[miningmx.com] – FAITH Bikani, acting chairperson of the South African parliament’s mineral resources committee, said planned amendments to mining and oil legislation had to be passed before national elections on May 7.
Quoted in a Bloomberg News article, Bikani said: “We can finish this so the act can continue to be implemented … We can’t leave it in limbo. We want it done now.’
The proposed changes to the 2002 Mineral and Petroleum Resources Development Act include giving the state the right to a free 20% stake in all new energy ventures as well as compelling some producers to sell part of their output to local processors.
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