Courts unable to solve impasse, says Cutifani
Anglo American CEO says the solution will be for the government and industry to negotiate a settlement over the Mining Charter
South African mining companies and the government have to find a negotiated settlement to their impasses over the Mining Charter and other disagreements because legal redress through the courts is not the best mechanism to find long-lasting resolutions, says Anglo American CEO Mark Cutifani. Speaking at a media event on Wednesday evening, Cutifani said the sector had lost 100,000 jobs in the past seven years and could lose another 100,000 if there was no change to the way it was regulated and operated. Companies had to protect their position by challenging the Department of Mineral Resources in court to set aside a hugely controversial and damaging third iteration and seek a declaratory order to define black ownership commitment, he said, but pointed out this was not the best solution. "We’re fighting the battle in the courts, and whilst I believe that we had to take steps to protect our position, the answer will not come from the courts. "All they will do is redefine the points tha...
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