Under Mining Charter III, all mining companies (ie, companies that hold mining rights granted in terms of the MPRDA) are, among other things, required to …Web

THE SUPREME COURT OF APPEAL OF SOUTH AFRICA. JUDGMENT Not Reportable. Case No: 1109/2020 . ... the DDG ignored the fact that its joint venture partner (ARM), was a black company and a shareholder in ARM Platinum which, in turn, held 83% in AMCL. ... The DDG further referred to 17 old order mining rights held …Web

Introduction. The transformation of the South African economy and inclusion of black people 1 in all sectors of the economy was one of the main priorities of the African National Congress (ANC) government that came to power in April 1994. This process started in mining, an industry with a history of only a few white conglomerates controlling mine …Web

Meeting report. Mining Charter and job creation for youths: Public Hearings involving Top 10 Mining Companies Chairperson's opening remarks The Chairperson welcomed delegates, Members and the public, and expressed the Portfolio Committee's appreciation that the leadership of the mining companies had accepted the invitation. …Web

According to the South African environmental justice human rights ... notes that in certain instances coal mining companies with political black-economic empowerment partners have also used these contacts to their advantage when applying for mining applications. Thus, civil society and local community groups have accused the …Web

The minimum black ownership target of 30% retained with some modifications: The Revised Mining Charter requires holders of mining rights to have a minimum of 30% black ownership. Holders of existing mining rights and those whose applications for mining rights are currently pending have five years to supplement their black …Web

South African mining companies say the 21 September High Court ruling curtailing ministerial powers on mine ownership with …Web

3 Feb 2017. Namaqualand, South Africa – For more than 80 years, large mines operated across Namaqualand, a remote, rocky expanse of land high up South Africa's west coast. Today, most of these ...Web

mining permit, to do small scale mining, or a mining right, to do large scale mining. Mining Permit: A mining permit gives a company or individual permission to mine a small area of land (not more than 1.5 hectares) for a specifiedperiod of up to 2 years. Mining Right:A mining right gives a company or an individual permission toWeb

Let's take a look at the consequences of this Mining Charter III judgment on the key players within and on the complex mining industry in South Africa. The Legal Status of the Mining Charter . Under Section 100(2) of the MPRDA, the Minister contended that he was empowered to make valid law through the development of the Mining …Web

South Africa ("TRC"), Truth and Reconciliat ion Commission of South Africa Rep ort (Volume 6, Section 2, Chapter 5 and 6) ( 2003) 151. R Hamann & A. Bezuidenhout,' The Mining Industry' in ...Web

Cloete, who founded an informal group of mineral rights activists known as the "Mining Fighters," has spent years petitioning the South African government to find a productive way to formalize ...Web

Black Mountain Mining. Black Mountain Mining (Pty) Ltd holds Vedanta Zinc International's South African operations, Deeps, Swartberg, and Gamsberg mines. These mines form what is known as the Black Mountain Complex. ... Gamsberg was discovered more than 40 years ago and held undeveloped in the asset portfolios of various mining …Web

South Africa May 20 2022 Mining rights and title State control over mining rights To what extent does the state control mining rights in your jurisdiction? Can those rights be...Web

Far from fostering a patic black capitalist class and a transformed mining industry, the process of cronyism supported by legislated mining policy served the …Web

Mining companies which hold mining rights granted in terms of the MPRDA, were required in terms of the Mining Charter 2010, to achieve a minimum target of 26 …Web

resources are the common heritage of all the people of South Africa and the State is the custodian thereof." The "old order" rights remained in force for a specified period of time (one to five years) and the holder of those rights must within that period apply for prospecting and mining rights. Prospecting and mining rightsWeb

[5] Both applicants are well-known mining companies. The first applicant is a wholly owned subsidiary of Anglo Platinum Mines Limited while the second applicant is a black owned company that has entered into a 50:50% joint venture agreement with the first applicant, to operate the Modikwa Platinum Mine in Sekhukhuneland.Web

You need permission from the Department of Mineral Resources and Energy to mine minerals within a certain area. This is granted by way of a mining right. A mining right may not exceed a period of 30 years. A mining right is granted if: the mineral can be mined optimally. you have the funds and expertise to conduct the proposed mining operation ...Web

IN SOUTH AFRICA" -P RICHEN- Director Mineral Rights and Title "Mineral Rights" entitle a person or entity explore and produce minerals, rocks, oil and gas found below the …Web

Founded in 2003, Ntsimbintle Holdings is a mining investment firm that Macozoma co-established with eight other Black South African groups. Initially focused on securing prospecting rights, the company evolved to become the majority shareholder of the single largest manganese mine and ore exporter in South Africa.Web

This section defines terms and concepts which are used in the Mining Charter. "BBBEE Act" means Broad-Based Black Economic Empowerment Act 2003 (Act No. 53. of 2003); …Web

BUSINESS LIVE / 15 JUNE 2018 - 17:28 / ALLAN SECCOMBE Boards must comprise 50% black South Africans, 20% of which must be black women Past empowerment deals are recognised in the newly released Mining Charter and mining companies have five years in which to top up to 30% ownership, including the …Web

During Apartheid, the mining industry operated without restraint and compromised the ecology, the health of mining workers, and local communities. The lines between the mining industry and government was often unclear with the former influencing government decisions to favour uncontrolled operations. Although new post-Apartheid …Web

Practical application: No top-up requirements for operating mining companies who, at any stage during the existence of the mining right, achieved a minimum of 26% black shareholding but the black shareholders exited prior to 27 September 2018 (commencement of Mining Charter III). 2. Ownership requirement applicable to new …Web

Black economic empowerment policy and the transfer of equity and mine assets to Black people in the South Africa's mining industry May 2021 South African …Web

In South Africa, a prospecting or a mining right is obtained by applying to the Minister of Mineral Resources and Energy (Minister). The Application must also be lodged simultaneously with the office of the regional manager of the region where the land in question is situated. Applications which have been received in the same day for the same ...Web

Corporate & Commercial Law. At a glance. South Africa's economy grew by 1.6% in Q3 2022, with the mining industry contributing to economic output by 2.1%. The Supreme Court of Appeal emphasized the importance of equitable access and transformation objectives in the mining industry, as outlined in the Mineral Petroleum …Web