Patrick Leyden
Camden
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Articles by Patrick Leyden
Africa – Still uncertain but hopeful | Herbert Smith Freehills | Global law firm
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PATRICK LEYDEN AND LAUREN PAXTON: Could the pen be mightier than the sword in regulating illegal mining?
SA’s mining industry has long been a cornerstone of the country’s economy, with a rich history of gold, diamond and platinum mining. However, the industry has also been plagued by illegal mining activities, which not only pose safety and environmental risks but also contribute to the loss of billions of rand in revenue each year — estimated at R60bn in 2024. Stilfontein gold mine, in North West province, ceased operations in 2013.
Challenging Times For M&A
M&A activity in Africa experienced a sharp decline in 2023 when compared to 2022. Key factors which contributed to the slowdown in M&A activity in 2023 included rising inflation, the increased cost of capital and the major geopolitical events and general uncertainty affecting global markets. These factors have impacted M&A globally, with Africa being no exception.
Challenging Times for M&A
Activity M&A activity in Africa experienced a sharp decline in 2023 when compared to 2022. Key factors which contributed to the slowdown in M&A activity in 2023 included rising inflation, the increased cost of capital and the major geopolitical events and general uncertainty affecting global markets. These factors have impacted M&A globally, with Africa being no exception.
Africa - Challenging times
Insight Africa Activity M&A activity in Africa experienced a sharp decline in 2023 when compared to 2022. Key factors which contributed to the slowdown in M&A activity in 2023 included rising inflation, the increased cost of capital and the major geopolitical events and general uncertainty affecting global markets. These factors have impacted M&A globally, with Africa being no exception.
Mining's Humpty Dumpty Cries Out To Be Put Together Again
If SA is to attract investment into the sector, the serious challenges range from illegal mining to raising capital. Like the children's nursery rhyme, the SA mining industry had its origin more than a century ago — and Humpty Dumpty's plight is perhaps also a fitting analogy for its current state.
Mining’s humpty dumpty cries out to be put together again
If SA is to attract investment into the sector, the serious challenges range from illegal mining to raising capital. Like the children’s nursery rhyme, the SA mining industry had its origin more than a century ago — and Humpty Dumpty’s plight is perhaps also a fitting analogy for its current state.
Mining’s Humpty Dumpty cries out to be put together again
Like the children’s nursery rhyme, the SA mining industry had its origin more than a century ago — and Humpty Dumpty’s plight is perhaps also a fitting analogy for its current state. As the world focuses on climate change and the race to net zero, the global mining industry has found itself in somewhat of an unholy alliance with climate change activists as it has become clear that there can be no “green revolution” without critical minerals.
Political Instability In Francophone Africa: Navigating The Legal Risks
Political instability has been increasing across Francophone Africa for a number of years, notably as a result of a string of coups d'état across West Africa. Recent takeovers by the military in Niger and Gabon have further elevated concerns about further instability across the continent.
Political Instability in Francophone Africa: Navigating the Legal Risks
Political instability has been increasing across Francophone Africa for a number of years, notably as a result of a string of coups d’état across West Africa. Recent takeovers by the military in Niger and Gabon have further elevated concerns about further instability across the continent.
Confirmed: Miners Remain Responsible For The Pumping Of Extraneous Water Pending The Issue Of A Closure Certificate
On 30 May 2023, the Supreme Court of Appeal (SCA) confirmed in Ezulwini Mining Company (Pty) Ltd v Minister of Mineral Resources and Energy and others [2023] ZASCA 80 (30 May 2023) that miners remain responsible for the pumping and treatment of extraneous water until the Minister of Mineral Resources and Energy has issued a closure certificate in terms of section 43 of the Mineral and Petroleum Resources Development, Act, 2002 (MPRDA).
Legislative limbo: where next for SA’s upstream sector and would-be investors?
It has now been over two years since Total made its significant gas condensate discovery in the Brulpadda block, off Mossel Bay. The announcement led to much anticipation for the rapid development of an upstream petroleum industry in SA.
How sellers can ensure their asset or business is left in good hands
Higher commodity prices have historically led to a commensurate increase in merger and acquisition (M&A) activity within the natural resources sector. Extraordinary economic growth in China during the period 2002-2012 resulted in supply shortages, driving up global commodity prices. In its Global Mining Deals Outlook (2013), PwC reported that the aggregate value of global mining M&A increased five-fold during this illustrious decade.
The draft mineral and petroleum resources regulations: a proverbial curate’s egg? | Lexology
Last week StatsSA (South Africa’s official statistics authority) announced that South Africa’s economy contracted by 0.6 per cent during Q3. It is likely to contract further in Q4 as a further round of electricity blackouts occurs as a result of Eskom load shedding. The economy’s current travails are mainly driven by a contraction in the mining, manufacturing and transport sectors.
Mining duties, royalties and taxes in South Africa | Lexology
South Africa
September 23 2019 Duties, royalties and taxes Duties, royalties and taxes payable by private parties What duties, royalties and taxes are payable by private parties carrying on mining activities? Are these revenue-based or profit-based? The Mineral and Petroleum Resources Royalty Act 28 of 2008 (Royalty Act) sets out the revenue-based royalties payable on mineral resources that are extracted within South Africa and ‘transferred’.
Environmental regulations for mining activities in South Africa | Lexology
South Africa
September 23 2019 Environment Principal applicable environmental laws What are the principal environmental laws applicable to the mining industry? What are the principal regulatory bodies that administer those laws? The National Environmental Management Act 1998 (NEMA) is the framework legislation regulating the environment. The DMR is the competent authority responsible for enforcing the NEMA insofar as it relates directly to prospecting and mining activities.
Mining in South Africa | Lexology
Mining industry Standing What is the nature and importance of the mining industry in your country? The mining industry has historically been a key driver of the South African economy. Economic activity in modern-day South Africa has been centred on mining activities, their ancillary services and supplies.
Initial coin offerings are a new version of the old Wild West
At the height of its bull run in December 2017, the combined cryptocurrency market capitalisation was more than $800bn. In little more than a year the value of bitcoin had surged from $952 to just less than $20,000, a market cap rivalling most multinational companies. As the market charged forward so did the number of initial coin offerings (ICOs). In 2018 there were about 1,250 ICOs, which collectively raised more than $7.8bn in capital.
Mining in South Africa | Lexology
Use the Lexology Getting The Deal Through tool to compare the answers in this article with those from other jurisdictions. Mining industry Standing What is the nature and importance of the mining industry in your country? The mining industry has historically been a key driver of the South African economy. Economic activity in modern-day South Africa has been centred on mining activities, their ancillary services and supplies.
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