The National Environmental Management Act’s (Nema’s) Financial Provisioning Regulations are a game changer because of the level of detail they require from mining companies, as well as the increased levels of liability they have established, says mining law firm Webber Wentzel. Webber Wentzel partner and environmental law expert Garyn Rapson explains that the new laws have changed the rules surrounding mine closure in three fundamental ways. Firstly, mining companies now need to produce two plans and a report covering annual rehabilitation, final rehabilitation and an assessment of residual risk.
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