Currently a mere sub-set of "Advanced Materials",
The proposed change underlines the growing importance of the
Creating and updating a
The CfE raises the following questions in relation to
#35. Do you understand what activities might bring an entity into scope of mandatory notification requirements, as set out in the Notifiable Acquisition Regulations?
#36. Are there activities specified in the Notifiable Acquisition Regulations that you do not think should be included? If so, what activities?
#37. Are there activities not included in the Notifiable Acquisition Regulations that you think should be included? If so, what activities?
#38. Are there areas of the Notifiable Acquisition Regulations that would benefit from additional guidance? If so, what areas and what guidance?
#39. Are there areas of the Notifiable Acquisition Regulations that would benefit from drafting changes to improve clarity on the activities covered, either by changing drafting within areas of the Regulations or by carving out new areas? If so, what areas?
As a recap (see The New
'the "extraction, refinement, processing, production and end of life recovery (in single element, compound or product form)" of any of the following materials:
(i) activated carbon; (ii) antimony; (iii) arsenic; (iv) beryllium; (v) bismuth; (vi) boron; (vii) cadmium; (viii) cerium; (ix) chromium; (x) cobalt; (xi) dysprosium; (xii) erbium; (xiii) europium; (xiv) fluorspar; (xv) gadolinium; (xvi) gallium; (xvii) germanium; (xviii) graphite; (xix) holmium; (xx) indium; (xxi) iridium; (xxii) lead; (xxiii) lithium; (xxiv) lutetium; (xxv) mercury; (xxvi) molybdenum; (xxvii) neodymium; (xxviii) niobium; (xxix) osmium; (xxx) palladium; (xxxi) platinum; (xxxii) praseodymium; (xxxiii) rhenium; (xxxiv) ruthenium; (xxxv) samarium; (xxxvi) scandium; (xxxvii) selenium; (xxxviii) tantalum; (xxxix) tellurium; (xl) terbium; (xli) thulium; (xlii) tungsten; (xliii) vanadium; (xliv) ytterbium; and (xlv) yttrium.'
I would agree that, as proposed in the CfE, the materials themselves should be updated in line with the
(1) does "extraction" include test drilling and core sampling during the exploration or development phases of a project, as well as commercial exploitation of a mine during the operation phase?
(2) how is the NSIA intended to apply (if at all) to mining royalties and streaming companies, which may hold an entitlement to a fixed percentage of the net smelter revenue generated by a mine (in the case of royalties) or physical metals (in the case of streams)?
(3) does mere separation of waste streams constitute "end of life recovery" or is some form of hydro, pyro or electro-chemical processing of waste feedstock required?
Splitting
The Government is considering bringing the Regulations in line with the
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