No clarity on funding drawdown for mine rehab – Joburg Indaba

September 27, 2017

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There is no clarity on the way that mining companies can drawdown from their financial provision vehicles to undertake mine rehabilitation, the Joburg Indaba Breakfast heard on Wednesday during a discussion on the new National Environmental Management Act (Nema). Chaired by mining luminary Bernard Swanepoel, the meeting was told that the withdrawal of excess funds from mine rehabilitation trusts is to continue to be disallowed, after failing to make the list of many proposed amendments to Nema’s financial provision regulations of 2015.

Category: General