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Ramaphosa: Govt, mines must go back to the drawing board

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Johannesburg - South Africa should negotiate with mining companies over controversial new regulations that are supposed to help spread the country’s mineral wealth more broadly but have drawn outrage from the industry, Deputy President Cyril Ramaphosa said.

“Both parties must go back to the drawing board and they must sit down and talk about their shared interest, their shared future and how best they can reach a measure of consensus” about the new Mining Charter, Ramaphosa said on Tuesday at an event in Johannesburg.

“In the end, the mining industry needs investors but at the same time it needs to transform.”

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