Mineral and Petroleum Resources Development Amendment Act | Act 49 of 2008 — South Africa law | Esheria

Mineral and Petroleum Resources Development Amendment Act

This amendment replaces paragraphs 25(d) and (e) with objectives about expanding participation in mineral and petroleum industries and promoting related economic growth.

Jurisdiction
South Africa
Instrument
Act or statute
Citation
Act 49 of 2008
Version
Undated source snapshot
Language
en
Updated
Official source
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Statute overview

About this statute

This amendment replaces paragraphs 25(d) and (e) with objectives about expanding participation in mineral and petroleum industries and promoting related economic growth. This section amends section 3 to let the law prescribe and levy fees, and it requires the Minister of Finance to determine and levy the State royalty under an Act of Parliament. This section says certain registered mineral and petroleum rights are limited real rights, and it gives the right holder permission to enter the land, bring equipment, build infrastructure, and—when dealing with diamonds and subject to another section—remove and dispose of diamonds found during mining. A new section is inserted after section 5, titled “Prohibition relating to illegal act.” No person may carry out the listed mining or petroleum activities on any area unless the required authorisation or right is in place and the landowner or lawful occupier has been given at least 21 days’ written notice.

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