QLLM304 Mining and Natural Resources (Sem 2)
This module will cover all of the legal aspects of the mining industry. It will consider the type of natural resources that are included in the extractive industry and the main influences on supply and demand prices. Mining companies also have to be aware of political considerations and the impact of the nationalisation cycle. The main types of legal documents used in the mining industry will also be reviewed for the various stages of a project; from development, production and on to marketing and sales. Each phase requires certain licences and permits to proceed to the next stage. Some of the newer innovations of underwater mining will be looked at and the impact of the relevant provisions of the United Nations Convention on the Law of the Sea. Of particular interest, is the work of the International Seabed Authority and the regulations and recommendations it is making on prospecting in the sea. Environmental considerations and corporate social responsibility standards will also be discussed. Finally, there will be a review of mining disputes and how they are usually resolved.
The aim of the module is to give students a good understanding of the legal aspects relevant to the extractive industries. Students should be able to identify the corporate and legal structures that are used in the mining industry as well as the relevant international treaties and standards that might apply.
Mode of Assessment:
7,500 word course essay