PROPOSED EXTENTION OF DEADLINE FOR COMPLIANCE WITH FINANCIAL PROVISIONING REGULATIONS, 2015 TO JUNE 2022
Notice Title: Proposed amendment to the Financial Provisioning Regulations, 2015, as amended.
Government Gazette Notice: GN 371 in GG 44477 of 22 April 2021
Commencing date: Draft for comment by 22 May 2021
The Minister of Forestry, Fisheries and the Environment has published a notice of intention to amend the transitional arrangements contained in the Financial Provisioning Regulations, 2015, as amended (“the Regulations”). It is proposed in the notice to, once again, extend the date for existing holders to comply with the Regulations.
In terms of the proposed amendment to the Regulations holders of mining rights granted prior to 20 November 2015 will have until 19 June 2022 to comply with the Regulations, and shall, until this date, be regarded as having complied with the Regulations if compliant with the financial provisioning requirements applicable under the approved Mineral and Petroleum Resources Development Act, 2002 right.
Members of the public are invited to submit written comments or input within 30 days from the date of the publication of the Government Notice. For a copy of the Government Notice click here.
For assistance or queries please contact Emma Fourie at emma@shangoni.co.za from our Closure and Rehabilitation Department.
