HomeBase MetalsSA Regulatory reforms ready in mid-2011

SA Regulatory reforms ready in mid-2011

DMR director-
general Sandile
Pretoria, South Africa — MININGREVIEW.COM — 13 December 2010 – The Department of Mineral Resources (DMR) has revealed that its proposed regulatory reforms are planned to come in to effect in mid-2011.

Central to the reforms is the objective of removing the ambiguities in the Mineral and Petroleum Resources Development Act (MPRDA), as well as refining other aspects, such as procedures relating to consultation.

“It is critical for us to reform the law and to take into account the areas of weakness in our regulatory framework. It is important for potential investors to see that there is stability and that terms of engagement are very clear,” said DMR director-general Sandile Nogxina.

The announcement came after the department had met here with its key stakeholders in business and labour. Under the auspices of the Mining Industry Growth, Development and Employment Task Team (MIGDETT) the members discussed strategies for sustainable growth and transformation.

“Industry bodies, represented by the Chamber of Mines of South Africa and the South African Mining Development Association, and labour, represented by the National Union of Mineworkers, deliberated on progress by the smaller task team in areas including exploration, innovation, infrastructure and human resources development,” said spokesperson Zingaphi Jakuja.