Gross domestic product The economic growth rate is calculated from data on GDP estimated by countries' statistical agencies. The rate of growth of GDP per capita is calculated from data on GDP and people for the initial and final periods included in the analysis of the analyst. Determinants of per capita GDP growth[ edit ] In national income accounting, per capita output can be calculated using the following factors: Productivity improving technologies economic history Economic growth has traditionally been attributed to the accumulation of human and physical capital and the increase in productivity and creation of new goods arising from technological innovation.
The ruling vindicates the Company's decision to continue operating the Mine Waste Solutions project in accordance with the terms and conditions of its valid water use licence since the purported appeal was lodged in March The Water Tribunal found that it had no jurisdiction to hear the case and consequently the FSE had no legal standing to bring the appeal.
As a result the Water Tribunal has closed its file on the matter. First Uranium continues operation of Mine Waste Solutions tailings reprocessing project in spite of mining right withdrawal: First Uranium has taken legal advice on the mining permit and water licence issues and production has continued unabated at Mine Waste.
First Uranium's legal advice was that tailings recovery projects do not fall under the Mineral and Petroleum Resources Development Act, meaning the letter from Mineral Resources Minister Susan Shabangu last month withdrawing the mining right at Mine Waste did not apply, Mr van der Mescht said.
The department could issue a closure or suspension notice for Mine Waste but First Uranium would embark on legal action to protect the operation, he said. Nuclear Regulator orders halt of tailings disposal at Mine Waste Solutions tailings project: First Uranium suspended operations at its Mine Waste Solutions project in South Africa on Monday July 25following an order from the country's nuclear regulator over concerns about a pipeline at the tailings reprocessing project.
The National Nuclear Regulator NNR ordered First Uranium to cease depositing materials at tailings storage facilities at the operation, citing concerns over pipeline maintenance and non-reporting.
First Uranium said it is in "material compliance" with nuclear regulations and that it had sought an injunction allowing it to restart the project.
The halt order has to do with the pipeline used to pump tailings material that has been reprocessed to extract gold and uranium into a new tailings storage facility, said company Vice-President Mary Batoff. Reuters July 25, On Aug. Minister urged to act in Buffelsfontein Mine Waste Solutions tailings dam dispute: A dispute between First Uranium subsidiary Mine Waste Solutions and environmental activists over a gold and uranium tailings recovery operation being built in the Vaal area may head to the courts soon if Water Affairs Minister Edna Molewa does not say whether work on the plant should stop.
The Federation for a Sustainable Environment said yesterday July 4 because the tailings dam was not lined with plastic it would let mine water seep into the immediate environment, including the Vaal River, which supplies water to SA's economic heartland. Sustainable Environment has accused Mine Waste Solutions of continuing work when the National Water Act stipulated its lodging of an appeal automatically suspended work.
Sustainable Environment CEO Mariette Liefferink said the Department of Water Affairs had not properly exercised its discretion and had failed to take the cumulative effect on water resources and the sustainability of the mining project into account when it awarded Mine Waste Solutions a water-use licence.
Business Day July 5, Commissioning of uranium recovery plant at Buffelsfontein Mine Waste Solutions tailings project may be postponed: First Uranium may postpone the commissioning of its uranium plant at its tailings treatment business to conserve cash ahead of a convertible debenture that matures in June next year, CEO Deon van der Mescht said yesterday June 6.
The postponement is designed to keep as much cash on the company's books ahead of the maturation of the debenture, he said. First Uranium, which is primarily a gold producer at this point, is ramping up production at Mine Waste Solutions MWSwhich has three gold modules treating tailings material to the west of Johannesburg.
The MWS uranium plant, which is largely complete, was to be commissioned around September this year, but this could be pushed back to around the middle of next year, Mr van der Mescht said.
Feeding into the decision whether to defer the commissioning are the low uranium prices, which have been fallen because of developments in the nuclear industry stemming from the earthquake hit Fukushima nuclear plant in Japan.
A legal dispute over the creation of a super-dump to process radioactive gold-mining waste near the Vaal River may set a pattern for the rehabilitation of hundreds of toxic dumps on the Witwatersrand.
But the plan is controversial. The non-profit Federation for a Sustainable Environment FSE appealed against a water-use licence granted for the dump, citing fears that it is leaking uranium and other cancer-causing heavy metals into Gauteng's main water source.
The FSE said this week that the project should be suspended.
The Legal Resources Centre was preparing this week to take the stand-off to court. It initiated the case on behalf of local residents and the Paradyskop Conservancy, who rely on shallow boreholes for drinking water.
FSE's chief executive Mariette Liefferink said Mine Waste Solutions originally undertook to line parts of the dump with heavy-duty plastic to prevent seepage and to build a sulphuric acid plant to counter acid drainage. It appeared to have reneged on this. First Uranium's President and CEO, Deon van der Mescht, said, "The commissioning of the new TSF is a major milestone as it secures the future of the MWS project, allowing it to re-treat 15 tailings dams for the gold and uranium content over the 15 year life of the operation".
Work has re-commenced on Buffelsfontein Mine Waste Solutions tailings project: Construction on the plant started in August and will see an increase in gold tailings processed by a furthertpm.
The plant and pipeline feeds are expected to be complete by March The overall project comprises the treatment of material from fourteen tailings dams, twelve of which originated from the original processing of material from the Buffelsfontein and Hartebeestfontein gold operations and two tailings dams, which originated from the processing of material from the Stilfontein gold mine.
The project had been suspended due to the withdrawal of the environmental authorization for a new tailings storage facility designed to accommodate future tailings deposition capacity requirements. The problem has since been resolved allowing the project to be resumed. First Uranium subsidiary Mine Waste Solutions says it is withholding information from the Federation for a Sustainable Environment on the potential effect of its controversial Klerksdorp waste dump, 1 km from the Vaal River.
This appears to contravene environmental regulations as affected stakeholders are not able to evaluate the risks of the planned development, the federation said. The federation fears the mine dump, set to be on-stream next May, could pollute the Vaal River system, contaminate groundwater and create acid mine drainage.
There was insufficient information in the environmental impact assessment and in the environmental management plan to support the facility, she said. But Mine Waste said it conducted independent environmental studies as part of the environmental impact assessment, including the potential effect on groundwater.As an Ambit Energy customer, you can use your MyAmbit Account to view and pay bills, access account information, monitor travel rewards and more with this online account management tool.
IMPORATANCE. The Taxation Structure of the country can play a very important role in the working of our economy. Some time back the emphasis was on higher rates of Tax and more incentives.
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