MINING CHARTER
Mining Charter's empowerment for naturalised trips alarm
CEO Roger Baxter warns a number of mining deals have been cancelled since the release of the controversial mining transformation guideline
The third and most controversial iteration of the Mining Charter was developed by the Department of Mineral Resources by people with a lack of integrity, says Chamber of Mines CEO Roger Baxter, adding that he knows of a number of mining deals cancelled since the transformation guideline was released on June 15. The chamber approached the High Court in Pretoria on Monday for an urgent interdict to prevent the charter from being implemented. It argued the document was deeply flawed, violated a number of acts and was a case of "egregious overreach" by Mineral Resources Minister Mosebenzi Zwane, who was "usurping" the finance minister and Parliament. Baxter questioned the purpose of the charter, which included a changed definition of beneficiaries of empowerment transactions to include black, coloured and Indian people naturalised after 1994. He asked whether the charter was written in the national interest to promote transformation or to benefit a small group of vested interests operat...
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