regulations of mining companies in south africa

Tax Solutions for Mining

2021-9-25 · Challenges mining companies face. The mining industry poses some very specific challenges from a transfer pricing point of view. South African mining groups are often involved at more than one level in the supply chain. For example, the group may both mine and beneficiate the commodity in South Africa.

The Department of Mineral Resources (DMR)

2016-2-19 · The mining industry remains one of the biggest contributors to the country''s gross domestic product; however, unrest in the industry has led to stoppages in mining production that have hampered growth, according to figures released by Statistics South Africa and the South African Reserve Bank in July 2014.

Corporate Social Responsibility in South Africa''s Mining ...

2020-10-13 · important and mainstream, especially seen in the Republic of South Africa''s mining industry. South Africa is a young democracy with a multi-cultural and multi-ethnic population of about 49 million people. The country''s diversity is the basis for its nickname of ''the Rainbow Nation''. However, the legacy of apartheid is still prevalent in ...

How is South Africa''s regulatory framework supportive of ...

2020-2-3 · In 2009 South Africa introduced concessions on its tax legislation aimed at venture capital companies (VCCs), financing early stage businesses including junior mining companies. These concessions are encapsulated in section 12J of the South …

DEPARTMENT OF MINERALS AND ENERGY

2010-12-8 · The South African Diamond Board ceased to exist on 30 June 2007 and the South African Diamond and Precious Metals Regulator came into effect on 1 July 2007. The Regulator took over the mandate, current functions, staff and all assets and liabilities of the Diamond Board. The Diamond Bourse of South Africa was incorporated into the

South Africa''s Mining Industry

2020-2-17 · We take a look at a few highlights/low lights of South Africa''s mining industry as published by Statistics South Africa Exactly a week after delegates closed the 26 th Investing in African Mining Indaba, Stats SA released data on the performance of the mining …

Democratic Republic of Congo: Revision of the Mining …

After many years of discussions between the relevant stakeholders in the mining sector in the Democratic Republic of Congo (DRC), the revision of the Mining Code 1 (the Code) and its regulation 2 was adopted in 2018. The Code forms part of the trend of recent reforms of mining legislation in Africa.

COMPANIES REGULATIONS, 2011

2018-4-4 · COMPANIES REGULATIONS, 2011 The Minister of Trade and Industry intends to publish the draft Regulations, 2011 based on the Companies Act 2008 and the Companies Amendment Bill 2010 published in Gazette No 33695 of 27 October 2010. The draft Regulations are released for further stakeholder engagement, and in preparing

THE SOUTH AFRICAN LEGISLATIVE FRAME ViORK FOR …

2010-10-10 · Mining does in general have a substantial impact on the environment, and has unfortunately left South Africa with an enormous economic, social and environmental legacy. Prior to the enactment of the Minerals Act, 1991 (Act 50 of 1991), mining companies used irresponsible

Regulation of SA oil sector and a new Petroleum …

2021-9-21 · Africa Oil Week: Regulations, fiscal policy and good governance. 5 November 2019. Provide a brief overview of the current regulatory environment applicable to the oil sector in South Africa. On 7 February 2019, Total announced a major discovery of gas condensate offshore South Africa in the Outeniqua Basin (Brulpadda prospect, Block 11B/12B ...

Minerals and Mining Policy of South Africa: Green Paper ...

2021-9-22 · South Africa''s mining industry is supported by an extensive and diversified resource base, and has since its inception been a cornerstone of South Africa''s economy. ... Mining regulations will be administered consistently, while adopting an approach of guidance and advice towards small-scale miners. ... South African mining companies, equipment ...

Mining Law 2022 | Laws and Regulations | South Africa | ICLG

2021-9-13 · South Africa: Mining Laws and Regulations 2022. ICLG - Mining Laws and Regulations - South Africa covers common issues in mining laws and regulations – including the acquisition of rights, ownership requirements and restrictions, processing, transfer and encumbrance, environmental aspects, native title and land rights – in 15 jurisdictions.

A Minerals and Mining Policy for South Africa

2018-12-9 · ii. Mining is an international business and South Africa has to compete against developed and developing countries to attract both foreign and local investment. Many mining projects in South Africa have tended to be unusually large and long term, requiring massive capital and entailing a high degree of risk. iii.

Mining Safety in South Africa | Mining Safety

In 2010, according to figures released by the Department of Mineral Resources, 128 people were killed in mines in South Africa. "This was our best safety year since 2003," said Bheki Sibiya, the new CEO of the Chamber of Mines, which represents 80% of all mining companies …

Mining arbitration in Africa | Global law firm | Norton ...

International mining companies have 3 or may thus initiate arbitration proceedings for breach of the stabilization clause in the mining code or on the basis of bilateral investment treaties. Other bones of contention between state-owned entities …

Mining Companies And Section 23K

2011-12-23 · Mining Companies And Section 23K. Prior to the introduction of section 23K by way of clause 49 of the Taxation Laws Amendment Bill, Bill 19 of 2011 (the "TLAB") whether or not a taxpayer was permitted a deduction in respect of interest expenditure, hinged upon whether or not the expenditure satisfied the requirements in terms of section 11 (a ...

Alert Level 4

2020-5-6 · Alert Level 4 will be applicable from 1 May 2020 throughout the Republic of South Africa and will remain in force until a different Alert Level is declared. ... mining companies …

Companies Act: Regulations | South African Government

2021-9-26 · South African Government Let''s grow South Africa together

Mining in South Africa

2018-7-18 · Mining activities in South Africa are principally conducted using public or private limited liability companies. A private company may be incorporated by one person and generally needs only have ...

About Us | Suppliers of Mining Explosives & Initiating ...

AECI was established in 1896 and has become one of the world''s leading suppliers of explosives and initiating systems. AECI Comprises of 16 businesses complimented by production facilities and offices throughout Southern Africa, Africa, and select international regions in South East Asia, South America and Europe. AECI Mining Explosives has 58 plants and 34 sites in more than …

Mining Companies in Africa

2017-4-25 · Companies Operating in the Natural Resources Industry in Africa Africa is a hive of activity for companies dealing in mining and natural resource exploration. The list of businesses operating on the continent within this industry is extensive and fast-growing.

The MOI in South Africa

Memorandum of Incorporation in South Africa A company that existed prior to 1 May 2011 must replace their Memoranda and Articles of Association with new Memoranda of Incorporation ("MOI") before 1 May 2013. Sanctions for non-compliance include but are not limited to: The Companies Act (No. 71 of 2008) ("the Act") will override the Memoranda

What are environmental regulations on mining activities ...

2021-9-26 · The framework for mining regulation is primarily based on federal laws dating back to the late 1960s. In many cases, these regulatory responsibilities have been delegated to state agencies, which have in turn developed their own sets of environmental laws, regulations…

Environmental law and practice in South Africa: overview ...

2017-2-1 · South Africa does not have an integrated permitting system. The umbrella legislation governing pollution and environmental concerns is the National Environmental Management Act No. 107 of 1998 (NEMA) and companies must obtain environmental authorisations for listed activities under section 24 of NEMA.

4th Edition

2018-12-12 · mining industry. The mining industry in South Africa is also affected by the law of contract. The terms and conditions applicable to a prospecting right and mining right are those agreed between the Minister and the holder of the right in a notarially executed prospecting right and mining right. Furthermore, often mining companies enter into

Mergers & Acquisitions 2021 | South Africa | ICLG

2021-5-3 · South Africa: Mergers & Acquisitions Laws and Regulations 2021. ICLG - Mergers & Acquisitions Laws and Regulations - South Africa covers common issues in M&A laws and regulations, including relevant authorities and …

Mining Health and Safety in South Africa | The African ...

Mining health and safety in South Africa is governed by Act 29 of the 1996 Mine Health and Safety Act. The base premise of the act is: • To ensure owner responsibility for health and safety through creation of codes of practise, training, identifying potentially hazardous factors, investigating said factors, employing hygienists for the ...

Mining CSI

2021-9-4 · Mining CSI magazine seeks to rectify this, because the fact is that on an annual basis South African mining companies are making substantial financial investments into Corporate Social Investment via Social and Labour Plans (SLP''s) as prescribed by the Minerals and Petroleum Resource Development Act (MPRDA, 2002) in South Africa, and ...

4th Edition

Mining Law 2021 | Laws and Regulations | South Africa | ICLG

Employment relations

2021-9-21 · Representing members and mining interests in various key forums, such as Nedlac. Playing an active and leading role within the structures of Business Unity South Africa (Busa) to ensure that mining interests are fully taken into account by that body. Ongoing interaction with the leadership of the unions in the mining sector. External bodies

Mining Tax

Mining forms one of the leading industries in South Africa, playing a vital role in the economy. Due to the complexity of the South African tax laws and the impact thereof on the industry, its is necessary to have a thorough understanding of not only the tax legislation, but also the specific needs of the South African mining …

State of Mining in Africa In the spotlight

2021-8-29 · mining community and media scrutiny. Over the past 12 months, we have seen mining companies seeking to restructure their African interests either through changes in investment intent or through seeking to ring-fence African assets into separate entities to realise more value in those assets of their broader portfolio.