Regulations pertaining to the Financial Provision for the Rehabilitation and Closure and Post Closure of Prospecting, Exploration, Mining or Production Operations, 2014 (GN 940 of 2014).

These Regulations are made under section 44(aG), (aH) read with sections 24(5)(b)(ix), 24P and 24R of the National Environmental Management Act, 1998. The purpose of these Regulations is to regulate the method for determining and making financial provision (as defined in section 1 of the Act) for the costs associated with the management of environmental impacts from prospecting, exploration, mining or production operations. The Regulations shall apply to a holder under the Mineral and Petroleum Resources Development Act, 2002 and regulate the method for estimation of the cost and budgeting for costs associated with the management of environmental impacts from prospecting, exploration, mining or production operations through the life of a mine and that may become known in the future. A holder must make financial provision for: (a) rehabilitation; (b) decommissioning and closure activities at the end of the life of mine; and (c) remediation and management of latent or residual environmental impacts which may become known in the future, including the pumping and treatment of polluted or extraneous water. A licence holder shall must submit various plans and an environmental impact assessment as set out in the Appendices to these Regulations. An Assessment of costs must be done annually and an annual rehabilitation plan must contain all information set out in Appendix 3 to these Regulations. The final rehabilitation, decommissioning and mine closure plan must contain all information set out in Appendix 4 to these Regulations and an environmental risk assessment must contain all information set out in Appendix 5 to these Regulations.