Question NW1019 to the Minister of Mineral Resources andEnergy

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20 November 2019 - NW1019

Profile picture: Mileham, Mr K

Mileham, Mr K to ask the Minister of Mineral Resources andEnergy

(1) What number of mining entities, including prospecting and exploration entities, are currently in or facing business rescue; (2) Whether a business rescue plan has been approved in each case; if not, why not; if so, what (a) are the details in each case and (b) is the current status of each business rescue plan?

Reply:

Regions

(1)

(2)

     

Mpumalanga

05

Business rescue plan were not submitted

Limpopo

01

No, It’s not our competency therefore the office cannot give a response since it’s the responsibility/competency of the Business

Practitioners.

”.%._«

MINISTRY OF MINERAL RESOURCES REPUBLIC OF SOUTH AFRICA

North West

04

  1. Programme for Community Development 10000MR, Business Rescue Plan approved and a contarctor is currently mining
  1. Hernic Ferrochrome 91, 308 & 396 MR> Business Rescue Plan adopted on 29/03/2019, the mining right has been ceded to Samancor Chrome Limited with the only outstanding precedent condition being the conclusion of an electricity supply agreement with Eskom.
  1. Shiva Uranium (228, 400 & 401MR)> Business Rescue Plan not approved,
  1. Horizon Chrome Mine (247 MR) > Business Rescue Plan is approved, the mine is operational

Northern Cape

01

Details of the business rescue plans are not share with the office by

the practitioners

KwaZulu Natal

00

 

Gauten

00

 

Free State

02

In both cases the process is still ongoing and not concluded.

Western Cape

00

 

Easter Cape

03

The office does not have business rescue plans at this point, entities were engaged to submit copies thereof and have failed thus far.

TOTAL

16

 

(1) The number of entities facing business rescue are 16

(2)

Source file