Cape Town, South Africa — 28 May 2012 – South African Mines minister Susan Shabangu says the review of the Mineral and Petroleum Resources Act (MPRDA) will not seek to introduce any major policy shifts.
Miningmx reports that, addressing the National Council of Provinces, Shabangu said the main purpose of the review was to improve the current construction of the Act…and support the beneficiation strategy.
“We do not seek to introduce any major policy shifts in respect of exploration and exploitation of South Africa’s mineral resources,” she said. “We do, however, have to consider beneficiation policy to ensure that companies avail the requisite mineral inputs to the local beneficiators,” she added.
“In this regard, a lot of work still needs to be done to ensure that the industry contributes to the realisation of the constitutional promise of ‘a better life for all’,” Shabangu continued. She said her department had held public consultations in various provinces to inform on the envisaged amendments.
“This consultation process is almost complete and I will table these amendments in cabinet by July,” she concluded.
Source: Miningmx. For further information, click here.