SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : SOUTHERNERA (t.SUF)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Joe Boster who wrote (872)4/21/1998 1:31:00 PM
From: GULL  Read Replies (1) of 7235
 
Just for interest, herewith some DD on Section 24

"MINERALS ACT (ACT 50/1991)

24. Power of Minister to expropriate surface or mineral rights. -

(1) If the Minister at any time deems it necessary in the public interest to expropriate any right (including ownership) or share therein -

(a) in respect of land, the surface or any portion under the surface of land: or
(b) to a mineral in respect of land,

he may expropriate any such right or share therein: Provided that the person at whose request such right or share therein is expropriated, if any, shall compensate the person whose right thereto or share therein has been expropriated for such right or share therein to an amount mutually agreed upon or, if no agreement can be reached, to an amount determined by arbitration in accordance with the Arbitration Act, 1965 (Act No. 42 of 1965), or by any competent court if the last-mentioned person prefers the last-mentioned procedure: Provided further that in determining the last-mentioned amount, section 12 of the Expropriation Act, 1975 (Act No. 63 of 1975), shall mutatis mutandis apply as if an expropriation of property or the taking of a right has taken place in terms of the last-mentioned Act.

(2) The right to any land or mineral or any share therein expropriated under subsection (1), shall vest in the person at whose request it has been expropriated."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext