• Financial provision regulations are more comprehensive – identified the timeframe for which financial provision must be available • Financial provision is calculated on annual, end of life of mine and latent

The mining industry in South Africa is administered by the Department of Mineral Resources, the head office of which is situated in Pretoria, South Africa and each of the nine regions of South Africa have regional offices of the Department of Mineral Resources.

derivative financial instruments and payments as well as cash management: its mismanagement can disrupt the entire company, so that the effectiveness of the internal control system has to remain a fundamental issue.

Prior to these Regulations, the required quantum for financial provision was determined through reference to Regulations 53 and 54 under the MPRDA, and the Guideline Document for the Evaluation of the Quantum of ClosureRelated Financial Provision Provided by a Mine, prepared by the Department of Minerals and Energy (as it then was) in 2005.

Financial donations were made to the Clinton Foundation and the State Department. They then transferred terrorists out of Guantanamo Bay to Switzerland. Birkenfeld lawyers Jesselyn Radack and Dean Zerby from Senator Chuck Grassleys office have confirmed this.

A brief input. •Mine closure context • Key Issues and Suggestions for MPRDA • Section 1 • Section 3 • Section 6 • A final vision

Mining Closure and Rehabilitation Plan ... The applicant for a mining permit/right must make prescribed financial provision for the rehabilitation or ... As with NEMA and NWA, there is a provision in the MPRDA (Section 45) for the DMR to direct an operation to investigate, evaluate, assess and report on the impact of any pollution or ...

"'The provision was determined in accordance with Regulation 53 and 54 of the MPRDA Regulations, 2004 and the guideline document provided by the Department of Mineral Resources. "These provisions have now been superseded by the Financial Provisioning Regulations, in terms of the NEMA 1998, which is proposed to be amended," the company said.

Other concerns were the use of various vehicles for financial provision, the content of the appendices attached to the Regulations, and the lack of clarity on transitional arrangements for timeframes for the coming into force of the Financial Provisioning Regulations for holders already complying with the MPRDA provisions.

Financial provisioning is a legislative attempt to promote a greener and healthier environment by holding mining and petroleum companies responsible for the rehabilitation of the environment ...

Stricter financial provision requirements Under the One Environmental System, NEMA will be in charge of the requirements for financial provision for the environmental impacts of mining operations. These will be more detailed and onerous than in the past under MPRDA.

MINING 2389. Provision for mining rehabilitation FEBRUARY 2015 – ISSUE 185. Mining companies generally make financial provision for rehabilitation by way of rehabilitation trusts or financial guarantees through a financial institution or with insurance policies.

"financial provision") by the Mineral and Petroleum Resources Development Act, 2008 (MPRDAA) and that financial provision for remediation of environmental damage by prospecting, mining, exploration, production and related activities

The short answer is that the current financial provision is regarded as being issued and approved in terms of the regulations (regulation 17(4)), but steps must be taken in the very near future to review the financial provision and align it with the new requirements (regulation 17(4)).

(MPRDA and NEMA) The legislative provisions which govern the mining industry's ... financial provision for the annual and final rehabilitation liability have ... customised mining rehabilitation solutions | 11 Sanlam is a leading broadbased financial