SH July 20 Newsletter final - Page 18



MINERALS ROYALTIES
Many of our mineral clients are liable to pay royalties to the owners of the mineral rights within their
extraction sites. We understand that clarity around the basis for this payment and accurate information to
base it on is valuable to mineral operators.
Stephenson Halliday provides technical support to our clients to inform these royalty payment calculations. .
This support is based on a detailed understanding of the quarry, geology (interburden and overburden),
working methods, on-site processing and products, imported materials and progressive restoration. We
undertake the site survey and detailed volumetric analysis to provide an up to date picture and work closely
with the operators in liaising with the minerals rights owners to reach agreement on the correct level of
royalty payments.
THE ENVIRONMENT BILL AND
BIODIVERSITY NET GAIN
The Environment Bill passed its second reading in February and is expected to obtain Royal Assent in late
2020 bringing with it a requirement for most new development falling within the TCPA to achieve at least a
10% net gain in value for biodiversity. Whilst there will be a 2-year transitional period, we are aware that some
authorities are already requiring measurable net gain. Even where this is not the case minerals and waste
developers would be well advised to start considering their future strategy in relation to this new requirement
sooner rather than later.
Many developers and operators may fear this just adds an extra cost burden to an industry already heavily
regulated by environmental legislation. An article authored by John Ingham (Associate Director) explains how
it will be possible to minimise costs and potentially turn the impending requirement into a long term income
opportunity. To receive a copy of the article please email John in the Wetherby office at:
john.ingham@stephenson-halliday.com
Page 16
www.stephenson-halliday.com





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