Gwede Mantashe says mining charter process will not be restarted from scratch
Mineral Resources minister Gwede Mantashe says the proposed third iteration of the mining charter remained open for input, but the process would certainly not be restarted from scratch. Mantashe defended various aspects of the draft charter, including its proposed 30% black shareholding in companies that would provide 14% equity to entrepreneurs and a 10% free carry for communities and workers. “Transformation is not a compliance issue. Transformation is a business imperative,” Mantashe said. Mantashe spoke at the opening of Sasol’s R5.5bn Shondoni mine in Secunda on Thursday. His comments have set the tone for the mining summit this weekend where these and other interested parties will discuss the charter. Community organisations rejected the draft in its entirety earlier this week on the grounds that they had not been adequately consulted. The Mining Affected Communities United in Action, which was affiliated to more than 200 community organisations, had lobbied against the inclus...
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