Chamber of Mines fires back at Zwane over his defence of Mining Charter
The Chamber of Mines fired a fresh legal salvo at Mineral Resources Minister Mosebenzi Zwane, hitting back at his initial response to their affidavit to interdict the third Mining Charter, saying he’d attacked the industry body’s credibility rather than addressing shortcomings in the charter. On Friday at a Black Business Council breakfast, Zwane again defended the now-suspended charter that he gazetted on June 15, which erased R51bn of value from listed mining shares on the day. He said it was a document to give effect to radical economic transformation of the mining sector and the Department of Mineral Resources would not back away from it. In its replying affidavit, responding to Zwane’s answering affidavit, the chamber said again that the charter had not been drawn up with fully collaborative involvement of mining companies, as the previous two charters had been; and that the minister had made mistakes in rebuffing the chamber’s contention that parts of the charter ran contrary ...
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