Creecy grants rights holders extension to comply with financial regulations

• Published date: 19 May 2022
• Publication title: South African Official News

Minister of Forestry, Fisheries and the Environment, Barbara Creecy, has granted a 15-month extension to holders of rights applied for before 20 November 2015 to comply with the 2015 Financial Provisioning Regulations.

'The extension is subject to, amongst others, those holders complying with the provisions and arrangements regarding financial provisioning set in their respective rights, as issued in terms of the Mineral and Petroleum Resources Development Act, 2002.

'The affected holders of rights have until 19 September 2023 to comply,' the Department of Forestry, Fisheries and the Environment said on Thursday.

This extension has been granted as the proposed amendments to the Financial Provisioning Regulations, 2015, gazetted on 27 August 2021 for public comment, are still being finalised.

As part of the 'One Environmental System', the requirements for financial provisioning for rehabilitation in the mining sector were transferred from the Minerals and...