Minerals Report - International Seabed Authority
Minerals Report - International Seabed Authority Minerals Report - International Seabed Authority
Ms. Zaamwani told participants that license holders are required by law to keep certain records of the activities conducted in their exploration areas. She said that license holders are required to submit annual and quarterly reports containing sufficient details regarding listed activities, location, the results of all photo geological studies that we carried out, imaging, geological mapping, geochemical sampling, geophysical survey, drilling, pitching and trenching, and bio-sampling. In addition, Ms. Zaamwani said that license holders are required to provide the results of all analytical, methodological and mineralogical work carried out during the specified period. She said that interpretation and the assessment of these studies must be provided, together with surveys, related work, and any other information relating to the nature, mass, volume, and the value of any mineral that you discover during prospecting. If the license holder removes any minerals from the license area, the names and addresses of any persons to whom the minerals were sold have to be provided. She said that expenses incurred during the period under review are also required. Because of the nature of the information required, Ms. Zaamwani said that the Ministry of Mines and Energy has made it easier on license holders by providing them with a format to submit these details. She also said that the Ministry now has a computerized title management system into which this information is fed and which is utilized to monitor activities. Ms. Zaamwani noted that as part of the presentation, she had been requested to provide an assessment of the degree of compliance. She pointed out that for a serious investor, compliance is not a problem because that is the price you pay when you go searching intentionally for minerals in any surface, or place. She said that the degree of compliance is high, close to 90% among the more serious operators. She said that reports must be submitted within 30 days after the end of each quarter, starting with the commencement date of the license. She said that this basis for determining the end of the quarter is a bit problematic. This was because for those operators with more than 50 licenses issued on different dates, for example this would mean engaging two full-time staff to take care of reports. Ms. Zaamwani said that the industry through the chamber of mines has now made a request to Government for quarters to be defined with reference to the calendar year. INTERNATIONAL SEABED AUTHORITY 778
Ms. Zaamwani said that one of the problems and that was clearly identified in Mr. Wanjik’s presentation is that when an onshore regime is extended to an offshore regime; it creates some problems because the requirements for offshore operators are different insofar as geophysical surveys are concerned. Ms. Zaamwani said that under Namibian law, all the data collected during geophysical surveys as well as the interpretation of these data must be submitted to the Ministry. She said that the requirement for interpreted data is the source of the problem. She pointed out that is since the offshore industry is relatively new most operators use very specialized proprietary computer systems and that data are processed outside Namibia. She said that this lack of flexibility makes it onerous for operators in the marine environment. She said that the matter was currently under review by the Ministry, and that in due time the two regimes might be separated. She also said that the requirement to submit the raw data has also meant that all data must be retained, resulting in costly administrative processes to retrieve the data and then submit it to the Ministry. Storage and utilization of data. Ms. Zaamwani said that the Ministry of Mines and Energy through its directorates, the Geological Survey and the Mines and Energy Departments are the custodians of the submitted data. She said that at the Geological Survey, one finds piles and piles of raw data as well as the interpreted data since submitted data are filed there. She said that these data are not collated, and in the industry’s view are of no use to the Ministry in that form. She informed participants that the Ministry is now undertaking a project to develop the capacity to collate and interpret those data that they receive from operators. With regard to the open file system, as a result of which upon expiration of a prospecting license, the data and information gathered by an operator are made accessible to anyone interested in the area free of cost, Ms. Zaamwani said that the industry is uneasy about this approach. She said that the rationale of the Ministry is that this would facilitate mineral development and encourage investment. She said that industry was of the opinion that this provided a free ride to latecomers. Industry is also of the view that perhaps INTERNATIONAL SEABED AUTHORITY 779
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- Page 760 and 761: SUMMARY OF PRESENTATION AND DISCUSS
- Page 762 and 763: these areas cover something like 25
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- Page 812 and 813: in the Barents Sea there is still a
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- Page 832 and 833: As far as the Government is concern
- Page 834 and 835: • Ordinance number 195, of Decemb
Ms. Zaamwani told participants that license holders are required by<br />
law to keep certain records of the activities conducted in their exploration<br />
areas. She said that license holders are required to submit annual and<br />
quarterly reports containing sufficient details regarding listed activities,<br />
location, the results of all photo geological studies that we carried out,<br />
imaging, geological mapping, geochemical sampling, geophysical survey,<br />
drilling, pitching and trenching, and bio-sampling. In addition, Ms.<br />
Zaamwani said that license holders are required to provide the results of all<br />
analytical, methodological and mineralogical work carried out during the<br />
specified period. She said that interpretation and the assessment of these<br />
studies must be provided, together with surveys, related work, and any other<br />
information relating to the nature, mass, volume, and the value of any mineral<br />
that you discover during prospecting. If the license holder removes any<br />
minerals from the license area, the names and addresses of any persons to<br />
whom the minerals were sold have to be provided. She said that expenses<br />
incurred during the period under review are also required.<br />
Because of the nature of the information required, Ms. Zaamwani said<br />
that the Ministry of Mines and Energy has made it easier on license holders by<br />
providing them with a format to submit these details. She also said that the<br />
Ministry now has a computerized title management system into which this<br />
information is fed and which is utilized to monitor activities.<br />
Ms. Zaamwani noted that as part of the presentation, she had been<br />
requested to provide an assessment of the degree of compliance. She pointed<br />
out that for a serious investor, compliance is not a problem because that is the<br />
price you pay when you go searching intentionally for minerals in any<br />
surface, or place. She said that the degree of compliance is high, close to 90%<br />
among the more serious operators. She said that reports must be submitted<br />
within 30 days after the end of each quarter, starting with the commencement<br />
date of the license. She said that this basis for determining the end of the<br />
quarter is a bit problematic. This was because for those operators with more<br />
than 50 licenses issued on different dates, for example this would mean<br />
engaging two full-time staff to take care of reports. Ms. Zaamwani said that<br />
the industry through the chamber of mines has now made a request to<br />
Government for quarters to be defined with reference to the calendar year.<br />
INTERNATIONAL SEABED AUTHORITY 778
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