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

Cabinet approves mining charter

CAPE TOWN, September 20 – Cabinet has approved the much-awaited third incarnation of the Mining Charter, Communications Minister Nomvula Mokonyane said on Thursday. Speaking at a post-Cabinet briefing in Cape Town, the minister said President Cyril Ramaphosa would reveal details of the charter on Friday when he is due to brief the media on economic […]

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

Land, mining uncertainty threatens South Africa’s growth – Moody’s

Johannesburg, June 26 – International rating agency, Moody’s, on Tuesday said uncertainty around land and mining reforms might hinder South Africa’s growth. Moody’s Analyst and Senior Credit Officer, Lucie Villa, said in a research report in Johannesburg that the reforms had remained a concern for investors. Villa said that weak business confidence could limit the […]

Business In The News South Africa

Mantashe vows to finalise mining charter in June

JOHANNESBURG, May 24  – South African minister of mineral resources Gwede Mantashe said on Thursday his department plans to finalise the revamped mining charter, the government’s regulation tool for transformation, by the end of next month. “We aim to finalise and gazette the mining charter in June, having taken on-board inputs and concerns from stakeholders across the country,” Mantashe […]

Business In The News South Africa

#MiningIndaba: SA mining industry pledges to work with govt to revive economy

JOHANNESBURG, February 1 – South Africa’s mining industry on Thursday expressed hope that the election of new leadership for the ruling African National Congress (ANC) signals a new dawn for collaboration between the government and the sector to boost the economy. The ANC elected the country’s deputy president and leader of government business Cyril Ramaphosa […]