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The Centre for Environmental Rights'' (CER''s) latest Full Disclosure report analyses disclosures by eleven listed mining companies about their financial provision for environmental rehabilitation, the money that mining companies must set aside to rehabilitate the environmental damage they cause.. Most of the information about financial provision for environmental rehabilitation is ...
The retain ing of a portion of the financial provision •when a closure certificate is issued does not align with section 43(1) of the MPRD Act. The MPRDA never made provision for retaining financial provision .
May 13, 2016· 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 Herb, the MSA Group''s environmental project manager. Previous requirements for fi nancial provision .
Financial provision for environmental rehabilitation and closure requirements of mining operations forms an integral part of the MPRDA, as was the case with the now repealed Minerals Act, 1991 (Act 50 of 1991). Section 41 of the MPRDA and regulations 53 and 54 promulgated in terms of the MPRDA deal with financial provision for
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 ...
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 ... WWFSA Mining Financial Provisions .
Financial Provision Provided by a Mine, January 2005. Table 3: Financial Provision Requirements Applicable legislation MPRDA MPRDR Directive Guideline Ensure that the quantum calculation distinguishes between those areas that can be rehabilitated concurrently and those that can only be rehabilitated upon closure. X
MPRDA •In 2008 agreement to align the environmental function of mining •Related to financial provision the agreement entailed Environmental function of mining to be regulated under NEMA –Changes were made to NEMA 24P – Financial provision .
The Centre for Environmental Rights'' (CER''s) latest Full Disclosure report analyses disclosures by eleven listed mining companies about their financial provision for environmental rehabilitation, the money that mining companies must set aside to rehabilitate the environmental damage they cause.. Most of the information about financial provision .
Financial provision for environmental rehabilitation and closure requirements of mining operations forms an integral part of the MPRDA, as was the case with the now repealed Minerals Act, 1991 (Act 50 of 1991). Section 41 of the MPRDA and regulations 53 and 54 promulgated in terms of the MPRDA deal with financial provision .
41. Financial provision for remediation of environmental damage 42. Management of residue stockpiles and residue deposits 43. Closure certifi cate 44. Removal of buildings, structures and other objects 45. Minister''s power to recover costs in event of urgent remedial measures 46. Minister''s power to remedy environmental damage in certain ...
Unlike the MPRDA and the MPRDA Regulations, the FP Regulations require that financial provision must be made for "annual rehabilitation, as reflected in the annual rehabilitation plan.final rehabilitation, decommissioning and closure of the.mining operations at the end of the life of operations, as reflected in the final rehabilitation ...
the Regulations Pertaining to Financial Provision for Prospecting, Mining, Exploration and Production Operations (the Financial Provisioning Regulations, 2015) which came into effect on the date of publication in the Gazette. ... (MPRDA). Furthermore, such contribution to a trust fund must be
The retain ing of a portion of the financial provision •when a closure certificate is issued does not align with section 43(1) of the MPRD Act. The MPRDA never made provision for retaining financial provision post closure. Holders remained liable only until a closure certificate was issued by the Minister responsible for mineral resources.
Oct 10, 2019· Regulation 53 of the MPRD Regulations provides that financial provision required in terms of section 41 of the MPRDA to achieve the total quantum for .
isolated area and this portion of the right was acquired by Mining, as the farm is located directly adjacent to several of Mining''s prospecting rights. Mining will lodge an application in terms of section 102 of the MPRDA .
The definition of an "applicant" was amended, and included a person who is required in terms of the MPRDA or NEMA to amend or replace the financial provision made in respect of any prospecting, exploration, mining .
FINANCIAL PROVISION REGULATIONS. Title: Regulations Pertaining to the Financial Provision for Prospecting, Exploration, Mining or Production Operations Government Notice: GN R1147 in GG 39425 of 20 November 2015 Date of commencement: 20 November 2015 Potentially affected controls: Annual financial provision calculation financial provision vehicle, financial provision rates, approval of ...
Dec 06, 2017· On 20 November 2015, the National Environmental Management Act No. 107 of 1998 ("NEMA") "Financial Provisioning Regulations, 2015″ GNR1147 GG 39425 ("2015 Regulations") were promulgated, resulting in a significant shift of thinking from the longstanding ''simple'' Regulation 53 and 54 process, contained in the Mineral and Petroleum Resources Development Act ("MPRDA ...
Oct 17, 2019· Unlike the MPRDA and the MPRDA Regulations, the FP Regulations require that financial provision must be made for "annual rehabilitation, as reflected in the annual rehabilitation plan.final rehabilitation, decommissioning and closure of the. mining .
Jan 20, 2020· The second draft of the ''Proposed Regulations Pertaining to the Financial Provision for the Rehabilitation and Remediation of Environmental Damage caused by Reconnaissance, Prospecting, Exploration, Mining or Production Operations'' was published for comment on 17 May 2019.
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 .
Previous financial provision requirements under MPRDA Section 41 of the MPRDA, which has subsequently been repealed, required that an applicant for a prospecting right, mining right or mining permit make a prescribed financial provision for the rehabilitation or management of negative environmental impacts before the Minister would approve
May 21, 2019· On Friday, 17 May 2019, the Minister of Environmental Affairs published the longawaited 2nd draft of the ''Proposed Regulations Pertaining to the Financial Provision for the Rehabilitation and Remediation of Environmental Damage caused by Reconnaissance, Prospecting, Exploration, Mining .
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