SA’s Minister of Mineral Resources suspends implementation of Revised Mining Charter

PUBLISHED: Fri, 14 Jul 2017 15:28:03 GMT
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South Africa’s Minister of Mineral Resources Mosebenzi Zwane has suspended the implementation of a controversial mining ownership law pending a judgement in an urgent interdict application by the industry, the Chamber of Mines industry body said on Friday.

The Chamber applied for an urgent high court injunction in June to prevent the implementation of the law, which increases the minimum threshold for black ownership of mining companies.

The Chamber’s President Mxolisi Mgojo told CNBC Africa last month that it had decided to apply for an interdict to “protect the mining industry”.

READ: SA’s Revised Mining Charter is “the last nail in the coffin”: Chamber of Mines VP Phiri

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