PROPOSED FINANCIAL PROVISION REGULATIONS

MacRobert wishes to draw your attention to the following important notice
published on 10 November 2017

Notice	1228
Gazette	41236
Date	10 November 2017

The Minister of Environmental Affairs has given notice of her intention to make regulations in terms of sections 44(aE), (aF), (aG), (aH) read with sections 24(5)(b)(ix), 24(5)(d), 24N, 24P and 24R of the NEMA. The purpose of these Regulations will be to regulate the determination and making of financial provision for costs associated with the undertaking of management, rehabilitation and remediation of environmental impacts from prospecting, exploration, mining or production operations. These Regulations will repeal the Financial Provisioning Regulations, 2015.

Members of the public are invited to provide written comments within 30 days of the date of publication of this notice (i.e. on or before 11 December 2017).

For any queries you are welcome to contact our environmental and mining law division:

Kenneth Cameron

(012) 425 3514
kcameron@macrobert.co.za

Caroline Pepermans

(012) 425 3522
cpepermans@macrobert.co.za

Ngeti Dlamini

(012) 425 3622
ndlamini@macrobert.co.za