South Africa delays finalisation of draft mining charterStaff Writer | July 9, 2018
South Africa's mines minister Gwede Mantashe said on Sunday he will extend by a month a period for public comment on a mining industry charter which lays out requirements for black ownership levels and other targets.
Africa Mines minister Gwede Mantashe
Mantashe said he will extend the period for public comment until the end of August.
"It gives people a chance to engage more and comment more," Mantashe said during his closing speech at an industry summit to discuss the charter.
A draft of the charter published last month extends to five years from one year the time that existing mining permit holders will have to raise black ownership levels to 30 percent from 26 percent.
It also proposes a requirement that 10 percent (a third of the 30 percent black ownership target) for new mining right applicants be granted free to communities and qualifying employees, dubbed "free carry", which industry body The Minerals Council South Africa has opposed. ■