Government suspends implementation of Mining Charter

The Chamber of Mines says the Charter has been put on ice pending judgment in an urgent interdict application by the industry.

The Lonmin platinum mine in Marikana. Picture: AFP.

JOHANNESBURG - Government has suspended the implementation of the controversial Mining Charter.

The Chamber of Mines says the charter has been put on ice pending judgment in an urgent interdict application by the industry.

The Chamber went to court earlier this month to prevent the implementation of the law which increases the minimum threshold for black ownership of mining companies to 30%.

The Chamber of Mines says Mineral Resources Minister Mosebenzi Zwane has given a written undertaking not to implement the new Mining Charter until after a court has ruled on the chamber’s application to overturn the charter.

The two sides have also agreed that the chamber’s case will now be heard in September after it was originally scheduled for 18 July.

The Chamber of Mines says they have also agreed that if Zwane breaks the terms of this agreement, the Chamber can go to court within 48 hours.

The Chamber says this is a satisfactory arrangement for the industry and that their primary objective is still to make sure that the charter does not come into effect.

It’s criticised the charter, saying they were not consulted and that it will severely damage the industry.

The Chamber says it wants to help transform the industry but that this new charter would inflict vast and systemic damage on the mining industry investors and the country itself.

(Edited by Zamangwane Shange)