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ARTICLE · 13 JUNE 2013

Far-Reaching Amendments To The Mineral And Petroleum Resources Development Act Proclaimed

The Mineral and Petroleum Resources Development Act No. 28 of 2002 has been amended and the amendments will come into force on Friday 7 June 2013.

CanadaEnergy and Natural Resources

The Mineral and Petroleum Resources Development Act No. 28 of 2002 ("MPRDA") has been amended and the amendments will come into force on Friday 7 June 2013.

We briefly set out below some of the key changes which will impact on the South African mining sector.

1. Transferability and encumbrance of prospecting and mining rights

Currently section 11 of the MPRDA provides that a prospecting right or mining right or an interest in any such right, or a controlling interest in a company or close corporation, may not be ceded, transferred, let, sublet, assigned, alienated or disposed of without the written consent of the Minister, except in the case of a change of a controlling interest in listed companies.

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