The billions in unclaimed miner benefits; better cyber-diligence required – expert
Biz News – While conceding that some good work has been done in tracing the hundreds, if not thousands of mineworker beneficiaries of pension and provident funds, retirement fund fundi Allan Greenblo waves a large red flag about the seemingly cavalier manner in which it’s often done.
Dr Edna Molewa: There are strict regulations on mining authorisations
Miningne.ws – The Minister of Environmental affairs, Dr Edna Molewa, has said that mining and its associated activities in the Mabola area is strictly regulated in terms of South Africa’s mining and biodiversity guideline.
Will the Mining Charter sound the death knell for the industry?
Bizcommunity – The so-called Mining Charter, in its present form, is in a Government Notice issued in 2010. It specifies various targets, as well as a detailed timetable for their attainment.
Errant DMR failing to act in best interests of the people of South Africa
Mining Weekly – The Department of Mineral Resources (DMR) is failing to act in the best economic interests of the people of South Africa by continually trying to organise a separate kingdom for itself.
What the proposed Charter holds for the future of the SA mining industry (If there is one?)
Engineering News – The legal foundation for the Mining Charter lies in Section 100(2)(a) of the Minerals and Petroleum Development Act (the MPRDA) whereby the Minister of Mineral Resources: “..must … develop a broadbased socioeconomic empowerment Charter that will set the framework for targets and time table for effecting the entry into and active participation of historically disadvantaged South Africans into the mining industry, and allow such South Africans to benefit from the exploitation of the mining and mineral resources and the beneficiation of such mineral resources.”
Despite the Risks, South African Women Carve Out Careers in Mining
NewsDeeply – A push to bring some gender balance to South African mining has seen a rise in the number of women in the industry. But a lingering culture of discrimination and sexual harassment means humiliating and potentially dangerous conditions for the women working underground.
Chamber of Mines may challenge March gazette of mining charter
Miningmx – South Africa’s Chamber of Mines will turn to the courts again should the Department of Mineral Resources (DMR) record the current draft of the mining charter in the government gazette next month.
Transformation dependent on economic growth – Chamber of Mines
Mining Review – The Chamber of Mines of South Africa said the 2017/18 budget demonstrates that sustaining and enhancing social good is dependent on the extent of economic growth enjoyed.
Increasing the withholding tax rate will affect investment – Chamber of Mines
Citizen – Gordhan said the dividend withholding tax rate would increase from 15% to 20%, a move expected to raise an additional R6.8 billion.
Chamber notes Gordhan’s bemoaning of Section 54 stoppages
Engineering News – The Chamber of Mines of South Africa has described Finance Minister Pravin Gordhan as having done an effective job of maintaining fiscal discipline with a budget deficit of 3.1% in these most trying of times.