INDUSTRY CHARTER
South Africa is still mining the same mistakes a quarter of a century later
Mineral Resources Minister Gwede Mantashe and the ANC continue to ignore the more than R200bn in value transfer in the mining sector
The much-vaunted renegotiation of the third version of the Mining Charter this weekend came down to a clarification that the ANC is not willing to change its major thrust and is interested only in negotiating the details. This will disappoint the industry, which was hoping the accession of President Cyril Ramaphosa would mean there would be a halt to the industry’s slide into being unviable. As if nothing had changed, Mineral Resources Minister Gwede Mantashe rolled out a continuation of the argument the ANC has been having with the mining industry for the past quarter of a century. Ignored was the more than R200bn in value transferred since the Mineral and Petroleum Resources Development Act was passed. Ignored was that three of the four Chamber of Mines office bearers present were black. It was as though the last 25 years had barely happened. Instead it was, according to the government, about the mining industry remaining too white and how it should belong to the "indigenous peopl...
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