Chamber of Mines agrees to withdraw interdict, mining charter remains on ice

The Chamber of Mines has withdrawn an urgent application for a court to interdict Mineral Resources Minister Mosebenzi Zwane from implementing the reviewed Mining Charter.

Zwane backed down for a second time in a written undertaking to avoid legal proceedings by the chamber.

The minister has reassured the chamber that he will not implement the charter before an upcoming court case in mid-December.

The chamber's transformation head Tebello Chabana says the the mining charter in its current guise needs to be done away with.

Read: Chamber of mines is anti transformation - Num

Chabana advises that targets must be achievable and must not make the industry unattractive to investors.

We want a new charter to come into place. One that sets some new sets new stretched targets.

Tebello Chabana, Chamber of Mines Head of Public Affairs and Transformation

The Minister's mining charter sets back transformation and sets back investment in the sector.

Tebello Chabana, Chamber of Mines Head of Public Affairs and Transformation

We were quite prepared to go to court.

Tebello Chabana, Chamber of Mines Head of Public Affairs and Transformation

They approached us to drop the urgent interdict and essentially gave the chamber what it wants, which is the suspension of the charter until judgment is given in the review application.

Tebello Chabana, Chamber of Mines Head of Public Affairs and Transformation

Also read: Chamber of mines welcomes decision to suspend implementation of mining charter

Chabana says the chamber is opposing the mining charter on procedural and substantive grounds.

There wasn't any proper consultation. It was developed unilaterally.

Tebello Chabana, Chamber of Mines Head of Public Affairs and Transformation

The document is flawed and that is why we have sought that it should not come into effect.

Tebello Chabana, Chamber of Mines Head of Public Affairs and Transformation

Take a listen:


This article first appeared on CapeTalk : Chamber of Mines agrees to withdraw interdict, mining charter remains on ice


Recommended

by NEWSROOM AI
Read More
OPINION: Zwane’s mining charter sinkhole

OPINION: Zwane’s mining charter sinkhole

The mineral resources minister has also been slammed for trying to damage brand South Africa.

Mining Charter has been put on ice. Here’s what comes now…

Mining Charter has been put on ice. Here’s what comes now…

The Money Show’s Bruce Whitfield interviews Partner at Dentons South Africa Vanessa Jacklin-Levin.

Deputy claims Mining Minister excluded him on mining licences

Deputy claims Mining Minister excluded him on mining licences

Godfrey Oliphant, Deputy Minister of Mineral Resources says Minister Zwane did not consult him on suspending mining rights.

Chamber of mines is anti transformation - Num

Chamber of mines is anti transformation - Num

The roll-out of the Mining Charter has been suspended pending the court's ruling on the Chamber of Commerce court interdict.

Chamber of mines welcomes decision to suspend implementation of mining charter

Chamber of mines welcomes decision to suspend implementation of mining charter

The charter has been put on ice pending the judgment of an urgent interdict application by the industry.

Popular articles
[LISTEN] New Visa regulations could change the face of South African tourism

[LISTEN] New Visa regulations could change the face of South African tourism

Lecturer at TUT's Dept of Tourism, Unathi Henama says that the tourism sector is at the center of the economic policies in SA.

We call it Heritage Day so it's more inclusive - Coconut Kelz (Lesego Thlabi)

We call it Heritage Day so it's more inclusive - Coconut Kelz (Lesego Thlabi)

In this segment of the Current Affairs with Coconut Kelz, satirical comedian Lesego Thlabi channels Kelz to chat about Heritage Day.

'My hubby is 75 and we still do it' - stories about sex on the other side of 50

'My hubby is 75 and we still do it' - stories about sex on the other side of 50

Is biology putting the brakes on your sexuality? Callers share their experiences of sex and growing older.

How to get rich by investing in smoking hot US and Canadian dagga shares

How to get rich by investing in smoking hot US and Canadian dagga shares

Returns of 500% are not unheard of. Is this another crypto-like bubble? Not in the least, says Financial Advisor Warren Ingram.

[Watch] Dad breaks down when reunited with car sold to pay wife’s bills

[Watch] Dad breaks down when reunited with car sold to pay wife’s bills

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

DStv Premium on a downward spiral, warns tech guru

DStv Premium on a downward spiral, warns tech guru

DStv has lost about 140 000 Premium subscribers to Netflix over the past two years, tech expert Arthur Goldstuck.

[WATCH] Let's sing together, Baba Vark, doo doo doo, SA's version of Baby Shark

[WATCH] Let's sing together, Baba Vark, doo doo doo, SA's version of Baby Shark

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.