Celebrating 5 years as a software business.

As we celebrate 5 years since morphing into a software company we can confidently say peace of mind allows you to enjoy other pleasures.

Several years of working in the mining industry, Tracy realised firsthand how fraught paper-based systems were to managing tenements and how juggling multiple spreadsheets can lead to errors (sometimes fatal ones). 

Tracy had a passion to find a solution to the paper-based situation and in 2017, after 4 years of developing Global Tenements, Tracy had morphed her company into a technology-based foundation and adopted her software's name Global Tenements. 

"Looking back to a diary entry I made on 4th May 2017 about registering Global Tenements as a company I wrote that I was feeling slightly apprehensive but excited.  I also hoped that it lives up to its expectations and is a company I can be proud of. Being constantly paranoid about risking the loss of one of my client’s tenements has given me a lot of sleepless nights over the years but now I sleep better knowing the whole team is aware of critical actions and their deadlines. The software has our back and delivers in spades.

Major push from the Department of Mines for negotiations

It is common knowledge in the mining industry that once a tenement is granted, conditions are placed on the tenement where the holder is responsible for upholding it. Such commitments include paying rents and rates, meeting expenditure, and lodging technical reports.

Failure to meet these conditions could see fines imposed, forfeiture of tenure, refusal of renewals from the Department of Mines or forfeiture plaints by other Parties. If a tenement is yet to grant, meaning the status is pending, these conditions do not apply.

There are various reasons for a tenement to stay pending, most common being, an objection which is lodged by a Party or Parties who will be affected by the grant of the new tenement which holds up grant until the objection is withdrawn.