Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002)RegulationsAmendment Regulations to the Mineral and Petroleum Resources Development Regulations, 2020Chapter 2 : Mineral and Petroleum, Social and Environmental RegulationsPart 1 : Mineral and Petroleum Regulation11. Mining work programme |
| (1) | A mining work programme must contain— |
| (a) | the full particulars of the applicant; |
| (b) | a plan contemplated in regulation 2(2), showing the land and mining area to which the application relates; |
| (c) | a registered description of the land or area to which the application relates; |
| (d) | the details of the identified mineral deposit concerned with regard to the type of mineral or minerals to be mined, its locality, extent, depth, geological structure, mineral content and mineral distribution; |
| (e) | the details of the market for, the market's requirements and pricing in respect of the mineral concerned; |
| (f) | the details with regard to the applicable timeframes and scheduling of the various implementation phases of the proposed mining operation, and a technically justified estimate of the period required for the mining of the mineral deposit concerned; |
| (g) | a financing plan that must contain— |
| (i) | the details and costing of the mining technique, mining technology and production rates applicable to the proposed mining operation |
| (ii) | the details and costing of the technological process applicable to the extraction and preparation of the mineral or minerals to comply with market requirements; |
| (iii) | the details and costing of the technical skills and expertise and associated labour implications required to conduct the proposed mining operation; |
| (iv) | the details and costing of regulatory requirements in terms of the Act and other applicable law, relevant to the proposed mining operation; |
| (v) | the details regarding other relevant costing, capital expenditure requirements, and expected revenue applicable to the proposed mining operation; |
| (vi) | a detailed cash flow forecast and valuation, excluding financing of the proposed mining operation, which forecast must clearly indicate how the applicable regulatory costs will be accommodated therein; |
| (vii) | the details regarding the applicant's resources or proposed mechanisms to finance the proposed mining operation, and details regarding the impact of such financing arrangements on the cash flow forecast; and |
| (viii) | provisions for the execution of the social and labour plan. |
| (h) | an undertaking, signed by the applicant, to adhere to the proposals as set out in the mining work programme. |
| (2) | The mining work programme contemplated in subregulation (1) shall form part of the mining right where such right is granted. |