BUSINESS DAY TV: ‘One cannot behave in the same way the apartheid government did’
Mining lawyer Jacinto Rocha discusses whether the mining industry is likely to be successful in opposing the new Mining Charter
BUSINESS DAY TV: Reaction continues to pour in around the new Mining Charter which was gazetted by Mineral Resources Minister Mosebenzi Zwane last Thursday. The latest is from Moody’s, which says it places the credit rating of a number of mining companies at risk. But does the Charter pass constitutional muster, and is it likely to be enacted in its current form? Jacinto Rocha, a mining lawyer who was involved in the drafting of the original empowerment charter for the industry, joins us now in the News Leader studio. Jacinto, as we’ve just said, the Mining Charter has come under much scrutiny to the extent that we have the Chamber of Mines taking the issue to court. You were principal drafter of the MPRDA (The Mineral and Petroleum Resources Development Act) and, of course, a contributor to the original Mining Charter. Does the revised work warrant all the scepticism, and how far off-track have things gotten? JACINTO ROCHA: For one to understand the noise around the new Charter, on...
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