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September 9, 2008
Slow pace of mining right conversions worries SA govt
South African Minister of Minerals and Energy Buyelwa Sonjica on Tuesday reiterated her concern for the "snails pace of mining rights conversions", with less-than-envisaged progress having been made towards the attainment of the objectives of South Africa's Mining Charter to date.
"Less than 30% of old order mining rights have been submitted to my department for conversion. While the Minerals and Petroleum Resources Development Act (MPRDA) provides for security of tenure, submissions closer to April 30, 2009, will create unnecessary bottlenecks in processing these applications," she said in her address at the South African Mining Summit, in Johannesburg.
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Posted by StaffWriter at September 9, 2008 3:08 PM