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Financial Provisions for Rehabilitation and Closure in ...

is recognised as a key element of economic development. However, as significant public resources are now required to deal with the legacy of in the Witwatersrand basins, there is growing public concern that those who profit from are not footing the bill for environmental damage caused by their operations.

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  • Mining rehabilitation funds - The SA Institute of Tax ...

    Mining rehabilitation funds - The SA Institute of Tax ...

     · Both the fund and the company pay tax where section 37A8 is triggered. The inclusion of twice the market value of all property held in the fund on the date of contravention, in taxable income, is discretionary, and the Commissioner has a discretion to reduce the amount of taxable income as he deems fit.

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  • Rehabilitation and closure in South Africa - Mining Magazine

    Rehabilitation and closure in South Africa - Mining Magazine

    In common with many other countries, holders of mining and prospecting rights in South Africa are required to provide financial guarantees for rehabilitation - which is formally achieved when documented closure commitments are met and confirmed by the issuing of a Closure Certificate by the Department of Mineral Resources.

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  • 2025. Mining rehabilitation funds - SAICA

    2025. Mining rehabilitation funds - SAICA

    Non-compliance with section 37A carries penalties - income tax is imposed on the mining company and/or the rehabilitation fund, if section 37A is contravened. In some instances, the South African Revenue Service SARS has a discretion to reduce the income tax so imposed.

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  • R49bn to rehabilitate 6 000 mines - The Mail & Guardian

    R49bn to rehabilitate 6 000 mines - The Mail & Guardian

     · It is the cornerstone of ’s environmental law. But, in the case of 6 000 abandoned being rehabilitated by the minerals department, it has failed. Subscribe to the M&G

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  • NEMA: Environmental rehabilitation law - Sanlam ...

    NEMA: Environmental rehabilitation law - Sanlam ...

     · This assessment must be audited by an independent auditor and submitted to the DMR. Wickus Botha, & metals leader at EY, said that all existing plans would have to be assessed and audited. stakeholders have taken issue with the DMR’s approach to surplus or shortfall determinations.

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  • DMR clarifies its mine ... - Mining Review Africa

    DMR clarifies its mine ... - Mining Review Africa

     · After acquiring Optimum Coal, a subsidiary of Glencore , which had been placed under business rescue posing considerable risk to the sector due to significant job losses, Optimum applied in terms of section 11 of the Mineral and Petroleum Resources Development Act MPRDA, to cede its right to Tegeta, a request which ...

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  • Mine Closure and Rehabilitation: Centre for ... - South Africa

    Mine Closure and Rehabilitation: Centre for ... - South Africa

     · The fund could work here if there was co-operation. Ms Catherine Horsfield, CER Head, added that with the Tormin case this was a matter of jurisdiction and it was clear it was DMR and DEA that had accountability on the matter. Nkosi …

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  • Full Disclosure – The Truth About Mining Rehabilitation in ...

    Full Disclosure – The Truth About Mining Rehabilitation in ...

     · Full Disclosure – The Truth About Mining Rehabilitation in South Africa. The Centre for Environmental Rights CER, an OSF-SA grantee, recently released a series of reports entitled ‘Full Disclosure – the truth about mining rehabilitation in South Africa’. The reports analyse the extent to which South African mining companies accurately reflect their environmental compliance records, and their …

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  • Oxpeckers | R60-billion held for mines that are never closed

    Oxpeckers | R60-billion held for mines that are never closed

    A data-driven investigation shows that nearly R60-billion is being held in funds for the of across . Mpumalanga, the country’s most important coal- province, alone holds more than R17-billion.

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  • mining rehabilitation in south africa

    mining rehabilitation in south africa

    All environment jobs on Careerjet.co.za, the search engine for jobs Mirror April 2012 - 0066 At the second and closure conference in Gauteng, , recently, Michael Oberholzer, chief director: mineral regulation and ...

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  • Mining Rehabilitation | Healing Africa Foundation

    Mining Rehabilitation | Healing Africa Foundation

    The legacy of across is simply of a one-sided system of extraction, with the value being dispersed primarily to interests beyond where the resources were found. This is a legacy that is ready to receive an opportunity to make amends and Share the true value back into the land and people it was taken from.

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  • Mining Insurance - Price Forbes Pty South Africa

    Mining Insurance - Price Forbes Pty South Africa

    We provide insurance solutions for the , minerals and metals production industries based and globally. [email protected] +27 0 10 003 7366

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  • Creative mine rehabilitation in South Africa leaves ...

    Creative mine rehabilitation in South Africa leaves ...

     · The bottom line is that by being creative, the industry in the form of BHP, in collaboration with Iziko Museum of have created an inspiring legacy that will benefit researchers for decades to come, as the remaining fossil deposits are likely to harbour more exciting discoveries as further excavations are undertaken.

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  • Mine Closure Consultants | Reclamation & Development | SRK

    Mine Closure Consultants | Reclamation & Development | SRK

    Since the early 1990s, with the advent of strong local legislation for mine reclamation, mine closure planning has become of paramount importance to companies. Our combination of internationally recognized experience in all issues and 30 years in mine closure makes us the partner of choice for this planning.

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  • Tackling the transparency of mine rehabilitation in South ...

    Tackling the transparency of mine rehabilitation in South ...

    Tackling the transparency of mine rehabilitation in South Africa South Africa’s mining laws. South African law requires mining companies to set aside funds at the outset of a project... CER’s Full Disclosure findings. The result of this vagary is evident in the Full Disclosure report Lonmin, MC ...

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  • A review of problems and solutions of abandoned mines in ...

    A review of problems and solutions of abandoned mines in ...

    As a result of ’s long history of , the country has many abandoned that are currently the major source of various environmental and social problems. This review looks at the general problems of abandoned and the efforts made towards …

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