Regulatory Compliance Requirements in New Caledonia: A Comprehensive Framework for Mining Sector
New Caledonia’s mining sector operates under a robust regulatory framework, established by the Mining Code of 2009. The code aims to promote the conversion of ore into metals within the territory and consolidates scattered regulations into a cohesive whole.
Simplified Procedures for Foreign Investment
By streamlining foreign investment procedures and facilitating dialogue between operators, authorities, and local communities, the code has simplified the process of doing business in New Caledonia. This has created a more attractive environment for investors and increased confidence in the mining sector’s growth potential.
Mining Permits and Concessions
The Mines and Quarries Service, part of the Direction of the Mines and Energy (DIMENC), plays a crucial role in granting exploration permits and mining concessions. Exploration permits are valid for three years and can be renewed twice, covering one or more contiguous 100-hectare squares.
Categories of Operators
Operators under these concessions are categorized into three groups:
- Companies operating domestic refineries
- Small miners
- Subcontractors for mine owners
Exporting Minerals
The right to export minerals is granted by government decree after a review by the Mines and Quarries Service.
Environmental Regulations
The Department of Industry, Mining and Energy at the Government of New Caledonia (DIMENC) oversees environmental conditions for mineral extraction and processing. This department collaborates with the Nickel Fund to reforest mine sites, aligning with the code’s environmental goals.
Future Developments
New developments are on the horizon as further regulation is expected to be passed to develop the national resource scheme of New Caledonia. For those seeking more information on this policy, additional resources are available in French.