The highly contested mining charter could finally be brought to finalisation by next month according to Minister of Mineral Resources, Gwede Mantashe.
While delivering his departments budget vote in Cape Town on Tuesday, Mantashe said that intensified deliberations between various stakeholders in the mining sector around the charter have borne fruit.
” We aim to finalise and gazette the mining charter in June, having taken onboard inputs and concerns from stakeholders across the country,” he said.
Mantashe also added that the conflict in the industry around the mining charter had contributed to uncertainty and fear among investors.
Last month the Department of Mineral Resources (DMR) said that it intended to keep to its timelines for the finalisation of the revised mining charter despite the appeal by Mantashe against a high court decision that the “once empowered always empowered” principle must be retained.
The DMR said that it was after “careful consideration” that it decided to appeal the judgment. “The judgment has dire implications for the economic transformation imperatives of the Constitution, the mining sector and South Africa at large.
It also has the potential of extending regulatory and policy uncertainty, and sterilisation of our mineral resources, with grave economic growth and employment implications,” the DMR said.