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Mineral Reporting Workshop: Enhancing Compliance & Accuracy

Workshop by Mineral Economist Aune Andreas on importance of reporting procedures for stakeholders in mining sector. Covers statutory obligations, challenges faced, consequences of non-compliance, and urging for accurate data submission.

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Mineral Reporting Workshop: Enhancing Compliance & Accuracy

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  1. INFORMATION SHARING WORKSHOPSafari Hotel, Windhoek REPORTING PROCEDURES Presenter : Aune Andreas Mineral Economist 14th March 2011

  2. WHY REPORTING? • Statutory obligation – Minerals (Prospecting and Mining) Act, 1992 • Update minerals database • Compile quarterly reports • Disseminate information to stakeholders- BON,IAEA,ILZSG • Determine performance of individual company • National accounts (GDP, Budgeting & export earnings)

  3. REPORTS REQUIRED

  4. ACCEPTABLE MASS UNITS

  5. FAILURE TO COMPLY • Shall be guilty of an offence and on conviction be liable to a fine not exceeding N$ 8 000 or to imprisonment for a period not exceeding 12 month or to both fine and imprisonment, Sec 101 (4).

  6. PROBLEMS/CHALLENGES • No/Incomplete or late submission of returns • Labour, production, opening & closing stock • Under or no declaration of both mass and value • Inconsistence in mass units • Usage of wrong form • Duplication of returns • Gender aspect

  7. PROBLEMS/CHALLENGES CONT… • Inaccessibility of certain mining areas • Unavailability of key staff at mines site during verification/visit • Constantly changing figures, create confusion • Incomplete reports based on provisional data

  8. CONCLUSION • We urge you all to comply with the provisions of the act to provide reliable and accurate data to make our sector a reliable sector. • Always make use of the right forms to submit the data.

  9. CONTACT DETAILS MINISTRY OF MINES AND ENERGY 1st floor, room 113 Tel: 2848111 E-mail: aandreas@mme.gov.na THANK YOU!

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