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South Africa’s mining minister freezes mining transactions

July 20, 2017
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Home Mineral rights

South Africa’s mining minister freezes mining transactions

by Matimu Mahundla
July 20, 2017
in Mineral rights
0

South Africa's Mineral Resources, Minister Mosebenzi Zwane, has been faulted for fissures in the relationship between the government and mining companies

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 South Africa’s Mineral Resources Minister, Mosebenzi Zwane, has stunned mining and exploration companies again, by gazetting a proposal to restrict the granting of new mining and permitting rights, as well as the transfer of mineral rights between companies.
In the gazette, Zwane says the move to put a moratorium on mining rights is aimed at promoting the sustainable development of the natural resources and safeguard national interest.

However, Zwane clarifies:  “The intended restriction shall not be applicable to applications received and accepted before the date of publication of this notice, subject to the condition that such application, if granted, shall not immediately upon granting subject the right holder to the requirements of the Mining Charter 2017.”

Meanwhile, Mosebenzi Zwane is inviting interested parties to make representations on his proposal.

Tags: Mosebenzi Zwane
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Matimu Mahundla

Matimu Mahundla

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