A well-established company in charge of housing possessing an Exploration License (EL) lodged in

Question

an application which was accepted by the Director. Within three (3) months the company carried out its
preparatory work on a 58 000 000m2 of a rectangular land from the acceptance of its permit. The
company underwent a major change in management during its 35th year but disagreements escalated
throughout its remaining 5 years. [NB. 1km2 = 1,000,000 m2 so if 60km2 = 60,000,000 m2]
i. Which tenement did the company use?
ii. Which Environmental Permit was granted to the company?

Answer 1

To address your questions, we need to clarify a few terms often associated with exploration and environmental management within the extraction and housing industries:

i. Which tenement did the company use?

• Given that the company possesses an Exploration License (EL) for a 58,000,000 m² area (which is equivalent to 58 km²), it is utilizing an Exploration Tenement. An exploration tenement typically allows the license holder to conduct exploratory activities to assess the mineral potential of the designated land.

ii. Which Environmental Permit was granted to the company?

• The specific environmental permits can vary significantly depending on the jurisdiction, the type of project, and the local regulations in place. However, typically, a Mining Environmental Permit or Environmental Impact Assessment (EIA) approval would be required before starting operations that may impact the environment. Since the company was engaged in preparatory work, they likely obtained an Environmental Permit for Exploration Activities which would include conditions that allow for the exploration while ensuring that they mitigate any potential environmental impacts.

For precise names of permits or tenements, it's necessary to refer to the regulatory framework in the specific area where the company is operating, as they can differ by region and country.