Developmental pricing announcement expected at Sona
Ngoako Ramatlhodi says an important announcement on developmental pricing will be made by Zuma.
CAPE TOWN - Mineral Resources Minister Ngoako Ramatlhodi says an important announcement on developmental pricing in the mining industry is expected from President Jacob Zuma when he delivers his State of the Nation Address tomorrow.
Yesterday, Ramatlhodi attended the 2015 Annual African Mining Indaba Conference in Cape Town and addressed concerns around the Mineral and Petroleum Resources Development Amendment (MPRDA) Bill.
He says the price at which minerals are set for government will be clarified.
Ramatlhodi says Zuma's decision to send the MPRDA back to Parliament was based on the legality of developmental pricing.
"Elements of the bill seem to be encroaching on ownership and seem to be contrary to our commitments to the world trade organisation treaties."
The minister says he's already sought legal advice on the amendments and may test the matter to the Constitutional Court.
"And that's why I'm thinking that it may well be worth our trouble that we put this to court and we test it and it's decided on one way or the other."
Ramatlhodi didn't say how long it would take for the bill to be passed but hinted that Deputy President Cyril Ramaphosa would treat it as a matter of urgency.