Mining Charter to remain as is for the next five years, Gwede Mantashe assures
The charter was applauded by delegates at Joburg Indaba as a document the industry could work with, and which was a vast improvement on Mosebenzi Zwane's shambolic charter
There will be no changes to the Mining Charter, certainly within the next five years following years of uncertainty, mineral resources minister Gwede Mantashe said on Wednesday. By gazetting the third iteration of the charter on September 27, after starting talks with the Minerals Council SA in February to scrap the gazetted and subsequently suspended version by his predecessor Mosebenzi Zwane in June 2017, Mantashe has brought a degree of certainty to the local mining industry. Mantashe said at the two-day Joburg Indaba mining conference that he had no plans to introduce a fourth charter in the next five years, and declined to comment on a 10-year period because, "I might not be around." The charter, which spells out the obligations of mining and prospecting rights holders to racially transform their ownership, management structures and procurement practices, was first introduced in 2004 and amended in 2010. The charter was applauded by delegates at the Indaba as a document that t...
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