Mineral and Petroleum Resources Development Act

The Mineral and Petroleum Resources Development Act (MPRDA) is a South African law that manages how minerals and petroleum are explored, mined, and owned. It aims to ensure that these resources benefit the country's economy and people, promoting fair access, sustainable development, and environmental protection. The Act prioritizes the state's ownership of mineral rights, requiring companies to obtain licenses and adhere to regulations. It also emphasizes transformation in the industry, encouraging participation from historically disadvantaged communities and fostering responsible resource management for long-term national development.