Mantashe to unpack finalised Mining Charter on Thursday

accreditation

Minister of Mineral Resources Gwede Mantashe will on Thursday morning brief members of the media on the finalised version of the Mining Charter.

The long-awaited release of a renewed charter comes a week after Minister of Communications Nomvula Mokonyane confirmed that it had been approved by Cabinet.

The charter caused bad blood between industry employers organisation the Chamber of Mines and former Mining Minister Mosebenzi Zwane, with the chamber - now the Minerals Council South Africa - threatening court action to stop it being instituted. 

It took the intervention of President Cyril Ramaphosa in February to bring both parties back to the negotiating table. Ramaphosa named Gwede Mantashe as new minister of mineral resources in late February. 

In June Mantashe committed to developing a charter which would ensure mine workers and mining communities reaped the benefits of mining companies' operations, while shielding companies from unnecessary volatility. In July, the department held a summit to discuss latest version of the Charter with the industry and social partners. A draft version of the charter for public comment was published shortly thereafter. 

Union Solidarity told Fin24 that it was confident that the latest version of the charter would have as few points of contention as possible for the mining sector and labour.

The briefing is set to take place at 10:00 in Pretoria.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Rand - Dollar
14.71
+0.5%
Rand - Pound
20.46
+0.3%
Rand - Euro
17.43
+0.2%
Rand - Aus dollar
10.85
+0.3%
Rand - Yen
0.13
+0.6%
Gold
1,807.90
+0.5%
Silver
24.98
+1.2%
Palladium
2,628.86
+0.8%
Platinum
1,070.75
+1.5%
Brent Crude
74.48
-0.0%
Top 40
62,369
+1.9%
All Share
68,526
+1.8%
Resource 10
70,272
+1.3%
Industrial 25
87,347
+2.8%
Financial 15
12,825
+0.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
In light of the recent looting, do you think a basic income grant is the right approach to deal with SA’s hunger and poverty problems?
Please select an option Oops! Something went wrong, please try again later.
Results
It will go a long way in helping fight the symptoms of SA’s entrenched inequality, especially for those who are starving right now
20% - 1423 votes
SA’s problems are complex, and we instead need to spend that money on building and growing our economy, which will help the country in the long run
31% - 2212 votes
All grants are a problem as they foster a reliance on handouts
49% - 3510 votes
Vote