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APPENDIX 7 FINANCIAL QUANTUM - SAHRA

APPENDIX 7 – FINANCIAL QUANTUM 1. LEGISLATION The relevant sections within the MPRDA (Act 28 of 2002) that deal with the financial provision are as follows: Section 41(1), احصل على السعر

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CLOSURE AND FINANCIAL PROVISION ASSESSMENT - SAHRA

The following extracts relate to the principle of closure for any right issued under the MPRDA: • Provisions related to financial provision for remediation of environmental damage (recently احصل على السعر

REVIEW AND ANALYSIS OF THE MINE CLOSURE AND

FINANCIAL PROVISION AND THE MINING CHARTER 24 CONCLUSION 25 ENDNOTES 26 BIBLIOGRAPHY 28. WWF-SA 2020 ... related aspects of mining would be removed from the احصل على السعر

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12 CLOSURE, REHABILITATION AND POST MINING LANDUSE

More specifically, Regulation 37(1) promulgated under the MPRDA requires that the quantum of the financial provision must be based on the requirements of the ... quantum of the financial احصل على السعر

What you should know about proposed new rules for

2022/3/10  What is financial provision? Mining is one of the most destructive activities for the environment and for those who depend on the environment. For this reason, there are laws designed to ensure that the احصل على السعر

Financial provisioning for environmental - PMG

CASH DEPOSIT (1) This fund is administered by the DMRE Rehabilitation Trust, established in 2003 to provide holders of prospecting and mining rights with the option to make financial احصل على السعر

THE MINING INDUSTRY PROMOTES SUSTAINABILITY

with financial provision for mine rehabilitation and closure, are compliant for purposes of the NEMA and Financial Provision Regulations. Regulation 54 of the MPRDA Regulations set out احصل على السعر

Amendments to the Mineral and Petroleum Resources

2020/4/1  Section 52(1) of the MPRDA requires a holder of a mining right, ... 2015 (“Financial Provision Regulations”) and the EIA Regulations; the residual possible latent environmental impacts are to be identified and qualified in احصل على السعر

FINANCIAL PROVISIONING REGULATIONS, 2017 - Werksmans

Resources Development Act (“MPRDA”) Regulations, 2004. The 2015 Regulations were immediately applicable to applicants financial provision to be set aside – double accounting; احصل على السعر

FINANCIAL PROVISION - sahris.sahra

Name of Quarry Mining Authorisation number Polokwane Quarry LP 30/5/1/2/2/109 MR ... MPRDA – Financial Provision Legislation According to Section 41(3) of the Mineral and احصل على السعر

Financial Provisions for Rehabilitation and Closure in South

8 WWF-SA Mining Financial Provisions Summary FINANCIAL INStRUMeNtS USeD FoR SeCURING FINANCIAL PRovISIoNS The financial rehabilitation provision required in terms of احصل على السعر

Mining Weekly - New regulations restrict use of rehab trusts

2016/4/22  There was no such limitation under the MPRDA. Existing mining right holders are, in accordance with the financial provision regulations, required to review and align existing احصل على السعر

GUIDELINE DOCUMENT FOR THE EVALUATION OF THE

The Mineral and Petroleum Resources Development Act 28 of 2002 (MPRDA) places the financial provision into context with respect to relevant constitutional ... relate to financial provision for احصل على السعر

Overhaul of financial provision regime takes a step in the

The 10-year requirement for financial provision availability. ... No 28 of 2002 (MPRDA). Furthermore, the environmental management of a mine under care and maintenance differs احصل على السعر

Financial Provisioning Regulations compliance timeframe extended

2020/1/20  In terms of the extension notice, the applicable Mineral and Petroleum Resources Development Act (MPRDA) rights holders now have until 19 June 2021 to comply احصل على السعر

MINERAL AND PETROLEUM RESOURCES DEVELOPMENT ACT

22. Application for mining right 23. Granting and duration of mining right 24. Application for renewal of mining right 25. Rights and obligations of holder of mining right 26. Mineral احصل على السعر

GNR1147 Overview: Financial Provisioning Regulations, 2015

2023/3/27  An operations financial provision is required to be audited on an annual basis (per mining right/ prospecting right/ permit) by an independent auditor registered with the احصل على السعر

Proposed overhaul of mining sector’s financial provisioning

2021/9/2  Introducing a definition for “decommissioning”, which has, to date, not been defined under the MPRDA, National Environmental Management Act 107 of 1998 ... The احصل على السعر

Concepts for the Regulations Pertaining to the Financial

function of mining managed through NEMA • Prior to 8 December 2014 - environmental aspects of mining activities were regulated in terms of the MPRDA • In 2008 - agreement to align the احصل على السعر

12 CLOSURE, REHABILITATION AND POST MINING LANDUSE

More specifically, Regulation 37(1) promulgated under the MPRDA requires that the quantum of the financial provision must be based on the requirements of the ... quantum of the financial احصل على السعر

GUIDELINE DOCUMENT FOR THE EVALUATION OF THE

The Mineral and Petroleum Resources Development Act 28 of 2002 (MPRDA) places the financial provision into context with respect to relevant constitutional ... relate to financial provision for احصل على السعر

Legal requirements for mine closure in South Africa - Mining Weekly

2023/7/6  The requirement for financial provisioning in the MPRDA has been repealed and replaced by Section 24P of the NEMA, as amended, which provides that the holder of a mining احصل على السعر

Mine closure, rehabilitation and retention of financial

Obligation to apply for closure s.43(3) • The MPRDA prescribes circumstances whena mining company must apply for a closure certificate. Many ...احصل على السعر

12 CLOSURE, REHABILITATION AND POST MINING LANDUSE

More specifically, Regulation 37(1) promulgated under the MPRDA requires that the quantum of the financial provision must be based on the requirements of the ... quantum of the financial احصل على السعر

GUIDELINE DOCUMENT FOR THE EVALUATION OF THE

The Mineral and Petroleum Resources Development Act 28 of 2002 (MPRDA) places the financial provision into context with respect to relevant constitutional ... relate to financial provision for احصل على السعر

Legal requirements for mine closure in South Africa

2023/7/6  The requirement for financial provisioning in the MPRDA has been repealed and replaced by Section 24P of the NEMA, as amended, which provides that the holder of a mining right or permit must make ...احصل على السعر

Mine closure, rehabilitation and retention of financial

Obligation to apply for closure s.43(3) • The MPRDA prescribes circumstances whena mining company must apply for a closure certificate. Many ...احصل على السعر

FINANCIAL PROVISIONING REGULATIONS, 2017 - Werksmans

Resources Development Act (“MPRDA”) Regulations, 2004. The 2015 Regulations were immediately applicable to applicants financial provision to be set aside – double accounting; احصل على السعر

Financial provisioning for environmental - PMG

permit in terms of the MPRDA; •Financial Provision, at any given time, equal to the sum of the actual costs of ... Right Type Cash Guarantees Trust Funds Total Provision Mining احصل على السعر

MINERAL AND PETROLEUM RESOURCES DEVELOPMENT

2019/10/9  Regional Mining Development and Environmental Committees (1) A Regional Mining Development and Environmental Committee contemplated in section 64(1) of the Act, احصل على السعر

Financial Provisioning Regulations, 2017 - Werksmans

2017/12/6  On 20 November 2015, the National Environmental Management Act No. 107 of 1998 (“NEMA“) “Financial Provisioning Regulations, 2015″ GNR1147 GG 39425 (“2015 احصل على السعر

Innovative financial provisioning for rehabilitation requirements

2018/11/14  The mining industry is particularly concerned with regards to some of the proposed amendments to post-closure requirements. One of the main concerns facing mining احصل على السعر

Financial Provisions for Rehabilitation and Closure in South

section 41(2) of the MPRDA may be problematic. In addition, it seemed that the standard trust ... WWF-SA Mining Financial Provisions page 7 Financial reporting of environmental risks and احصل على السعر

The transition from the Mineral and Petroleum Resources

2017/7/13  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 احصل على السعر

Overhaul of financial provision regime takes a step in the

2018/2/15  The 10-year requirement for financial provision availability. ... No 28 of 2002 (MPRDA). Furthermore, the environmental management of a mine under care and احصل على السعر

Overhaul of financial provision regime takes a step in the

The 10-year requirement for financial provision availability. ... No 28 of 2002 (MPRDA). Furthermore, the environmental management of a mine under care and maintenance differs احصل على السعر

Revisions: Replacement NEMA Financial Provisioning Regulations

2021/9/8  The definition of “applicant” no longer includes MPRDA section 11 applicants, a welcomed relief for mining related MA activity. The FP Regulations will continue to apply to احصل على السعر

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