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SA mine firms may revive black ownership lawsuit

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Johannesburg - South Africa’s mining companies may revive a court case against the government after being frozen out of deliberations over the revised Mining Charter, which could require some companies to give more equity to black investors.

The Chamber of Mines, representing miners including Anglo American [JSE:AGL] and Glencore [JSE:GLN], had put a lawsuit against the government over black ownership laws on ice while the new charter, which includes requirement for black empowerment measures, was being developed by the Department of Mineral Resources.

The body said it’s only been briefly consulted on the process and has no idea what is contained in the new charter. The government document will be gazetted next month, the DMR told lawmakers on Wednesday.

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