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ENVIRONMENTAL MANAGEMENT: MINE CLOSURE-RELATED FINANCIAL PROVISIONING
- 01 September 2023
- Environmental Law
- SA Legal Academy
The Department of Forestry, Fisheries & the Environment has extended the financial provisioning compliance deadline for certain mining-related rights and permit holders. This follows proposals released in June 2023 for comment.
Originally gazetted in November 2015, the financial provisioning regulations prescribe requirements to be met pre-mine closure for the management, rehabilitation and remediation of environmental impacts caused while a mine is operational. They include transitional arrangements that have since been amended many times.
Against that backdrop, according to a notice gazetted on 1 September 2023 certain holders of rights and permits for which applications were made before 20 November 2015 now have until 19 February 2024 to comply with the regulations.
Published by SA Legal Academy Policy Watch