained its current popularity. Mining activities are politically sensitive because they allow private companies to appropriate and profit from a state’s finite natural resources, and because they normally entail significant impacts on the natural environment and nearby communities. As a result, mining tends to be highly regulated and require environmental licences and permits, which must be supported by environmental and social impact assessments and other studies and work programmes...
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  •  
    19/01/2024
    International

    CBAM: Just over a week to comply

    As the deadline for the first Carbon Border Adjustment Mechanism (CBAM) report approaches on January 31st, it is crucial for undertakings engaged in importing relevant goods into the European Union to understand their obligations - which take practical effect this month. The CBAM, established by Regulation (EU) 2023/956, represents a significant step in the EU’s efforts to combat climate change and carbon leakage, aligning with the overarching goals of the European Green Deal and the Paris Agreement.Key Practical Points on CBAM:Scope of CBAM: This mechanism applies to specific goods listed...
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    12/10/2023
    International

    Energy Transition, Minerals and the Circular Economy

    The ongoing energy transition requires a large-scale and accelerated switch to renewable energy generation and the electrification of transportation and industry, in order to reduce greenhouse gas emissions. Those technologies will result in a significant increase in demand for a range of minerals and metals, including copper and aluminium (for electricity transmission), cobalt, nickel, lithium, lead, manganese and graphite (for batteries), rare earths (for permanent magnets used in wind turbines and electric batteries) and even steel (for use in wind turbines). The International Energy Association...
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  •  
    05/09/2023
    International

    Deep sea mining: navigating in murky waters

    On 9 July 2023, the latest deadline for finalising the draft exploitation regulations for deep sea mining in international waters expired without agreement.1 This deadline resulted from a letter from the pacific state of Nauru in 2021 stating an intention to apply for approval of a ‘plan of work’ for exploitation of deep sea minerals. The letter triggered a sub-clause within the Agreement relating to the implementation of Part XI of the United Nations Convention on the Law of the Sea of 10 December 1982, (“the 1994 Implementing Agreement”) which gave the International...
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    30/08/2023
    International

    CBAM Implementing Regulation and Extensive Additional Reporting Guidance Published

    Earlier this month, the European Commission (“EC”) adopted an Implementing Regulation (“IR”) and released extensive Guidance Documents (“Guidance”) on the practicalities of reporting requirements for the transitional phase of the EU’s Carbon Border Adjustment Mechanism (“CBAM”) framework. This first material phase of CBAM will commence on October 1, 2023 (“Transitional Period”). The Guidance complements the IR in providing vital instructions for both installation operators (exporters) outside the EU and importers of CBAM goods within...
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