Tag: Mining Charter III
JUDGEMENT | Key consequences of the Mining Charter III
There are key consequences of the Gauteng Division of the High Court's decision in Minerals Council of South Africa v The Minister of Mineral Resources and Energy and Thirteen Others (Case No. 20341/19) (Mining Charter III Judgment).
More legal muscle for mining communities
Recent regulatory developments have helped to increase the pressure that communities are able to exert on mining companies. This highlights the need for companies to implement more effective negotiations with and solutions for their affected communities.
Mining Charter III threatens livelihood of alluvial diamond mining industry
Mining Charter III (MCIII) heaps more pain on South Africa’s alluvial diamond producers who already face enormous cost burdens and high risks. This previously productive and successful small or junior diamond mining industry consists of just 180 remaining entrepreneurial mining operators employing around 5,000 people at an annual salary bill of R550 million.
Mining Charter III: Piling the pressure on small miners
Achieving Mining Charter III’s requirements for structuring broad-based ownership, local procurement and social and labour plans is likely to present serious challenges for small scale miners in particular. It may be time to move away from a 'one size fits all' approach in setting charter targets.
Mining Charter III approved by Cabinet
On Wednesday, 19 September, Cabinet approved the long-delayed Mining Charter III and also approved the withdrawal of the Mineral and Petroleum Resources Development Amendment Bill which has been subject to the legislative process since 2013.
Mining | Throttling the goose that lays golden eggs
The prolonged uncertainty created by the introduction of Mining Charter III and the Mineral and Petroleum Resources Development Amendment Bill [B 15D – 2013], has left SA’s mining industry in limbo. An industry that can ill afford any more financial setbacks.
