Minerals Council SA has filed an application for a judicial review of the recently gazetted Mining Charter, citing problems with certain clauses, saying past deals were not sufficiently recognised.
They have all spoken of talks with mineral resources Gwede Mantashe and his team to find resolutions to their concerns.“The minister has been kept fully apprised of the Minerals Council’s intentions. The Minerals Council continues to seek a solution to the current impasse that respects the outcome of the high court judgment on continuing consequences, and provides a level playing field for companies in this regard,” Baxter said referring to a judgment made in April 2018.
Baxter stressed that this was not an attempt to block transformation of the mining sector as envisaged in the three charters that have been in force since 2004 to change the racial makeup and ownership of the industry. Baxter referred to a North Gauteng High Court declaratory order in April 2018 around the continuing consequences of past deals done by mining companies around empowerment and that these benefits followed the rights, with no need to be topped up from the 26% level at which they had been done.
Source: News Formal (newsformal.com)
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