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Under the existing act, section 102 allows the state to simply expand existing exploration and/or mining rights without any further environmental, social and economic assessments being required.
South Africa has an abundance of mineral resources, which is a direct source of foreign investment. We are said to have the world''s fifthlargest mining sector, employing 5% of the South African workforce. The mining industry is currently regulated under the Mineral and Petroleum Resources Development
South Africa has a long and somewhat troubled history when it comes to mine closure. Looking at the topography of the greater Johannesburg area, the remnants of the gold mining industry are evident by the many rehabilitated mine dumps which litter the skyline. ... (Section 2 (4) (p) of NEMA, 1998) and the participation of all interested and ...
8. Recoupments relating to mining assets. The value of mining assets in a sale of a mining concern transaction is governed by section 37 of the Income Tax Act, whereby an effective value (similar to an insurance replacement value) is attributed to the mining assets (land, mining rights and .
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The South African mining landscape 6 Improving value to stakeholders 18 The regulatory landscape in Africa 20 South Africa Mining Charter 21 South Africa Diesel Refund Scheme 22 Tanzania The impact of regulatory changes 26 DRC New mining code upsetting miners 27 Financial performance 28 Glossary 44 Companies included in the analysis 46
May 25, 2012· The Honourable Minister of Mineral Resources, Ms Susan Shabangu, reinforced during her 2012 budget speech on 10 May 2012, amongst other things, that the Department of Mineral Resources (DMR) remains determined to continue issuing stoppage notices in terms of section 54 of the Mine Health and Safety Act, No. 29 of 1996 (MHSA) to ensure compliance with the MHSA.
The South African mining code (MPRDA) was constructed, amended, and will be further amended (if current proposals are adopted), with the object of increasing government control over, and increased economic returns from, the mining sector; the Section 11 "transfer of controlling interest" provisions ensure governmental control over the approval of new participants in the industry and infuses ...
MINING AND MINERALS INDUSTRY, 2018. I, Samson Gwede Mantashe, Minister of Mineral Resources, hereby in terms of section 100 (2) of the Mineral and Petroleum Resources Development 2002 Act, (Act 28 No. of 2002), publish the Broad Based Socio Economic Empowerment Charter for the Mining and Minerals Industry, 2018 (Mining Charter, 2018) for
17. Surveying, Mapping and Mine Plans. 1) DEFINITIONS In this Chapter, unless the context indicates otherwise"bedded mineral deposit" means any reef, coal seam, lode, mineral bed or fissure, which occurs conformably within it''s country rock and is not of a massive nature; "chart datum" means the height referencing datum as determined by the Hydrographer of the South African Navy;
A network of legislation exists in South Africa that is geared towards sustainable development and the conservation and management of our country''s rich biodiversity. Part of this fabric is the Mineral and Petroleum Resources Development Act (No. 28 of 2002) (MPRDA), which is the main piece of legislation governing all stages of the mining ...
Economic activity in modernday South Africa has been centred on mining activities, their ancillary services and supplies. The country''s stock exchange in Johannesburg was established in 1887, a decade after the first diamonds were discovered on the banks of the Orange River, and almost simultaneously with the gold rush on the worldfamous Witwatersrand.
The imposition of mineral and petroleum royalties ("mining royalties") in South Africa commenced on 1 March 2010 1 The Mineral and Petroleum Resources Royalty Act 28 of 2008 (the "Royalty Act") regulates the imposition and calculation of mining royalties. Mining .
According to Section 11 of the Mineral and Petroleum Resources Development Act (MPRDA), a mining or a prospecting right may not be transferred from one company to another without the Minister of ...
About Careers24 is part of Media24; and member of the Naspers group. Known as one of the leading job portals in South Africa, Careers24 brings two groups of people together the job seeker and the provide job seekers with thousands of vacancies that are posted by hundreds of registered recruiters and employers.
South Africa has, and still is, relying heavily on mining activities to generate wealth that could be translated into economic development, infrastructure and employment. Formal mining in South Africa is more than 100 years old. Legislation at that time primarily focused on "surface
25. Rights and obligations of holder of mining right 26. Mineral benefi ciation 27. Application for, issuing and duration of mining permit 28. Information and data in respect of mining or processing of minerals 29. Minister''s power to direct submission of specifi ed information or data 30. Disclosure of information 31. Application for ...
CHARTER FOR THE SOUTH AFRICAN MINING AND MINERALS INDUSTRY, 2016. I, Mosebenzi Joseph Zwane, MP, Minister of Mineral Resources, hereby in terms of section 100 (2) of the Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002), as amended, publish the Reviewed Broad Based Black Economic Empowerment Charter for the
South Africa– Blue Sky Publications (Pty) Ltd T/A TheSouthAfrican Number: 2005/028472/07. Address: Regus Business Centre 1st Floor, Block B, North Park, Black River Park, 2 Fir Street ...
Forty years ago, half of global mining industry market capitalisation traded on the JSE; we are now down to some 26 companies of which quite a number have no operations in South Africa. However ...
The Journal of The South African Institute of Mining and Metallurgy OCTOBER 2003 489 Historical background South Africa has, and still is, relying heavily on mining activities to generate wealth that could be translated into economic development, infrastructure and employment. Formal mining in South Africa is more than 100 years old.
It is in proofof concept testing in South Africa. Taken together, the safety and productivity gains from a continuous mining process in hard rock are significant: yielding improvements in tunnel advance rates and reduction in operating costs, while removing people from harm. Robotics will make underground mining safer for all
In the most recent Survey, published on 1 March 2019 ( after the publication of the Charter and the Guidelines), South Africa''s score increased to and the country now ranks 56 th out of the 83 mining jurisdictions surveyed. While South Africa''s performance in the Survey is still below average, its score is significantly better ...
On Friday, 7 June 2013, the MPRDA as amended by the Amendment Act, brought about important changes to the regulation of the South African mining industry. As can be seen from the analysis of the regulatory regime below, the Amendment Act introduced a number of significant amendments to South Africa''s mineral regulatory regime. The regulatory system created by the Amendment Act will, .
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