MPRD Act means the Mineral and Petroleum Resources Development Act No 28 of 2002;

MPRD Act the Mineral Petroleum and Resources Development Act, 2002 (Act 28 of 2002)

MPRD Act means the South African Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002).

Examples of MPRD Act in a sentence

Compliance in terms of the MPRD Act enables WAL, JCI and Randgold to apply for the conversion of other mineral rights contiguous with South Deep to new form prospecting rights.
The MPRD Act states that the conversions must be granted by the Minister if all requirements are completed but it does not stipulate any time frame.
The MPRD Act also provides for holders of old order rights to continue to operate under the terms and conditions of such rights until conversions under the MPRD Act have been completed.
The MPRD Act allows the existing holders of mineral rights a period of five years to apply for the conversion of used old order rights, and one year for the conversion of unused old order rights.
The Group has lodged applications to convert all of its old order rights, however, to the extent that it is unable to convert some of its old order rights to new order rights, and that the exclusive rights to minerals that the Group enjoyed under the previous statutory regime are diminished, the operations of the MPRD Act may result in significant adjustments to the Group's property ownership structure, which in turn could have a material adverse effect on the underlying value of the Group's operations.

More Definitions of MPRD Act

MPRD Act means the Mineral and Petroleum Resources Dxxxxxxxxxx Xxx, 0000;

MPRD Act means the Mineral and Petroleum Resources Dexxxxxxxxx Xxx, 0000 xf South Africa;

MPRD Act the South African Minerals and Petroleum Resources Xxxxxxxxxxx Xxx, 0000, as amended or replaced from time to time;