Mineral and Petroleum Resources Development Act, 2002 and its Amendment Bill 2012

The Mineral Resources and Petroleum Bill requires affected companies to disclose Social and Labor Plans to government, describing how they will address the social impacts of their operations during and post operation.

Issuer name

Department Mineral Resources

Government ministry

Environment

More information

The amendment seeks to (disclaimer, this list is shortened to relevant disclosure/transparency matters): to provide for the regulation of associated minerals, partitioning of rights and enhance provisions relating to beneficiation of minerals; to promote national energy security; to streamline administrative processes; to provide for enhanced sanctions; to improve the regulatory system; and to provide for matters connected therewith.

Organizations covered by the instrument

Large private and listed companies

Target organization notes

Applies to the Mineral Resources and Petroleum industries

Disclosure venue

Social and Labour Plans report to Government

Status

Current

Country

South Africa

Region

Africa & Middle East

Date of publication

2013

Issuer type

Governments (governmental department, agency)

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

Go to the instrument