MINING POLICY
Chamber of Mines heads to court to halt charter
The Chamber of Mines says it will apply for an urgent interdict to stop the implementation of the newly released Mining Charter by next Monday. This as the Commission for Conciliation, Mediation and Arbitration (CCMA) warned of a jobs bloodbath in the mining industry that will be exacerbated by the contentious charter. The CCMA held a first of its kind forum with mining stakeholders, including the Department of Mineral Resources, in Magaliesburg on Thursday to analyse the state of the industry. While speakers tried to steer clear of the charter released by Mineral Resources Minister Mosebenzi Zwane last Thursday, some projected that its consequences would be catastrophic. The charter dictates that mining companies should increase black ownership to 30% within 12 months and includes provisions for the allocation of shares to employees. Elize Strydom, the chamber’s senior executive for employment relations, said on the sidelines of the forum they planned to challenge the rationality o...
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