Gwede Mantashe gives mining industry reason to be hopeful on new charter
Solidarity says good progress is being made in talks, and the minister says a new charter will be ready by May
Talks on a new Mining Charter were about 80% completed and the new document guiding the transformation of SA’s mining sector would be gazetted in May, giving the industry much-needed policy confidence, said Mineral Resources Minister Gwede Mantashe, underlining his mandate from President Cyril Ramaphosa to bring certainty to the sector. The Department of Mineral Resources would not appeal against a high court finding in favour of the Chamber of Mines’ application for a declaratory order on the continuing consequences of past deals and that mining companies were not obliged to perpetually top up their black ownership levels to at least 26% in line with the first two charters, Mantashe said. He was speaking at the one-day Jo’burg Indaba platinum conference in Johannesburg on Tuesday. His comments to delegates preceded the next round of talks between the department and industry players on the formulation of a new charter, raising hope among some delegates that the disastrous third vers...