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Mining Financial Provision Mprda

  • 12 CLOSURE, REHABILITATION AND POST MINING LANDUSE

    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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  • MINE CLOSURE FROlVI A LEGAL PERSPECTIVE: PROVISIONS .

    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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  • 10 FINANCIAL PROVISION - ERM

    10 FINANCIAL PROVISION - ERM

    The financial provision for the environmental rehabilitation and closure of any mine and its associated mining operations forms an integral part of the MPRDA, and is addressed in Sections 41(1), 41(2), 41(3) and 45 of the Act.

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  • DEA CLARIFICATION NOTE ON FINANCIAL PROVISION .

    DEA CLARIFICATION NOTE ON FINANCIAL PROVISION .

    DEA CLARIFICATION NOTE ON FINANCIAL PROVISION REGULATIONS PUBLISHED. The Regulations Pertaining to the Financial Provision for Prospecting, Exploration, Mining or Production Operations (GN R1147 on 20 November 2015) ("the Regulations") were published on 20 November 2015 and the mining industry has raised its concerns regarding the implementation of these regulations.

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  • DMR clarifies its mine rehabilitation financial provision .

    DMR clarifies its mine rehabilitation financial provision .

    DMR clarifies its mine rehabilitation financial provision process. October 25, 2016. 0. . which had been placed under business rescue posing considerable risk to the mining sector due to significant job losses, Optimum applied in terms of section 11 of the Mineral and Petroleum Resources Development Act (MPRDA), to cede its mining right to .

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  • Proposed NEMA Regs: financial provision - South Africa

    Proposed NEMA Regs: financial provision - South Africa

    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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  • New order mining rights four years into a new mining .

    New order mining rights four years into a new mining .

    the holder of an old order mining right has the exclusive right to apply for a new order mining right within 5 years of the commencement of the MPRDA, failing which the old order mining right will cease to exist on 30 April 2009, unless this time period is extended by the Department of Minerals and Energy.

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  • A Primer – Financial Provisions for Environmental .

    A Primer – Financial Provisions for Environmental .

    No prospecting or mining for minerals, or exploration or production of petroleum resources can take place unless the financial provision is in place and an environmental authorisation has been granted.

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  • mining financial provision mprda - greenrevolution

    mining financial provision mprda - greenrevolution

    Sep 6, 2013 . financial provision as dealt with in the Bill. 3. . mining, reclamation, reconnaissance and exploration activities regulated by the MPRDA. . adequacy of financial provisions made by mining companies for rehabilitation. Read more

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  • South Africa Mining & Environmental Law & Regulations .

    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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  • Transition from MPRDA 2002 to NEMA Continues | Mining Law .

    Transition from MPRDA 2002 to NEMA Continues | Mining Law .

    The existing transitional provisions do not cover all the scenarios that require transitional regulation. For example, there is some debate as to whether a pending application to amend a mining EMP in terms of section 102 of the MPRDA is a pending application for the purposes of the National Environmental Management Act 62 of 2008.

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  • MINING & MINERALS - Cliffe Dekker Hofmeyr

    MINING & MINERALS - Cliffe Dekker Hofmeyr

    financial provision provided through financial instruments under the MPRDA with the 2015 Regulations before 20 February 2017 (Alignment Assessment). Due to the significant issues arising from the 2015 Regulations and legislative amendments required to rectify this, the DMR has conveyed that this deadline will be amended to extend

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  • The National Environmental Management Act 107 of 1998 .

    The National Environmental Management Act 107 of 1998 .

    • Financial provisions calculated and implemented under Regulation 53 and 54 of the MPRDA Regulations are regarded as having been undertaken in terms of the provisions of these Regulations only if the actions can continue to be undertaken in terms of the provision of these new Regulations.

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  • One Environmental System - ELA

    One Environmental System - ELA

    • DEA develops regulations for mining • Financial provision regulations are more comprehensive – identified the timeframe for which financial provision must be available • Financial provision is calculated on annual, end of life of mine and latent defect – assessment of each step

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  • Financial Provisions for Rehabilitation and Closure in .

    Financial Provisions for Rehabilitation and Closure in .

    The estimation and adequacy of financial provisions Having established a general understanding of the process through which financial provision estimations are generated, a broad review was conducted focused on the practice of financial provision estimation. The result of the review indicated the following areas of concern:

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  • GUIDELINE DOCUMENT FOR THE EVALUATION OF THE .

    GUIDELINE DOCUMENT FOR THE EVALUATION OF THE .

    sufficient financial provision. Officials in the DME Regional Offices are required to assess, review and approve the quantum of financial provision submitted (that is, the monetary value of the financial provision that has been computed by the holder of a prospecting right, mining right or mining permit during the annual

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  • Mining | Global law firm | Norton Rose Fulbright

    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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  • Cliffe Dekker Hofmeyr -

    Cliffe Dekker Hofmeyr - "Crippling" 2015 Mining Financial .

    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. The Chamber of Mines has stated that it could have a crippling effect on the mining industry.

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  • Evolving Financial Provision Requirements For Mines In .

    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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  • New, 'onerous' green laws could ease mines' burden | Fin24

    New, 'onerous' green laws could ease mines' burden | Fin24

    Historically, financial provisioning and rehabilitation has fallen under the Mineral and Petroleum Resources Act (MPRDA) which required mining and petroleum companies to set aside an amount of money for the management, remediation and rehabilitation of the environment as a result of mining .

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  • Mining Law 2019 | Laws and Regulations | South Africa | ICLG

    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 Resources.

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  • mining financial provision mprda - manveesingh

    mining financial provision mprda - manveesingh

    In terms of the Mineral and Petroleum Resources Development Act (Act 28 of 2002 as amended), the Minister must grant a prospecting or mining right if among others the mining "will not result in unacceptable pollution, ecological degradation or damage to the environment".

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  • South Africa adds legislation | Global law firm | Norton .

    South Africa adds legislation | Global law firm | Norton .

    New financial provision regulations promulgated for mining in South Africa. Recent changes to the laws on the financial provisions that need to be made for the future closure and rehabilitation of mining operations represent a major step in enhancing the principle of sustainable development and giving effect to the duty to rehabilitate environmental degradation.

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  • Pitfalls arising from the financial provision for mining .

    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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  • R.D. Krause, Centre for Applied Legal Studies, University .

    R.D. Krause, Centre for Applied Legal Studies, University .

    Development Act (MPRDA) requires rights holders to set aside a financial guarantee for rehabilitation. All mining right holders are required to set aside this financial provision for the discharge of their rehabilitation obligations, which can be returned to them on the issuing of a

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  • Environmental | GCS - Water, Environmental, Engineering .

    Environmental | GCS - Water, Environmental, Engineering .

    In terms of Section 41 (3) of the MPRDA, an applicant must make the prescribed financial provision for the rehabilitation or management of negative environmental impacts. GCS makes use of the Department of Mineral Resources (DMR) Guideline Document for the Evaluation of Financial Provisions made by the Mining Industry.

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  • New Financial Provision Regulations Under NEMA .

    New Financial Provision Regulations Under NEMA .

    Feb 12, 2016 · New Financial Provision Regulations Under NEMA. The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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  • National Environmental Management Act: Regulations .

    National Environmental Management Act: Regulations .

    FINANCIAL PROVISION Determination of financial provision 4. An applicant or holder of a right or permit must determine and make financial provision to guarantee the availability of sufficient funds to undertake rehabilitation and remediation of the adverse environmental impacts of prospecting, exploration, mining or production operations, as

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  • DMR clarifies its mine rehabilitation financial provision .

    DMR clarifies its mine rehabilitation financial provision .

    DMR clarifies its mine rehabilitation financial provision process. October 25, 2016. 0. . which had been placed under business rescue posing considerable risk to the mining sector due to significant job losses, Optimum applied in terms of section 11 of the Mineral and Petroleum Resources Development Act (MPRDA), to cede its mining right to .

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  • FINANCIAL PROVISION AND CLOSURE APPLICATIONS

    FINANCIAL PROVISION AND CLOSURE APPLICATIONS

    financial provision and closure applications Closure refers to the process leading to the issue of a closure certificate in terms of Section 43 of the Minerals and Petroleum Resources Development Act, 2002 (Act No 28 of 2002) (MPRDA).

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