NKP nkwe platinum limited

ian shapiro reply., page-28

  1. 5,657 Posts.
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    I really don't know an answer to the question Stagman.
    All I now is this. Someone is backing them.\

    104
    (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

    Note...
    (d) "the community has access to technical and financial resources to exercise such right."

    (3) The preferent right, granted in terms of this section is?
    (a) valid for a period not exceeding five years and can be renewed for further periods not exceeding five years; and

    (b) subject to prescribed terms and conditions.

    (4) The preferent right referred to in subsection (1), shall not be granted in respect of areas, where a prospecting right, mining right, mining permit, retention permit, production right, exploration right, technical operation permit or reconnaissance permit has already been granted.

 
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