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mining financial provision mprda

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National Environmental Management Act Regulations ,

REGULATIONS PERTAINING TO THE FINANCIAL PROVISION FOR PROSPECTING, EXPLORATION, MINING OR PRODUCTION OPERATIONS I, Bomo Edith Edna Molewa, Minister of Environmental Affairs, hereby make regulations pertaining to the financial provision for prospecting, exploration, mining or production operations under section..

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Mining Law 2019 Laws and Regulations South Africa ICLG

The mining industry in South Africa is administered by the Department of Mineral Resources, the head office of which is situated in Pretoria, South Africa and each of the nine regions of South Africa have regional offices of the Department of Mineral Resourc..

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Ms F C Bikani, MP

Ms F C Bikani, MP Acting Chairperson of the Portfolio Committee on Mineral Resources , adequacy of financial provisions made by mining companies for rehabilitation , is aligned with NEMA The amendment to section 43 1 aligns the MPRDA with these pieces of legislation..

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THE 2014 TRANSITIONAL PROVISIONS

This is an important development as the definition of financial provision in the MPRDA, which only contained a general requirement for financial provision for holders of mining authorisations to undertake rehabilitation of the affected areas, has been deleted The new provision in ,..

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New financial provision regulations promulgated for mining ,

The Regulations replace the previous Mineral and Petroleum Resources Development Act, 2002 MPRDA regulations and introduce a far more onerous and detailed regulatory system in respect of financial provisions..

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Pitfalls arising from the financial provision for mining ,

Mining companies in South Africa are required to make financial provision in terms of the Mineral and Petroleum Resources Development Act No 28 of 2002 the MPRDA , read with the National Environmental Management Act No 107 of 1998 NEMA , for the rehabilitation of the mining areas on which mining activities are conducted this ...

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MINE CLOSURE FROlVI A LEGAL PERSPECTIVE PROVISIONS ,

financial provision and/or the assumption of responsibility by a third party have been made and agreed to in the EMP or closure plan to ensure acceptable post-closure management and maintenance of the rehabilitated mining area..

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Mineral and Petroleum Resources Development Amendment Bill ,

Meeting Summary The main theme of the briefings on the Mineral and Petroleum Resources Development Amendment MPRDA Bill dealt with the impact which mining activities had on communities living near mining areas, and the fact that these mining communities lacked support to engage and consult effectively with mining rights holders..

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FINANCIAL PROVISION REGULATIONS

FINANCIAL PROVISION REGULATIONS Title , This financial instrument may also not be used by an applicant/ holder for a mining permit in terms of the Mineral and Petroleum Resources Development Act 2002 MPRDA , upon the issuance of the Closure Certificate in terms of the MPRDA, such financial provision must be ceded to the Minister..

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Transition from MPRDA 2002 to NEMA Continues Mining Law ,

In terms of the MPRDA Bill, the Minister has the discretion to retain the financial provision for such period, as the Minister may determine having regard to the circumstances relating to the relevant operation, which portion and period must be determined in the prescribed manner..

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Financial Provisions for Rehabilitation and Closure in ,

4 WWF-SA Mining Financial Provisions Summary the eStIMAtIoN AND ADeqUACy oF FINANCIAL PRovISIoNS Mining companies are required under section 39 of the MPRDA to draw up an Environmental Management Plan EMP for approval by the Department..

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South Africa Mining Environmental Law Regulations ,

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 ...

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Change in regulations comes at cost for SA mines ,

The new financial provision regulations, published on 20 November 2015 under the National Environmental Management Act 107 of 1998 NEMA for environmental rehabilitation and remediation, are not completely new but are more stringent, writes Stephan ,..

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Downscaling of operations and retrenchments

Downscaling of operations and retrenchments A new approach to compliance with the provisions of the Mineral and Petroleum Resources Development Act 28 of 2002 and sections 189/189A of the Labour Relations Act 66 of 1995 There have been glimmers of hope of a recovery in the mining industry, with ...

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MINING MINERALS

The Financial Provision Regulations 2015 Regulations publication under the National Environmental Management Act 107 of 1998 NEMA in November 2015 was widely criticised in the media..

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Subtle law changes will have huge impact on mining ,

The Department of Environmental Affairs DEA has proposed an amendment to the National Environmental Management Act, 1998 NEMA , which will introduce a significant change in relation to financial provisioning and the required annual mining assessments..

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PROGRESS IN THE TRANSITION OF THE REGULATION OF ,

PROGRESS IN THE TRANSITION OF THE REGULATION OF MINING OPERATIONS ENVIRONMENTAL MANAGEMENT , THE REGULATION OF MINING OPERATIONS ENVIRONMENTAL MANAGEMENT ALERT l 4 FEBRUARY 2015 continue , MPRDA Draft Financial Provision and Closure Regulations were..

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Assuring your compliance to the new mine closure ,

to the new mine closure provisioning regulations , Financial Provision for Prospecting, Exploration, Mining or Production Operations GNR 1147 Financial , Previous financial provision requirements under MPRDA Section 41 of the MPRDA, which has subsequently been..

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Financial Provision Regulations 20Nov2015

the Regulations Pertaining to Financial Provision for Prospecting, Mining, Exploration and Production Operations the Financial , upon the issuance of the Closure Certificate in terms of the MPRDA, such financial provision must be ceded to the Minister , Financial Provision Regulations_20Nov2015docx..

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Financial Provisions for Rehabilitation and Closure in ,

section 41 2 of the MPRDA may be problematic In addition, it seemed that the standard trust documentation prescribed by the DMR purports to impose obligations on the mining entity in its capacity as beneficiary, which is problematic in law The wording of the trust deed and the , WWF-SA Mining Financial Provisions page 7..

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Proposed Regulations pertaining to the Financial ,

financial provision has remained and will have significant cost implications for mining compani Whereas under the MPRDA financial guarantees related to closure were for the most part calculated internally and reviewed by external specialists, reviewed..

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proposed changes to financial provisioning

The Bill - proposed changes to financial provisioning Note Reference to a holder of a right granted in terms of the Mineral and Petroleum Resources Development Act 28 of 2002 MPRDA refers, among other things, to a range of mining, prospecting, exploration and production activiti..

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GUIDELINE DOCUMENT FOR THE EVALUATION OF THE ,

OF THE QUANTUM OF CLOSURE-RELATED FINANCIAL PROVISION PROVIDED BY A MINE ii January 2005 Department of Minerals and Energy , and 54 promulgated in terms of the MPRDA deal with financial provision for , relate to financial provision for the mining ,..

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Financial Provisioning Regulations related to mining ,

Financial provision that was approved in terms of the MPRDA Regulations must be regarded as approved in terms of these regulations on condition that the holder review and align such financial ...

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Evolving Financial Provision Requirements For Mines In ,

With the advent of the 2016 financial year, mining companies had more questions than answers as to how the more onerous legal regime imposed on mining companies in respect of financial provision for mine closure and environmental rehabilitation in the Financial Provisioning Regulations under the National Environmental Management Act 107 of 1998 NEMA , promulgated on 20 November 2015 in ...

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12 CLOSURE, REHABILITATION AND POST MINING LANDUSE

ENVIRONMENTAL RESOURCES MANAGEMENT GAMSBERG ESIA REPORT 12-1 12 CLOSURE, REHABILITATION AND POST MINING LANDUSE In terms of the MPRDA, BMM will be required to undertake a detailed closure and rehabilitation process at the end of the life of mine..

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Overhaul of financial provision regime takes a step in the ,

The publication of the Financial Provision Regulations for Prospecting, Exploration, Mining or Production Operations by the Minister of Environmental Affairs on 20 November 2015 2015 Regulations was met with significant resistance, with the Chamber of Mines noting that it would have a crippling effect on the mining sector..

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Proposed NEMA Regs financial provision

The Proposed Regulations, which apply to a holder under the Mineral and Petroleum Resources Development Act, 28 of 2002 the MPRDA , will regulate the method for determining and making financial provision for the costs associated with the management of environmental impacts caused by mining activities and operations..

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The MPRDA Amendments Practical Implications

The MPRDA Amendments Practical Implications ELA Annual Conference 2013 Salt Rock Hotel, Balito , Financial provision , mining operation and which is stockpiled, stored or accumulated for potential re-use, or which is disposed of, by the holder of a ...

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Mining Global law firm Norton Rose Fulbright

An applicant for an environmental authorisation relating to prospecting, mining, exploration, production or related activities on a prospecting, mining, exploration or production area must make the potential prescribed financial provision for the rehabilitation, management and closure of environmental impacts..

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