Mosebenzi Zwane ups ante with proposal that would freeze mining transactions
Mineral Resources Minister Mosebenzi Zwane upped the ante in the fight with the Chamber of Mines over the controversial third iteration of the Mining Charter. On Wednesday Zwane gazetted a proposal to restrict the granting of new mining and permitting rights as well as the transfer of mineral rights between companies. In a government gazette, Zwane said that, "having regard to the national interest and the need to promote the sustainable development of the nation’s mineral resources", he invited interested parties to make representations on his proposal. "The intended restriction shall not be applicable to applications received and accepted before the date of publication of this notice, subject to the condition that such application, if granted, shall not immediately upon granting subject the right holder to the requirements of the Mining Charter 2017," Zwane said. The proposal would effectively freeze all mining transactions and bring further uncertainty and distress to an industry...
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