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The Chamber of Mines has withdrawn an urgent application for a court to interdict Mineral Resources Minister Mosebenzi Zwane from implementing the reviewed Mining Charter.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

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


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