Business In The News South Africa

Minerals Council SA welcomes new mining charter but concerned about some aspects

JOHANNESBURG, October 3 – Minerals Council South Africa said on Wednesday it welcomed the recently gazetted revamped mining charter which aims to boost black ownership in the sector and broadly supported its intentions and content, but remained concerned about some key issues. Mineral resources minister Gwede Mantashe last week presented the document, which gives existing mining […]

In The News South Africa

Mantashe dismisses allegations of interference in Xolobeni mining prospect

PRETORIA, September 27  – Mineral resources minister Gwede Mantashe on Thursday dismissed allegations that his department was trying to bulldoze the mining development in Xolobeni after he visited the village in Mbizana, Eastern Cape, to listen to concerns around proposed mining in the Wild Coast area. This comes after an altercation ensued over the weekend […]

In The News South Africa

Mining Charter to be gazetted next week

JOHANNESBURG, September 21 – The final Mining Charter would be gazetted next week by Mineral Resources Minister, Gwede Mantashe. The Charter was approved with minor amendments by the September 19 Cabinet meeting. The Mineral and resources department on Friday, said the gazetting of the Charter will entrench the regulatory certainty necessary for the growth, development […]

In The News South Africa

D-Day for public comments submissions on draft Mining Charter

JOHANNESBURG, August 31 – Friday marks the last day for the department of mineral resources to receive written submissions on a draft mining charter which was gazetted for public comment in June. This follows over three months of consultations with stakeholders, including organised labour, organised business and communities in eleven areas across the country’s nine provinces, […]

Business In The News South Africa

SA mining industry welcomes axing of MPRDA as ‘sensible’ approach

JOHANNESBURG, August 23 – The Minerals Council South Africa says it has considered the unexpected announcement in Parliament on Wednesday by Mineral Resources Minister Gwede Mantashe that he plans to propose to cabinet the scrapping of the Bill drafted to amend the Mineral and Petroleum Resources Development Act (MPRDA). Out-of the-blue, Mantashe announced during Parliament’s mineral […]

In The News South Africa

Gold Fields did not follow prescribed processes in restructuring plans – mines minister

JOHANNESBURG, August 14 – Mineral resources minister Gwede Mantashe said on Tuesday he was concerned at the decision by Gold Fields to go ahead with restructuring plans without due regard to processes spelled out in the Mineral and Petroleum Resources Development Act (MPRDA). Gold Fields, one of the world’s largest gold mining firms, announced a restructuring at […]

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Mantashe urges Implats to reconsider job cuts

JOHANNESBURG, August 2 – Mineral Resources Minister Gwede Mantashe on Thursday, called on Impala Platinum (Implats) to reconsider its decision to cut 13,000 jobs, saying that the company must consider different options of saving jobs and keeping their operations working. Mantashe lashed out at Implats for announcing a planned jobs bloodbath over two years in a […]