Business In The News South Africa

Num ‘notes’ setting aside of controversial mining charter by minister

JOHANNESBURG, September 14 – The National Union of Mineworkers (NUM) on Thursday said it “notes” the undertaking by Mineral Resources Minister Mosebenzi Zwane to the Chamber of Mines not to implement or apply the provisions of recently gazetted mining charter until the judgement of the review application set down. The review will be heard between 13 and 14 […]

Business In The News South Africa

Zwane undertakes to halt Charter implementation until judgement on industry’s interdict

JOHANNESBURG, September 13 – The Chamber of Mines said on Wednesday that it has reached an agreement with the Minister of Mineral Resources Mosebenzi Zwane that he will not implement the controversial 2017 Reviewed Mining Charter until judgement has been handed down in the Chamber’s urgent interdict. The Chamber said it had met with legal counsel representing Zwane […]

Business In The News South Africa

Zwane to receive Kusasalethu mine seismic incident report

JOHANNESBURG, September 1 – Harmony Gold management is on Friday, expected to brief Mineral Resources Minister Mosebenzi Zwane on the seismic incident a week ago, which killed five mineworkers at it’s Kusasalethu mine near Carletonville. The Chief inspector of mines and the department’s inspectors, who were part of the proto teams, are expected to present Zwane […]

Business In The News South Africa

Chamber files replying affidavit in Mining Charter interdict application

JOHANNESBURG, August 18 – The Chamber of Mines filed its replying affidavit in the North Gauteng High Court on Friday, to support its interdict application which seeks to prevent government from implementing the 2017 Reviewed Mining Charter. This comes after mineral resources minister, Mosebenzi Zwane, last week filed his answering affidavit to oppose the Chamber’s application. […]

Business In The News South Africa

Zwane insists Mining Charter targets are ‘realistic and achievable’

JOHANNESBURG, August 18 – Mineral resources minister Mosebenzi Zwane on Friday defended the controversial Reviewed Mining Charter, saying that it was his firm belief that the Charter would give “practical expression to the meaning of radical economic transformation”   Speaking at the Black Business Council business breakfast in Johannesburg, Zwane said the economy must undergo […]

Business In The News South Africa

Chamber of Mines dismisses Zwane’s response to High Court challenge on Mining Charter

 JOHANNESBURG, August 8 – The Chamber of Mines on Tuesday came out strongly against the Department of Mineral Resources (DMR) following its answering affidavit submitted to the High Court in response to the Chamber’s urgent application to interdict the implementation of the Reviewed Mining Charter. The Chamber filed an application to have the Mining Charter reviewed and set […]

Africa Business In The News

Zwane signs MoU on mineral and upstream petroleum development with CAR

JOHANNESBURG, August 3 – Mineral resources minister Mosebenzi Zwane has signed a Memorandum of Understanding (MoU) with his Central African Republic (CAR) counterpart, Leopold Mboli-Fatrane, which commits the two countries to a cooperation agreement on mineral and upstream petroleum development. The MoU was signed on Wednesday based on the friendship and common interests between South Africa and CAR as Zwane was hosted […]

Business In The News South Africa

Chamber of Mines shocked by Zwane’s alleged moratorium on mining right applications

JOHANNESBURG, August 3 – The Chamber of Mines said on Thursday that the Department of Mineral Resources has instructed all its offices to halt the processing of new mining right or prospecting right applications despite a pending court case and a public consultation process. “It has come to the attention of the Chamber of Mines that […]