The following article is from Mineral Corporation. It came from a free website as an article of interest. We won't see anything about NKP until early March, being the end of the 6 months moratorium on DMR making any decisions. Note this is also an invitation to use their resources to help a Company to check if their rights are fully approved. Be watching with interest at end of Feb - early March. TRIG
THE MINERAL CORPORATION ADVISORS TO THE MINERAL BUSINESS Mineral Corporation Consultancy (Pty) Ltd Homestead Office Park P O Box 1346 Tel: +27 11 463 4867 Reg. No. 1995/000999/07 65 Homestead Avenue Cramerview Fax: +27 11 706 8616 Trading as: The Mineral Corporation Bryanston 2021 South Africa 2060 South Africa email: [email protected] DIRECTORS: FH Gregory (Managing), AH Hart, JE Murphy, GJ Robbertze, DR Young (British) HAVE YOU CHECKED YOUR MINERAL RIGHTS? What every mineral right holder should do. One of the most controversial topics of 2010 for the local and international mining community has been security of tenure regarding mining and prospecting rights in South Africa. As part of the process to make the system more transparent, the Department of Mineral Resources (DMR) published a list of rights? holders and applicants on 1 September 2010. At the same time, the Minister declared a six-month moratorium on the issue of new prospecting rights. However, the published information is extraordinarily difficult to interpret as it is based on the DMR reference number and the corner points of the rights (input in different coordinate systems), and it is provided in a number of PDF documents. The Mineral Corporation has written an algorithm to unlock and interrogate the DMR database with regard to the acceptance, granting and issuing of title. The ability to interpret the contents of the database has demonstrated that there are material anomalies. The evidence suggests that no holder of prospecting rights in South Africa should be confident or complacent regarding their mineral title unless they have fully interrogated the database which is now in the public domain. The Mineral Corporation recommends that companies ensure that they have diligently examined and confirmed the status of their rights. To assist in this regard, The Mineral Corporation offers a service that is able to identify the following information for each property: 1. The holder of the right; 2. Applications that are in the midst of being processed; and 3. Applications which were either refused or rejected. The data also provides the following key information: 1. Validation that the right applied for has been processed; 2. Any potential conflict or overlap with rights accepted, granted or issued to other parties; 2 3. Other parties that applied (successfully or unsuccessfully) for the same property; 4. The date of your application (and of other parties? applications); and 5. Parties that hold neighbouring rights. Our independent service aims to provide an element of confidence that your mineral right tenure is secure and to highlight the relevant issues such as competing applications, status of application and area of application. The Mineral Corporation?s interrogation has uncovered areas where two or more rights have been granted to different parties over the same property. In one instance, it was discovered that our client held the correct documentation pertaining to a property (thereby suggesting apparent validity) but the rights were not listed on the DMR database. We believe that this is an essential service for any mining group, exploration company or entrepreneur in these times of mineral right uncertainties. The guarantee of tenure in the mining and exploration business is a fundamental right and, if such rights are jeopardised, the financial implications to the holder of such rights could be enormous. To discuss your particular needs, please contact either of the following persons: ? Noleen Pauls at [email protected] or 011 463 4867 ? Ross Gardiner at [email protected] or 011 463 4867.
NKP Price at posting:
45.0¢ Sentiment: None Disclosure: Held
