Companies to pay clean-up costs of abandoned South African mines

By bne IntelliNews September 16, 2010
Traceable owners ofabandoned mines will have to pay the cost of cleaning up their mines saysDirector General at the Department of Mineral Resources, Sandile Nogxina. Theestimated cost for the 10 year rehabilitation plan was ZAR 1.456bn, excludinginflation, for which the Department does not have the funding. The governmentspriority was to deal with mines posing an immediate threat to communities, suchas asbestos sites and open pits. The owners of abandoned mines who can betraced will be held responsible in terms of the law.

Related Articles

South Africas Exxaro mulls firing striking coal miners.

South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more

South Africas Telkom says there is no decision to lay off 13,000 employees.

South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more

BP, Masana Petroleum Solutions sell LPG business in South Africa.

Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more

Dismiss