INSIGHTS

Environmental and Mining / Legal Updates

NATIONAL ENVIRONMENTAL MANAGEMENT ACT (107/1998): AMENDMENT TO THE REGULATIONS PERTAINING TO THE FINANCIAL PROVISION FOR PROSPECTING, EXPLORATION, MINING OR PRODUCTION OPERATIONS

Posted 17 May 2018

The Minister of Environmental Affairs has amended the Financial Provision Regulations, 2015 in terms of section 44(aE), (aF), (aG), (aH) read with sections 24(5)(b)(ix), 24(5)(d), 24N, 24P and 24R of NEMA by the insertion of section 17A pertaining to the extension of the transitional period for holders of offshore oil or gas exploration or production rights.