Thank you very much, Chairperson. I only have three minutes to respond to Mr Schmidt. Thank you to all the members and the Minister in absentia. With regard to the issue of royalties, Mr Schmidt, this is a matter for the National Treasury but the MPRDA has entrenched the rights of the communities so they can continue to receive them; there is nothing to the contrary. It is also not true that the Bill sets an additional 10% as raised by you with regard to the issue of residues.
The Minister's power to set these conditions is meant to ensure that in the context of the BBBEE requirement, the communities hosting such operations will be considered therein - nothing separate from that. However, with regard to the same issue of residues, if we do not regulate, nobody will know how much minerals have been recovered even from the mine dumps. Nobody would know what profits have been made there. After all, what is in the dumps themselves is still the mineral wealth of this country and it must be shared by all the people of South Africa. So, Mr Schmidt, unfortunately, we will have to regulate the mine dumps because there are treasures in them.
I thank all the members for participating and I hope that we will all support the Bill, including Mr Schmidt, after the explanation that I have given him. [Applause.]