In the news

The Mining Charter redraft published by South Africa’s Department of Mineral Resources (DMR) on June 15 had to be disregarded and replaced starting with a fresh negotiations, probably only in 2018, said Mark Cutifani, CEO of Anglo American. Read More

The National Union of Mineworkers (NUM) has expressed concern at the current freeze on mining approvals pending the finalisation of the legal challenge against the new Mining Charter. Read More

Sometimes it’s uncomfortable but those are the times I accept that the Constitution gives powers to ministers to do certain things and he does not have to consult with the deputy minister. But clearly, it’s better if we consult. Read More

Last week the Reserve Bank’s Monetary Policy Committee (MPC) announced that it had revised its GDP growth forecast to just 0.5% for this year. This was halved from the 1% it had expected in May, and nearly 60% below the 1.2% GDP growth it had forecast at its meeting in March. Read More

Johannesburg - Small companies at the fringes of the mining industry, along with empowerment transactions, will take the biggest immediate hit from Mineral Resources Minister Mosebenzi Zwane’s planned moratorium on all forms of mineral licensing. Read More

Parliament is set to summon Mineral Resources Minister Mosebenzi Zwane’s department to explain the Mining Charter and freezing of issuing of new mining licences. Read More

Power FM is joined by Tebello Chabana who is a Senior Executive of Public Affairs and Transformation at the chamber of mines who discusses what is happening with the chamber of mines application to halt the implementation of the mining charter. Read More

Deals and growth in the mining industry will grind to a halt if Mineral Resources Minister Mosebenzi Zwane succeeds in his proposal to restrict the granting of all new mining and prospecting rights as well as the transfer of rights. Read More

Chamber of Mines says the charter would, if implemented, probably destroy what’s left of the industry. Read More

A notice in the Government Gazette dated July 18, described by BusinessLive today as applying a freeze on new investment in South Africa, was "a last gasp" attempt by mines minister, Mosebenzi Zwane, to stamp his authority. Read More