NKP nkwe platinum limited

ian shapiro reply., page-43

  1. 1,436 Posts.
    lightbulb Created with Sketch. 10
    Brenden, you're not dreaming, check out MPRDA s.104(2)d

    Preferent prospecting or mining right in respect of communities

    104. (2) The Minister must grant such preferent right if the community can prove that-
    (a) the right shall be used to contribute towards the development and the social upliftment of the community concerned;
    (b) the community submits a development plan, indicating the manner in which such right is going to be exercised;
    (c) the envisaged benefits of the prospecting or mining project will accrue to the community in question; and
    (d) the community has access to technical and financial resources to exercise such Right

    Also, under the "Definitions" section of the Act,

    "community" means a coherent, social group of persons with interests or rights in a particular area of land which the members have or exercise communally in terms of an agreement, custom or law.

    Sounds like the B tribe don't fit into the definition of "community" if you ask me.


    Stagman
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.