In the news

The long and possibly torturous road in getting the South African government to renegotiate the third draft of the Mining Charter began in earnest today after the Chamber of Mines met the African National Congress (ANC). Read More

Under-fire Mineral Resources Minister Mosebenzi Zwane could be forced to water down or drop his controversial amendments to the Mining Charter because of fears more jobs will be lost in the industry. Read More

Finance Minister Malusi Gigaba may have dumped the language of radical economic transformation but he has beefed up its content. At a news conference on Thursday. Read More

Credit rating agency Fitch issued a statement on Monday night saying the new Mining Charter that Mineral Resources Minister Mosebenzi Zwane issued without industry consultation showed that its decision to cut SA’s sovereign credit rating to junk in April was correct. Read More

The new Mining Charter is the flawed outcome of inadequate consultation with communities, the board of the Bench Marks Foundation said on Tuesday, when it warned that the document is poised to worsen stakeholder relations. Read More

The future of South Africa’s largely stagnant mining industry could be decided in the courts if the Chamber of Mines goes ahead and implements the conditions in the new mining charter gazetted last week. Read More

The latest iteration of the Mining Charter is a torpedo that will shatter already fragile investor confidence. Read More

“This process that the department of mineral resources embarked on is their own unilateral process,” said Chamber of Mines CEO Roger Baxter. “We’re not going to sign a document that we’re not committed to.” Companies must adhere to the charter, but, essentially, it’s up to them to implement it. By value, the Chamber represents 90% of South Africa’s mining companies. Read More

The Chamber of Mines will approach the courts to interdict the implementation of the Mining Charter, rejecting the “unilateral imposition” of the document — which it had not seen since April 2016 and which had set unachievable and brand new targets, said CEO Roger Baxter. Read More

South Africa’s mining sector as represented by the Chamber of Mines (CoM) is to turn to the courts in order to contest elements of a Mining Charter redraft published in the Parliament gazette earlier today. Read More