South Africa Mining Licensing System – Investing in Security and Transparency

March 5, 2024

South Africa Mining Licensing System – Investing in Security and Transparency

Join us as we delve into key insights on how a new digital licensing system will drive investment and growth in South Africa by enhancing security and transparency in mining resource management!

Pacific GeoTech Systems (PGTS) is excited to announce its participation in the South Africa Investment Seminar hosted by the Department of Mineral Resources and Energy (DMRE). The seminar is scheduled for today, March 5th, from 15:30 to 18:00 (Canadian Eastern Standard Time) at Fasken Law Firm, Bay Adelaide Centre, 333 Bay Street, Suite 2400, Toronto.

PGTS CEO Eugen Toaxen will present ‘South Africa Mining Licensing System – Investing in Security and Transparency.’ The presentation will outline the key benefits of truePERMIT™ framework-based Mining Licensing System. These impacts extend across all levels of society, from the government, the general public, and local communities to the economy, contributing to an overall increase in security and transparency of information, aiming to reduce conflict and corruption.

The transparency and accessibility of information about the location and status of mineral rights, legal certainty, security of tenures, and efficient licensing with optimized resource management will foster stakeholder trust, attract investment, and enable adequate environmental monitoring and sustainability.

Overall, a reliable mining cadastre system will promote revenue generation and economic growth through royalties and taxes to support economic well-being.

For this reason, PGTS’ multiple-award-winning truePERMIT™ (tP) framework for land resource management and mining cadastre systems has been chosen to empower South Africa’s mining sector governance, reaffirming once more tP’s premier status as a global trendsetter in resource management solutions. Eugen Toaxen, CEO of Pacific GeoTech, expressed his excitement about the platform’s latest endeavor: “We are honored to have been chosen for this important project. The selection of truePERMIT™ for South Africa’s mining registry reaffirms our commitment to delivering cutting-edge solutions that set the standard for excellence in the industry.”