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  • Mining Charter 2018 hoganlovells

    new mining right must have a minimum of 30% BEE shareholding that must include economic interest plus corresponding percentage of voting right per mining right or in the mining company which holds a mining

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  • Why mining communities will take government to court

    companies and the government are ignoring the interests of the communities that should be benefiting from mining, writes the author. Now civil society organisations intend to take legal action.

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  • Mining Charter III The Best, the Worst, and the Still

    this, mining companies would earn points for capital invested, minerals produced, jobs provided, profits earned, dividends declared, and contributions made to

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  • Relying on High Courts empowerment guidance may be folly

    WHEN the Mineral and Petroleum Resource Deveopment Act (MPRDA) came into force in 2002, existing mining companies were compelled to sell 26% equity to South African black or empowered investors.Unempowered mining companies would lose their mining rights the legal basis on which companies conduct mining activities and acquire ownership of the mined ore.

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  • Mineral and Petroleum Resources Royalty

    The old Mineral and Petroleum Resources Payment advice (MPR2) and Mineral and Petroleum Resources Return (MPR3) have been incorporated into one Mineral and Petroleum Resources Return (MPR3), to declare you must complete the new Return (MPR3).

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  • Summary MPRDA Amm Bill Tax Haven Mining

    By enforcing the Charter Compliancy Implementation from the 1st of May 2014.1st May 2014 CHARTER COMPLIANCE YEAR FOR ALL MINING COMPANIES 1ST OF MAY 2014 ALL MINING COMPANIES SHOULD HAVE BEEN CHARTER COMPLIANT as per section 100(2)(A) of the MPRDA All mining stakeholders that adhere to Section 100 (2)(a) of the Mineral and Petroleum Resources

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  • MINING amp MINERALS cliffedekkerhofmeyr

    companies below the 26% BEE ownership threshold. IN THIS ISSUE 5 APRIL 2018 1 MINING amp MINERALS ALERT 5 April 2018 MINING amp (MPRDA) that that the grant of a mining right applied for in terms of section 22 of the MPRDA will further the objects referred to in section 2(d) and (f) of

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  • South African Mining Development Association

    African Mining Development Association Submission to the Portfolio Committee on . Trade and Industry. representative of the interests of junior mining companies on several fronts, soon became apparent. of the MPRDA. Section 26 (1) The Minister may

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  • The 2018 Mining Charter Energy and Natural Resources

    Oct 08, 2018018332The 2018 Mining Charter seeks to vest a new power in the hands of the DMR to regulate the disposal of BBBEE related shareholding, a power currently not afforded to it in the MPRDA. The 2018 Mining Charter also requires 50% of the BBBEE shareholding to vest within two thirds of the duration of the right.

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  • Mining industry welcomes withdrawal of controversial MPRDA

    mining industry was concerned about the proposals in the Bill which left important aspects of regulations to be promulgated by the minister especially the one requiring mining companies

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  • Mining Charter 2018 hoganlovells

    new mining right must have a minimum of 30% BEE shareholding that must include economic interest plus corresponding percentage of voting right per mining right or

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  • MPRDA Amendment Bill in limbo, but processes crucial

    Beech explains that the key benefits are that the stakeholders and, in particular the mining companies, can include anticipated costs of compliance in budgets and staffing requirements, and begin

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  • Mineral and Petroleum Resources Development Amendment

    report. Chairpersons opening remarks. The Chairperson welcomed presenters and said that the Mineral and Petroleum Resources Development Amendment (MPRDA) Bill was a crucial piece of legislation that had to be finalised urgently.

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  • Mining companies on mass retrenchment drive NUM NEWS

    NUM statement declares war on the current retrenchments waged by the Mining Industry 04 June 2015 The National Union Mineworkers (NUM) is concerned by the current coordinated mass retrenchment drive by major companies in the mining industry, this with underlying deliberate circumvention of current regulatory framework as stipulated by Section 52 of the MPRDA 2002.

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  • Section 52 of MPRDA a ticking time bomb in terms of labour

    Section 52 of the Mineral and Petroleum Resources Development Act (MPRDA), which states that the holder of a mining right is required to give notice to the Mineral Resources Minister in the

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  • Mineral and Petroleum Resources Development Amendment Bill

    Summary. The main theme of the briefings on the Mineral and Petroleum Resources Development Amendment (MPRDA) Bill dealt with the impact which mining activities had on communities living near mining areas, and the fact that these mining communities lacked support to engage and consult effectively with mining rights holders.

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  • South Africa's cabinet approves new mining charter

    20, 2018018332South Africa's cabinet approved a longdelayed mining charter that sets out requirements for black ownership levels and backed the withdrawal of a mining bill after industry opposition, a minister

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  • Mantashes revised Mining Charter illegal heres why

    2018 draft charter is thus ultra vires the MPRDA and invalid in its entirety. Under the initial 2004 charter, mining companies were, of course, expected to transfer 26% of their equity or assets to historically disadvantaged South Africans (HDSAs) by the end of 2014.

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  • Does the mining industry have a future in South Africa?

    the mining industry have a future in South Africa? Investor confidence waned, as demonstrated by South Africas ever declining Policy Perception Index in the Fraser Institutes Annual Survey of

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  • LAW Mining Prospectus

    The MPRDA exempts listed mining companies from obtaining Ministerial consent if the listed company undergoes a change in control. In terms of the Bill, Ministerial consent will be required in relation to listed mining companies, if there is a change in control.

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  • Mining Law 2019 Laws and Regulations South Africa ICLG

    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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  • A new regulatory regime for the SA mining industry is

    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.

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  • Mining Tax Recommendations Tax Services Deloitte

    Contract mining. The mining industry has seen the entry of many contract miners over the years. However, from an income tax perspective, contract miners are not afforded the same tax incentives as mining companies in possession of mineral rights albeit conducting the exact same activities.

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  • Mineral and Petroleum Resources Development Bill

    MPRDA exempts listed mining companies from obtaining ministerial consent if the listed company undergoes a change in control. In terms of the MPRDA Bill, ministerial consent will be required in relation to listed mining companies, if there is a change in control.

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  • Heres what you need to learn about S MINING

    Mining companies will be interested in the recently published SARS binding private ruling (BPR 239) which confirms that expenses incurred by mining companies for employee housing can be

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  • Mining Charter not enforceable under the MPRDA

    Mining Charter is no longer an enforceable part of the MPRDA Act which brings some welcome relief to South Africas mining industry.

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  • The South African mineral and petroleum resources royalty

    permits, retention permits or mining rights for minerals. Production rights for petroleum. The definition of a mineral resource is as defined in Section 1 of

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  • New order mining rights four years into a new mining

    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 Practical Guide for MiningAffected Communities

    After a mining company findsminerals and decides that it wants to mine in an area, it can apply to the Minister of Mineral Resources for either a mining permit, to do small scale mining, or a mining right, to do large scale

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  • MINERAL AND PETROLEUM RESOURCES DEVELOPMENT

    mining industry through the MPRDA, the first decade since promulgation of the Act has provided the benefit of jurisprudence on the basis of which inherent weaknesses are being addressed.

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