Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002)

Chapter 4 : Mineral and Environmental Regulation

Purchase

(1)	The holder of a mining right or mining permit must, at the registered office or place of business of such holder, keep proper records of mining activities and proper financial records in connection with the mining activities.

[Section 28(1) substituted by section 24(a) of the Mineral and Petroleum Resources Development Amendment Act, 2008]

(2)	The holder of a mining right or mining permit, or the manager of any mineral processing plant operating separately from a mine, must submit to the Director-General—

[Words preceding section 28(2)(a) substituted by section 24(b) of the Mineral and Petroleum Resources Development Amendment Act, 2008]

(a)	prescribed monthly returns with accurate and correct information and data; and

(b)	an audited annual financial report or financial statements reflecting the balance sheet and profit and loss account;

(c)	an annual report detailing the extent of the holder’s compliance with the provisions of section 2(d) and (f) the charter contemplated in section 100 and the social and labour plan.