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Environmental and Mining / Legal Updates

NATIONAL ENVIRONMENTAL MANAGEMENT ACT (107/1998): PROPOSED FINANCIAL PROVISION REGULATIONS

Posted 15 December 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 were invited to provide written comments within 30 days of the date of publication of this notice.