Chamber of Mines briefs portfolio committee on mining investment in South Africa
Mining Weekly – In light of the challenges faced by South Africa’s mining industry and its contribution to the South African economy, the Chamber of Mines (CoM) of South Africa on Wednesday briefed the Portfolio Committee on Mineral Resources on the mining industry’s investment case.
Local mining will suffer from radical departure in way charter is redrawn
Business Day – Department ignores a history of achieving buy-in through vigorous negotiation among a range of stakeholders, writes Tebello Chabana.
LISTEN: Peter Leon on attracting investment for SA’s mining industry
Mineweb – And the need for dialogue between business, government and labour.
SA mining sector at a risk of collapse - industry sources
AFRICA NEWS – South Africa’s mining sector which is a key pillar of the economy is in crisis.
Northam’s Dunne adds voice to SA mining distress call
Mining Mx – Paul Dunne, CEO of Northam Platinum, added his voice to industry concerns regarding the condition of South Africa’s mining sector saying investors were “getting very worried”.
Chamber: The DMR’s high handed approach won’t work
Moneyweb – A thoroughly unimpressed Chamber of Mines is frustrated with the way in which the Department of Mineral Resources has gone about constructing the new mining charter which is due to be gazetted in December.
Proposed mining charter sets industry up to fail – Baxter
Miningne.ws – South African miners will explore all options, including legal challenges, to oppose the country’s planned Mining Charter, if the government implements new levies and black-ownership targets as proposed.
Battle looming over Mining Charter?
IOL – South African miners will explore all options, including legal challenges, to oppose the country’s planned Mining Charter if the government implements new levies and black-ownership targets as proposed.
Charter’s ‘unrealistic targets’ concern mining bosses
IOL – Another showdown is looming between the Chamber of Mines and the Department of Mineral Resources (DMR) with the industry warning that it would challenge the draft mining charter with all means at its disposal.
Defiant Baxter warns Govt miners will not take charter “lying down”
Mining Mx – South Africa’s mining industry faces additional levies and taxes of between an estimated R2bn to R3bn a year whilst R2bn already contributed by it for human resource development will be diverted into a new tax collection entity.