The third Mining Charter gazetted in June is an “unmitigated disaster” not just for the South African mining industry, but for the country and it is “incomprehensible” that the mineral resources minister thought he was legitimately exercising his powers, the Chamber of Mines says in its challenge to set aside the document. Minister Mosebenzi Zwane has suspended the charter pending the outcome of a judicial review of the document by a full bench of judges in mid-December, but the industry is reeling from the consequences of the document, in which transformation targets were vastly changed from the first two versions of the charter. Chamber leadership as well as ANC treasurer-general Zweli Mkhize said at a mining conference that both groups were in talks about the charter. However, chamber CE Roger Baxter said the only talks the industry body would have with Zwane would be in court after two years of fruitless interaction with him and none of its input reflected in the new charter. Th...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.