Chamber going to court to halt devastating charter blow to already battered mining sector

June 15, 2017

Responsive image

The Chamber of Mines of South Africa will be applying at the earliest opportunity for a court date for a declaratory order on continuing empowerment consequences, as well as immediately seeking an interim court interdict to suspend the implementation of Mining Charter Three, the devastating set of new legal requirements that Minerals Minister Mosebenzi Zwane on Thursday unleashed on the already battered local mining industry. An initial reading of Mining Charter Three gazetted by the Department of Mineral Resources (DMR) brings out a range of new brightly flashing red lights, including new ownership provisions and the establishment the Mining Transformation and Development Agency without no substantive view of governance structures.

Category: General