Mining Charter impasse will be resolved very soon, Ramaphosa assures in Sona
While the president did not say the Mining Charter would be withdrawn, he said he wanted negotiation between companies, unions and communities together with the government
Cyril Ramaphosa, SA’s new president, committed his government to ending the impasse around the Mining Charter, which maps out racial transformation of the sector, and finalises amendments to the Mineral and Petroleum Resources Development Act that have been in process since 2012. Ramaphosa’s comments in his maiden state of the nation address (Sona) come as the Chamber of Mines is scheduled to meet the Department of Mineral Resources and Minister Mosebenzi Zwane, in court on Monday to review and set aside the now-suspended third iteration of the charter. That was gazetted in June 2017 and deepened uncertainty in the mining sector. The chamber has been clear that it will continue the court process as long as the charter has not been withdrawn, pointing out that the charter had numerous deficiencies and flaws, violating the Constitution, Companies Act and good business. While Ramaphosa did not say the charter would be withdrawn, he said he wanted negotiation between companies, unions ...
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