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New Mineral Rights Bill 11-Sept-01

Summary: Government wants ownership of mineral rights to revert to the state, the practice in most other countries. The main reason is to give better access to black companies. Previous versions of the bill were strongly interventionist. The latest draft of the bill is less so, but there are still areas of uncertainty.

Positive developments: There is, generally less onus of proof on the existing owners than before in respect of several issues. The bill also makes explicit mention of the need for the minister to adhere to the requirements of the Promotion of Administrative Justice Act. The discretionary powers of the minister are also significantly curtailed in other respects.

Remaining concerns: The new bill still requires existing holders of rights to submit a "social plan", which may entail limits on retrenchments, if they are to keep their mineral rights.

 

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e c o n o m e t r i x 25-Sep-01