As executive members of the Minerals Council SA spoke glowingly of an easing of tensions between the industry and department of mineral resources & energy, hopes were raised that a legal battle over the Mining Charter could be resolved out of court.

The Mining Charter, gazetted in September 2018, was the third iteration of the document that outlines the racial transformation requirements for the industry. It contains large changes from the first two versions. The council, along with its members representing 95% of SA’s annual mineral production, have serious reservations about a number of clauses, but of particular concern is the lack of recognition of past empowerment transactions over mining rights that are being renewed or transferred in a sale.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now