The Mining Charter requires that mining companies have 26% ownership by historically disadvantaged South Africans (HDSAs) by the end of 2014. It also requires that a substantial proportion of ...
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ACKNOWLEDGING that South Africa's mineral and petroleum resources belong to the nation and that the State is the custodian thereof; ... Transferability and encumbrance of prospecting rights and mining rights (1) A prospecting right or mining right or an interest in any such right, or a controlling interest in a company or close corporation ...
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Amid electricity and logistical constraints, as well as an increase in crime and corruption, the mining sector contributed only 6.3% to South Africa's GDP in 2023, down from 7.3% in 2022 ...
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South Africa's mining industry has long been the backbone of the country, renowned for its vast reserves of precious metals and minerals. Recent trends and events have raised questions about the future of the industry and its ability to compete globally. These trends include fluctuating commodity prices and enterprise valuations, challenges ...
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South African rights to prospect and mine are granted for a fixed duration in terms of the Minerals and Petroleum Resources Development Act 28 of 2002 (MPRDA). Prospecting rights are granted for a maximum period of five years, renewable for a further single period not exceeding three years, and mining rights are granted for a maximum period of 30 years, renewable for further …
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Mining rights registered in the Mineral and Petroleum Titles Registration Office constitute limited real rights in the land covered by the mining right. SECTION 11: TRANSFERABILITY AND ENCUMBRANCE OF RIGHTS UNDER THE MPRDA A prospecting right, mining right or an interest in any such right, or a controlling interest in a company or close
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The South African mining industry contributed 6% of the country's total nominal GDP during the first three quarters of last year. In money terms, this amounted to R432.7-billion. So highlighted ...
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In South Africa, the granting of rights and permits related to mining is governed by the Minerals and Petroleum Resources Development Act 28 of 2002 (MPRDA). Mining Permit: A mining permit allows a company or …
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in mining operations, the company or individual will apply for a Reconnaissance Permission from the Minister of Mineral Resources. See above. Although South Africa has vast amounts of petroleum (which includes gas), a moratorium has been instituted in 2014 to a vast area of South Africa (see pictures below).
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If South Africa's mining industry wanted to remain healthy, it should continue to invest in greener mining practices and explore new mineral resources. Some good news amidst the hurdles The mining sector is facing a lot of challenges, but industry experts are confident about its future.
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Previous research conducted across eight operations in the South African mining industry revealed that over half of the sample of 875 participating mineworkers usually obtained less than 6 hours of sleep in the 24 hours before a work shift, and 31% reported having occasionally fallen asleep at work (Hodgskiss et al., 2015). Although this sample ...
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Minimum value must be less than maximum. Min: Max: Any Min; $50,000; $100,000; $150,000; $200,000; $300,000; $500,000; $750,000; $1,000,000; ... My client is looking for an Investor for his Gold Mining operation in South Africa. ... **Proposal for the Sale of Coal Mining Rights** **To: Prospective Buyer/Investor **Introduction** We are ...
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The MPRDA is the primary legislation governing mining rights in South Africa. It sets out the requirements and procedures for obtaining, maintaining, and transferring mining rights, as well as the environmental, …
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The South African Human Rights Commission (SAHRC) is investigating the police for restricting the miners' essential supplies, such as food, water, and medication, which may have resulted in the ...
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In a landmark event set for 2025, African government leaders, industry stakeholders, and key figures in the mining sector will gather for the Ministerial Symposium, a critical platform aimed at advancing collaboration, addressing challenges, and fostering sustainable growth in Africa's mining industry.
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CMS is an international law firm with a specialised team of lawyers for Mining Law in South Africa. Learn more here and do not hesitate to get in contact! Open/Close navigation. CMS law.tax.future. Expertise ... mineral rights and titles, including licensing, prospecting, mining, royalty and development agreements;
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In this article, we will provide a comprehensive guide to Section 11, explaining its significance, requirements and implications for those seeking to transfer mining rights in the country. Understanding Section 11 of the MPRDA 1. The Purpose and Importance of Section 11. Section 11 of the MPRDA serves as a crucial component of South Africa's ...
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JOHANNESBURG (AP) — South Africa's government says it won't help a group of illegal miners inside a closed mine in the country's North West province who have been denied access to basic supplies as part of an official strategy against illegal mining.. The miners in the mineshaft in Stilfontein are believed to be suffering from a lack of food, water and other basic …
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Illegal mining is a critical challenge in the South African mining and minerals industry. The South African government previously recognised the potential of small scale mining operations to increase the portfolio of minerals being produced and possibly lead to the exploitation of resources that would otherwise be sterilised. Continue reading!
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The experience of over 150 years of mining in South Africa has shown that it is marginalised mining affected communities, particularly women, who subsidise large-scale mining operations. Between 2007 and 2018 the industry reported net profits of R221 Billion Rand.
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Results reported in this announcement have confirmed both strike and down-dip continuity of previously intersected high-grade copper mineralisation, highlighting the potential for further upside ...
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A mining right may not exceed a period of 30 years. A mining right is granted if: the operation is in line with the Mining Charter. Apply for environmental authorisation at the same time. Pay the non-refundable application fee. If the system accepts the application, you will be notified.
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The South African government has implemented financial incentives to expedite the shift to renewable projects. Nevertheless, enhanced subsidies and regulatory structures are necessary to facilitate extensive adoption. The mining sector in South Africa demonstrates that sustainability and profitability may coexist.
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Prospecting rights are granted for a maximum period of five years, renewable for a further single period not exceeding three years, and mining rights are granted for a maximum period of 30 …
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Despite the South African mining industry having recorded two months of decline in production across some sectors such as coal and iron-ore, Mineral and Petroleum Resources Minister Gwede Mantashe ...
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Mining Rights Act, 1967. Act No. 20 of 1967. South African Act
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Prospecting rights are granted for a maximum of five years and are subject to renewal. Prospecting rights holders must ensure timely renewal and compliance reporting as required by the DMRE and other regulatory authorities.
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In South Africa, the Mineral and Petroleum Resources Development Act 28 of 2002 ("MPRDA"), is the primary regulatory framework for the exploitation of mineral resources in South Africa. The MPRDA was established against the …
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The legal dispute resolution process regarding land ownership and mining rights in Africa plays a significant role in aiding conflict resolution between property owners and mining companies.. In South Africa, the Section 54 dispute process is an essential mechanism that involves mediation by the Department of Mineral Resources manager to address conflicts over …
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South Africa has a rich history of mining, which has played a major role in its economy for over a century. However, in recent years, the country has faced economic challenges, such as slow growth, high unemployment, …
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Illegal artisanal gold mining in South Africa is in the spotlight again. Under Operation Vala Umgodi ("plug the hole"), South African authorities have since December 2023 been trying to disrupt the illicit gold mining economy by cutting off water, food and other supplies to the miners working underground.
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