There are significant power differences between groups in the South African mining industry, not least between mining and exploration companies and those overseeing the industry from a political and regulatory standpoint. The truth is that the industry as a whole remains beholden to politicians and government officials who have the power to act at will, without any effective checks and balances within mining’s regulatory regime, other than.
Afrimat acquires Gravenhage manganese mining right to further strengthen diversification cbn.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbn.co.za Daily Mail and Mail on Sunday newspapers.
Before the Mineral and Petroleum Resources Development Act came into force, the position was that the landowner was also the owner of everything that is above and below the land, including the minerals. The landowner, subject to consent in terms of the Minerals Act, had the right to mine any minerals on his or her land and could dispose of such minerals for his or her own account. The landowner also had the right to sell the mineral rights to third parties, thereby severing the ownership of the .
In anticipation of next week's Junior Indaba virtual conference, AmaranthCX director Paul Miller has updated statistics on the change in the number of listed mining companies on the JSE over time. It is not a pretty picture. (Also watch attached Creamer Media video.)
Afrimat acquires Gravenhage manganese mining right to further strengthen diversification cbn.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cbn.co.za Daily Mail and Mail on Sunday newspapers.