Chamber of mines welcomes decision to suspend implementation of mining charter

The application for an urgent interdict by the Chamber of Mines to prevent the implementation of the controversial Mining Charter will be heard in September.

On Friday the chamber announced the implementation of the law which increases the minimum threshold for black ownership of mining companies to 30%, has been put on ice by government pending judgment in the case.

READ: Chamber to seek court interdict against new mining charter

ALSO READ: Chamber of Mines cries foul over new Mining Charter

The two sides have agreed that the chamber’s case will now be heard in September after it was originally scheduled for 18 July.

Xolani Gwala spoke to the Chamber of Mines CEO , Roger Baxter.

The Minister has given a written undertaking to suspend the implementation of the charter pending the judgment in the urgent interdict application that we brought, which was due to be held on Tuesday which is a good first step,

Roger Baxter, Chamber of Mines CEO

We want the charter to be taken on a full review because this is not our charter, it is really designed to benefit a select few to the disadvantage of all citizens.

Roger Baxter, Chamber of Mines CEO

Click on the link below to listen to the full audio...


Recommended

by THE NEWSROOM

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
No certainty if strange stone originates from outside the solar system

No certainty if strange stone originates from outside the solar system

In 2013 researchers announced the 'Hypatia' stone found in the south-west of Egypt, was most certainly not from Earth.

[LISTEN] ANC's proposed land expropriation explained

[LISTEN] ANC's proposed land expropriation explained

The Institute of Race Relations explains the confusion around the proposed amendment to Section 25 and how this affects property.

 ‘Mining Charter is populism on steroids'

‘Mining Charter is populism on steroids'

The Money Show’s Bruce Whitfield interviews Chamber of Mines CEO Roger Baxter.

"Transformation is non-negotiable but we must mitigate against negative impact"

"Transformation is non-negotiable but we must mitigate against negative impact"

Zizi Kodwa was part of the ANC delegation that met with the Chamber of Mines on Tuesday over the new controversial mining charter.

Chamber of mines says new Mining Charter "improperly negotiated"

Chamber of mines says new Mining Charter "improperly negotiated"

The Chamber of Mines has met with an African National Congress (ANC) delegation to discuss its concerns around the Mining Charter.

'ANC was clearly not involved in Mining Charter. But Dubai probably was'

'ANC was clearly not involved in Mining Charter. But Dubai probably was'

The Money Show’s Bruce Whitfield interviews Joburg Indaba Chairperson Bernard Swanepoel.

Popular articles
I was not introduced to Ajay Gupta - Grootes

I was not introduced to Ajay Gupta - Grootes

Stephen Grootes says he believes former Eskom CEO Brian Dames when said he was not formally introduced to the Gupta family.

Minister Zwane confirms trips to Dubai and Switzerland

Minister Zwane confirms trips to Dubai and Switzerland

EWN parliamentary correspondent Gaye Davis says Mineral Resources Minister Mosebenzi Zwane received detailed and tough questions.

Vavi: I can't sleep at night for making Zuma the president

Vavi: I can't sleep at night for making Zuma the president

Zwelinzima Vavi says South Africa is paying dearly for choices they've made in being angry with Mbeki and not thinking logically.

Zweli Mkhize 'taken by surprise' with latest cabinet reshuffle

Zweli Mkhize 'taken by surprise' with latest cabinet reshuffle

The ANC treasurer-general confirmed Mantashe’s comments that the President did not consult the ANC leadership on the reshuffle.

Zuma is paying it forward and stacking the deck in his favor - Brown

Zuma is paying it forward and stacking the deck in his favor - Brown

Political analyst Karima Brown says the latest Cabinet Reshuffle is a move to strengthen his hand at the December conference.

"Duduzane Zuma is the Gupta family's greatest asset"

"Duduzane Zuma is the Gupta family's greatest asset"

Sunday Times journo Thanduxolo Jika who broke the front page story about the Gupta family emails vouches for their authenticity.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

‘My worst fear is being 80 years old and poor’ – famed actor Dr. John Kani

‘My worst fear is being 80 years old and poor’ – famed actor Dr. John Kani

"My earliest memory of money is my father saying, ‘Why do you want to do this thing? How are you going to feed the family?'"

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...