All RBPlat’s operations, exploration and development activities are located in South Africa and are therefore subject to the local laws and regulations governing various matters. These include laws and regulations relating to exports, price controls, repatriation of capital and exchange controls, taxation, mining royalties, labour standards and occupational health and safety, including mine safety and historic and cultural preservation.
Mining operations are subject to a variety of industry-specific health and safety laws and regulations formulated to improve and to protect the safety and health of employees.
In South Africa, recent fatalities in the mining industry have resulted in the introduction of section 54, a compulsory shutdown of operations to enable investigations into the cause of fatal incidents.
The Department of Mineral Resources (DMR) has embarked on an audit strategy with the primary aim of assisting mines to develop efficient health and safety programmes. Health and safety audits have been carried at RBPlat operations and a number of workplace compliance stoppages have been imposed by the DMR. These section 54s have had a short-term adverse impact on the Company’s platinum group metals (PGM) production.South African legislation governing the mining industry in South Africa comprises:
The Mining Charter, a broad-based socio-economic charter based on the MPRDA (effected in May 2004), sets a framework to facilitate the inclusion of historically disadvantaged South Africans (HDSAs) into the mining industry.
Platinum and other Platinum Group Metals (PGMs) are used in a number of industrial processes and commercial applications – in flat panel monitors, glass fibre, medical tools, computer hard drives, nylon and razors, among others...