Ahead of the mining charter being gazetted in a few weeks, it emerged this week that the new charter would set BEE ownership at 30% - up from 26% in previous charters. The cabinet on Wednesday approved the publication of the final broad-based black economic empowerment charter for the mining industry, which is said to have laid down the targets for ownership and employment equity. Chamber of Mines spokesperson Charmane Russell said on Friday that the chamber could not comment on the speculation that black ownership had been set at 30% as it had not seen the charter. However, she added that there had been a lack of clarity since the most recent charter was gazetted and that the organisation would "have no option but to pursue the matter" if the next charter was also unclear, and it disagreed with stipulations on BEE ownership. She hoped the industry's extensive and constructive comments had been incorporated, Russell said. Bloomberg reported on Thursday that the latest charter would ...
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