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South Africa - mining, MPRDA and NUM

  • Posted on: 1 December 2008
  • By: JB

http://www.miningmx.com/grnbk08/895040.htm

MINING COMPANIES OPERATING in South Africa face a barrage of changes to their legislative environment.

From the Mining Charter to royalties, to health and safety and including environmental laws and a deeply controversial Expropriation Bill, companies are going to have to be on their toes in an environment already regarded with a great deal of suspicion by investors overseas.

The perception of SA and its mineral policies leaves it at the bottom end of a list of 68 mining countries surveyed by the Canadian-based Fraser Institute despite soothing assurances by officials from our Department of Minerals & Energy (DME) claiming its new legislation enacted in 2004 has liberalised the industry and introduced new players.

The institute says its survey acts as a “report card to governments on how attractive their policies are from the point of view of an exploration manager”.