Zuma finds faults with controversial mining bill
The bill allows government to control 20 percent of new mining and petroleum ventures.
CAPE TOWN - President Jacob Zuma's office has explained his reasons for refusing to sign off on a controversial bill governing the energy and mining sector.
The Mineral and Petroleum Resources Development Amendment Bill allows government to control 20 percent of new mining and petroleum ventures.
It will also enable the mining minister to declare some minerals strategic.
The bill was sent back to the National Assembly last week for reconsideration because it did not pass constitutional muster.
Zuma has found a number of faults with the bill which was approved by Parliament in March 2014.
In a statement, released a few hours ago, the president's office says some sections of the bill contravene international trade agreements.
It also says the bill should have been referred to the National House of Traditional Leaders for comment as it affects customs of traditional communities.
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