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South Africa is probing a potential catastrophe lurking beneath its richest city.
The Department of Mineral Resources will approach the commission of inquiry into state capture, and give evidence if asked to do so.
Government’s R1.9bn budget allocation to the department of mineral resources is “inadequate”, says Mineral Resources Minister Gwede Mantashe.
Criminal issues which may crop up will be dealt with relevant organs of state and Parliament can refer issues to the Hawks and the Public Protector, says a legal adviser.
The Mining Charter may not be legislation,but it has independent legal force, a court has heard.
Lonmin has hit back at calls by the Mining Forum of South Africa and Bapo ba Mogale Investments to have its operating licence removed over non-compliance with its Social and Labour Plan.
The Chamber of Mines is suspicious about a last-minute invitation to meet with Mines Minister Mosebenzi Zwane, ahead of the release of the reviewed Mining Charter.
The Economic Freedom Fighters has hit out at the revised Mining Charter, saying that the provisions and compromises are sloped heavily in favour of mining companies.
Injuries have decreased in mining operations over the past year - but at the same time, deaths have increased, more than doubling in some sub-sectors.
The department of mineral resources claims meaningful empowerment is impossible if a recent high court declaratory order, which severely reduces the reach of the latest draft of the Mining Charter, is allowed to stand.
Analysts say a recent High Court decision should make it easier to invest capital in the sector and help reduce the substantial valuation gaps between SA mining firms and their international peers.
A provision in the disputed Mining Charter of 2017 which requires holders of mining rights to top up the black ownership of its mines to 30% if it falls short, could steer away investment, a court has heard.
South32 is also waiting for approval from Eskom to extend Khutala, which supplies Kendal power station, and continue to invest sustaining capital in its manganese business.
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