Zwane’s radical Mining Charter in the firing line
Daily Maverick – “This process that the department of mineral resources embarked on is their own unilateral process,” said Chamber of Mines CEO Roger Baxter. “We’re not going to sign a document that we’re not committed to.” Companies must adhere to the charter, but, essentially, it’s up to them to implement it. By value, the Chamber represents 90% of South Africa’s mining companies.
Chamber of Mines will go to court over charter ‘negotiated in bad faith’
Business Day – The Chamber of Mines will approach the courts to interdict the implementation of the Mining Charter, rejecting the “unilateral imposition” of the document — which it had not seen since April 2016 and which had set unachievable and brand new targets, said CEO Roger Baxter.
SA mining in crisis as CoM takes Govt’s Mining Charter to court
Miningmx – South Africa’s mining sector as represented by the Chamber of Mines (CoM) is to turn to the courts in order to contest elements of a Mining Charter redraft published in the Parliament gazette earlier today.
Chamber of Mines to approach court to halt new mining charter
Eyewitness News – The Chamber of Mines has announced it's going to court to interdict the implementation of the new mining charter that was announced on Thursday morning by Mineral Resources Minister Mosebenzi Zwane.
How pernicious ideology is breaking SA’s mining sector
Miningmx – Evidence of this is apparent in the share prices of some of the country’s best known mining stocks. The Mining Charter in its current form makes no sense. Crimping profits to make new empowerment targets inviolably successful only hurts the ability of the mining sector to sustain itself, much less grow.
The Money Show
Radio 702 – Chamber of Mines CEO, Roger Baxter and the Editor of Miningmx, David McKay joined Bruce Whitfield to discuss the impact of the new Mining Charter which was announced by the Minister of Mineral Resources, Mosebenzi Zwane.
Chamber: Misgivings on proposed Mining Charter
Bizcommunity – The revised Mining Charter could be gazetted this week, but the South African Chamber of Mines is worried that it may differ from the document that was originally proposed.
Platinum Drop Fires Social Unrest as Villagers Turn on Mines
Bloomberg – More platinum wealth lies beneath South African soil than anywhere else on Earth, and for decades the companies that extracted the precious metal promised to help improve the lives of the impoverished people who live above their mines.
Chamber of Mines hosts coal wage negotiations with producers and unions
Mining review – Several coal producers have met with labour unions at the Chamber of Mines to conclude a framework agreement going forward.
Chamber of Mines: contribution of mining to economy masks ‘concerns’
Mining Review – Positive international macro-economic trends over the last few months should have had a positive outcome for the mining sector highlights the Chamber of Mines.