Minister Zwane expects ‘robust engagement’ over revised Mining Charter
The new draft was gazetted on Friday, pre-empting the outcome of court action by the Chamber of Mines.
CAPE TOWN - Mineral Resources Minister Mosebenzi Zwane says he expects robust engagement over the revised version of the Mining Charter.
A new draft was gazetted on Friday, taking the industry by surprise as there had been no consultation.
The new version says every new mining right must be 26 percent owned by black entrepreneurs, communities and workers and that this level of empowerment must be maintained throughout the life of a mine.
It also sets new targets for black managers and the procurement of goods and services from Black Economic Empowerment companies.
Zwane touched on the matter while delivering his budget vote speech in the National Assembly on Tuesday afternoon.
The gazetting of the new version of the mining charter pre-empts the outcome of court action by the Chamber of Mines, which wants clarity on whether or not past empowerment deals should count towards companies meeting the 26 percent black ownership target.
Minister Zwane has denied there's any hidden agenda behind the unilateral redrafting of the Mining Charter - and he says he expects robust engagement over the revised version.
"Radical economic transformation remains central in the quest to normalise South Africa. Lessons learned in implementing the mining charter are the basis for sharpening tools of implementation."
Zwane says the Charter's been revised in order to strengthen it.
"Robust engagements with all stakeholders will commence during this consultation period."
The Democratic Alliance has described the revised draft as a "suicide note" for the mining industry.
LISTEN: Changes loon on the Mining Charter