n Without Prejudice - Another kick in the slats for mining? : insurance & mining law
|Article Title||Another kick in the slats for mining? : insurance & mining law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Author||Sandra Sithole and Justin Malherbe|
|Publication Date||Dec 2009|
|Pages||23 - 24|
The Department of Minerals and Energy has recently suspended the practice by some mining companies of using insurance coverage as a method of meeting their rehabilitation obligations in terms of the Mineral and Petroleum Resources Development Act 28 of 2002, (the MPRDA). This decision has been met with an uproar from the mining sector, particularly from junior mining companies which contend that this could potentially limit projects by junior firms financially incapable of providing security in other more acceptable forms.
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