
Mining charter
5% of free-carried interest for mineworkers, implores the Mining Charter
Mineral Resources Minister Gwede Mantashe gave a keynote address at a memorial lecture held on 17 August 2021 by Sibanye-Stillwater in commemoration of 34...
The mining charter was drawn up to facilitate meaningful participation of historically disadvantaged South Africans in the mining and minerals industry.
A new version of the mining charter, which sets ownership and other industry targets was unveiled last year
The mining sector has been hard hit by falling commodity prices, rising production costs and policy uncertainty.
The new Mining Charter was gazetted last week following several months of intensive engagements in the mining industry.
The minister has urged the companies to adhere to health and safety measures.
'Money Show' presenter Bruce Whitfield, Jonathan Veeran, partner for corporate practice at Webber Wentzel, mining lawyer Hulme Scholes and Joburg Indaba chairperson Bernard Swanepoel assess the current version of the Mining Charter.
Rating agency S&P Global currently rates South Africa’s long-term foreign-currency debt ‘BB’, in ‘junk’ status.
Mineral Resources Minister Gwede Mantashe unveiled some details of the 2018 Charter at a briefing in Pretoria.
Minister Gwede Mantashe says the charter will end the regulatory and political uncertainty that has shrunk investment in the sector.
Mineral Resources Minister Gwede Mantashe says the charter is the result of a seven-month long process of intensive engagements in the mining industry.
Cabinet recently approved the document after former Minister Mosebenzi Zwane and the Chamber of Mines were at loggerheads over the the contents of the charter.
Almost 1,000 members have been protesting at the plant against the new Khanyisa staff scheme, claiming it excludes white employees.
The SAHRC says there is an immediate need for legislation around closure protocol as well as the establishment of a trust account to cater for rehabilitation-related liability.
Talk Radio 702’s Bongani Bingwa spoke to Tebello Chabana, a senior executive for Public Affairs and Transformation at the Minerals Council, about the draft document.
Mantashe confirmed on Sunday that he’s agreed to push back the deadline for comment on the draft mining charter by a month to ensure further consultation.
Minister Mantashe was speaking at a mining summit in Boksburg on Saturday morning.
South Africa’s economic growth prospects will be limited by weak business confidence while uncertainty around land and mining reforms remain a concern for investors, ratings agency Moody’s said in a research report on Tuesday.
Legal expert Brandon Irsigler gives a brief overview of the history of the charter and the key points of the latest iteration of the draft charter.