This is a critical time for SA’s mining industry. SA’s precipitous decline in the Fraser Institute rankings, a flawed BEE policy driving populist pressures for mine nationalisation, coupled with the increased assertiveness of African Exploration do not, at first sight, paint a pretty picture. At the same time, the DMR’s introduction of a new mining cadastre system, the continuing audit of rights by the DMR and the prospect of significant amendments to the MPRDA this year may well presage a better future for the mining industry over the next year. via www.businessday.co.za Not like Peter Leon to be this positive - there must be substance to what he says.
It was premature. There was no way the anc was going to listen to logic or reason from the mining sector. It took WaBenzi Zwane about 7 years later to force the mines to start litigating. Litigation worked. Then we got Gwedosaurus. Forwards never, backwards forever.
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October 2011
This is a critical time for SA’s mining industry. SA’s precipitous decline in the Fraser Institute rankings, a flawed BEE policy driving populist pressures for mine nationalisation, coupled with the increased assertiveness of African Exploration do not, at first sight, paint a pretty picture. At the same time, the DMR’s introduction of a new mining cadastre system, the continuing audit of rights by the DMR and the prospect of significant amendments to the MPRDA this year may well presage a better future for the mining industry over the next year.
Not like Peter Leon to be this positive - there must be substance to what he says.
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