#MiningCharter: Chamber of Mines concerned about capital flight

June 16, 2017

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Chamber of Mines president Mxolisi Mgojo said on Thursday, that the mining industry was concerned about the new mining laws contained in the Reviewed Mining Charter, saying that these laws may result in capital flight from South Africa.

Speaking on the sidelines of the Chamber’s media briefing, Mgojo said the new laws were designed in a way that they had the potential of crippling the industry by driving investment away.

Category: General