Charter a threat to mining, warms RBPlat CE Steve Phiri
Business Day – Adding to the chorus of executives decrying the third version of the Mining Charter, outspoken Royal Bafokeng Platinum (RBPlat) CE Steve Phiri said the "shabbily" drafted document could bring the industry to its knees if implemented.
ANC slaps Zwane down on Mining Charter
Business Day – The ANC has extended an olive branch to the mining sector, cutting Mineral Resources Minister Mosebenzi Zwane down to size as the battle over the contentious Mining Charter continues to simmer.
Mantashe: ANC will work with private sector to rescue economy
Eyewitness News – African National Congress (ANC) secretary-general Gwede Mantashe says the party will work with the private sector to rescue the economy in the wake of recent job cuts in various sectors.
'We’re not undermining Minister Zwane'
Eyewitness News – – African National Congress (ANC) secretary-general Gwede Mantashe says the party’s national executive committee (NEC) is not undermining Mineral Resources Minister Mosebenzi Zwane but does have a responsibility to help him appreciate he must not hurt the economy.
Chamber, NUM round on Zwane fearing 200,000 jobs at risk
Miningmx – Up to 100,000 direct jobs were at risk in South Africa’s mining sector owing to a deterioration in regulatory and operating conditions, including decreased productivity and inappropriate work stoppages, said the Chamber of Mines.
Cutifani calls on SA to dump Charter, restart talks in 2018
Miningmx – The Mining Charter redraft published by South Africa’s Department of Mineral Resources (DMR) on June 15 had to be disregarded and replaced starting with a fresh negotiations, probably only in 2018, said Mark Cutifani, CEO of Anglo American.
NUM wants moratorium on new Mining Charter lifted
Business Day – The National Union of Mineworkers (NUM) has expressed concern at the current freeze on mining approvals pending the finalisation of the legal challenge against the new Mining Charter.
Zwane didn’t consult me on mining licenses issue – Oliphant
Eyewitness News – Sometimes it’s uncomfortable but those are the times I accept that the Constitution gives powers to ministers to do certain things and he does not have to consult with the deputy minister. But clearly, it’s better if we consult.
SA’s economic forecasts keep getting dimmer
Moneyweb – Last week the Reserve Bank’s Monetary Policy Committee (MPC) announced that it had revised its GDP growth forecast to just 0.5% for this year. This was halved from the 1% it had expected in May, and nearly 60% below the 1.2% GDP growth it had forecast at its meeting in March.
Zwane’s move will have dire effects
Fin24 – Johannesburg - Small companies at the fringes of the mining industry, along with empowerment transactions, will take the biggest immediate hit from Mineral Resources Minister Mosebenzi Zwane’s planned moratorium on all forms of mineral licensing.