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28 Aug 2008 06:00
The recent tabling before Parliament of the Mineral and Petroleum Resources Development Act completes a process of minerals and mining policy reformulation that has taken almost a decade to come to fruition.
It has involved consultation with role players in South Africa’s minerals industry. The state’s involvement in the industry is of a complementary and supportive nature.
It seeks to provide and maintain:
The Act, under which the Broad-Based Socio-Economic Empowerment Charter for the South African mining industry was developed, was promulgated in May 2004.
The process of getting the Bill through Parliament, which has taken about five years to negotiate and draft, is now almost complete.
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