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Restriction Notice

 gazette Page 1a

 

 

 

 

 

 

Restriction Notice published by the Minister of Mineral Resources.

The Minister of Mineral Resources has published a notice in terms of section 49(1) of the Mineral and Petroleum Resources Development Act,2002 ( Act No.28 of 2002) (MPRDA)restricting the granting of new applications for Technical co-operation Permits, Exploration and Production Rights pending the publication of a notice of invitation for applications.
It is significant to note that the restriction does not affect the exclusive rights conferred by the MPRDA on holders of Technical Co-operation Permits and Exploration Rights to apply for Exploration Rights or Production Rights respectively, as the case may be, and applications that were lodged prior to the publication notice. The restriction by the Minister is part of a licensing strategy that is primarily aimed at using licensing as a tool to achieve the transformation ideal encapsulated in section 2(d) of the MPRDA and  fast-track exploration. To that end, Petroleum Agency is currently working on the modalities and processes that will inform the invitation for application dispensation as approved by the Minister of Mineral Resources.
Kind Regards,
Ms Lindiwe Mekwe | Acting Chief Executive Officer|
Petroleum Agency SA

 

 

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