mprda regulations financial provision



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mining financial provision mprda

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and closure requirements of mining operations forms an integral part of the MPRDA, as was the case with the now repealed Minerals Act, 1991 Act 50 of 1991 Section 41 of the MPRDA and regulations 53 and 54 promulgated in terms of the MPRDA deal with financial provision for get price...

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mprda regulations financial provisioning

Jan 08 2019 0183 32 MPRDA Regulation 53 sets out the methods vehicles for the financial provision and includes a trust a financial guarantee a cash deposit or any other method as the Director General may determine this included insurance products for a period MPRDA Regulation 54 sets out the methodology for determining the quantum of the financial provision,...

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Publication of amendments to the MPRDA regulations for ,

01-04-2020 0183 32 The Amended Regulations amend regulation 42 of the MPRDA Regulations pertaining to the submission of a social and labour plan SLP , to make provision for ,...

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Financial Provision Regulations

Financial vehicles used for financial provision 9 General requirements for financial provision 10 Determination of financial provision by applicant 11 Review, assessment and adjustment of financial provision by the holder of a right or permit 12 Preparation and submission of plans and reports...

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AMENDMENTS TO THE FINANCIAL PROVISIONING REGULATIONS, 2015 ,

11-10-2021 0183 32 In the meantime, compliance to the MPRDA, as well as the regulations thereunder, must be ensured with regards to financial provisioning Persons who submitted an application for a mining right or permit and obtained such right or permit after 20 November 2015 are, however, obliged to ensure compliance to the Regulations...

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Dmr guideline for financial provision

In addition to regulations on MPRDA dealing with financing, both quantum and methods for financing are dealt with in MPRDA regulations As specified below, the procedure for providing financially specified in MPRD regulations does not specifically mention insurance or cash, although the definition of financial provision in section 1 of the ,...

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Financial Provision Regulations 2019

03-10-2019 0183 32 MPRDA Regulation 53 sets out the methods vehicles for the financial provision and includes a trust, a financial guarantee, a cash deposit, or any other method as the Director General may determine this included insurance products, for a period MPRDA Regulation 54 sets out the methodology for determining the quantum of the financial provision...

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SOUTH AFRICA MINING 2020 Africa notes

17-10-2019 0183 32 Prior to 2 September 2014, financial provisioning was regulated by section 41 of the MPRDA read with regulations 53 and 54 of the MPRDA Regulations These sections and regulations required that a mining right applicant make financial provision for rehabilitation of negative environmental impacts arising from their mining activiti...

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New Financial Provision Regulations Under NEMA ,

12-02-2016 0183 32 Prior to these Regulations, the required quantum for financial provision was determined through reference to Regulations 53 and 54 under the MPRDA, and the Guideline Document for the Evaluation of the Quantum of Closure-Related Financial Provision Provided by a Mine, prepared by the Department of Minerals and Energy as it then was in 2005...

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MPRDA regulations widen the obligation to consult Webber ,

We note, however, that the Financial Provision Regulations, 2015 have been specifically amended to say that any right or permit holder if applied for prior to 20 November 2015 , must continue to calculate financial provisioning under the MPRDA regime until 19 June 2021...

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Compliance with Financial Provisioning Regulations for ,

10-10-2019 0183 32 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 ,...

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Financial Provisioning Regulations compliance timeframe ,

20-01-2020 0183 32 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 with the Financial Provisioning Regulations and shall, until this date, be regarded as having complied with the Financial Provisioning Regulations if compliant with the financial provisioning requirements applicable under ,...

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Financial Provisioning Regulations related to mining ,

22-03-2016 0183 32 Any financial provision submitted in terms of regulations 53 and 54 of the MPRDA Regulations for which approval is pending or under review ,...

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mining financial provision mprda

FINANCIAL PROVISION REGULATIONSShangoni This financial instrument may also not be used by an applicant/ holder for a mining permit in terms of the Mineral and Petroleum Resources Development Act 2002 MPRDA Furthermore, such contribution to a trust fund must be established by a deed of trust and must comply with the requirements set out in ,...

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Mining Financial Provision Mprda

mining financial provision mprda skts 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 ,...

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mining financial provision mprda

31-07-2020 0183 32 Financial Provision Regulations 2019- Publications Jan 08, 2019 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 or production operations as a result of an application for consent to cede, transfer, assign, alienate or ,...

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mining financial provision mprda

New financial provision regulations under NEMA Clyde amp Co en Feb 9 2016 Exacting requirements for the mining industry and an alert for environmental quot to regulate the determine sic and making of financial provision as through reference to Regulations 53 ,...

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New financial provision regulations under NEMA

09-02-2016 0183 32 Prior to these Regulations, the required quantum for financial provision was determined through reference to Regulations 53 and 54 under the MPRDA, and ,...

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FINANCIAL PROVISION REGULATIONS

Any financial provision submitted in terms of regulations 53 and 54 of the MPRDA Regulations for which approval is pending or under review when these regulations came into effect, must be dispensed with in terms of regulations 53 and 54, as if those regulations were not repealed...

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Financial Provision Regulations 2019

Introduction There has been significant debate amongst key stakeholders including government, mining companies, and environmental lobbyists regarding how mining companies should not only be held accountable for mine closure but also how the often vast...

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DRAFT REVISED FINANCIAL PROVISIONING REGULATIONS, ,

Regulations, as set out above, the fact that latent impacts as defined in the MPRDA Regulations will not be covered by the Draft Regulations, is unacceptable and not supported , The proposed deletion of Regulation 16 of the Financial Provision Regulations, 2015...

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mining financial provision mprda

mining financial provision mprda Financial Provisioning Regulations Mining Review Jan 20, 2020 On 17 January 2020, the long-awaited notice extending the transitional timeframe for compliance with the Financial Provisioning Regulations, 2015 was published by Minister of Forestry and Fisheries and Environmental Affairs Barbara Creecy...

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