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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 ...
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.
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 ...
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 .
Section 37A of the ITA was introduced in 2006. The primary object of the "new" section 37A was to grant a deduction from income tax to mining companies that pay cash into a rehabilitation fund which complies with section 37A. Section 37A imposes strict rules .
Apr 11, 2020· The cases have implications for mining companies who contract to companies to carry out primary production of mining activities on their land, on a dry contract basis; as well as the interpretation of the concept of mining activities in terms of Schedule 6 to the Customs and Excise Act, 91 of 1964 (the Act).
Section of the Mine Health and Safety Act, 1996 (Act 29 of 1996), as amended, prescribes that an employer must engage the services of a parttime or fulltime person qualified in occupational hygiene techniques to measure the levels of exposure to hazards at the mines in South Africa.
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 .
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 ...
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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 ...
The mining industry has been the socioeconomic bedrock of South Africa (SA) for over 100 years. However, it is only in recent decades that the issue of rehabilitating the environment around decommissioned and abandoned mines has increasingly come under the spotlight.
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, 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
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.
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.
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, .
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 ...
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Mining health and safety in South Africa is governed by Act 29 of the 1996 Mine Health and Safety Act. The base premise of the act is: To ensure owner responsibility for health and safety through creation of codes of practise, training, identifying potentially hazardous factors, investigating said factors, employing hygienists for the industry ...
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;
South Africa: Mining Laws and Regulations 2020. ICLG Mining Laws and Regulations South Africa covers common issues in mining laws and regulations – including the mechanics of acquisition of rights, foreign ownership and indigenous ownership requirements and .
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
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
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