National Property Portfolio on Auction

National Property Portfolio on Auction
Loading

SA mineral development bill approved

December 6 2012 at 02:35pm
By SAPA

Comment on this story

RichardsBayMinerals

Independent Newspapers

File photo: Sandile Ndlovu.

Cabinet has approved the Mineral and Petroleum Resources Draft Bill for submission to Parliament.

In a statement after its fortnightly meeting, Cabinet said the bill sought to ensure the country's mineral sector was developed in a manner which promoted social and economic development.

It would strengthen provisions on cession and transfer of mining rights, streamline the administrative regulation process, and make provision for the implementation of the state's approved benefication strategy.

Cabinet said the bill would “address loopholes identified in various court judgments”. -Sapa


sign up
 
 

Comment Guidelines


  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

 IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks

Business Directory