Industry’s challenge to mining charter is against progress, says Gwede Mantashe

mineral resources Minister Gwede Mantashe at the Africa Mining Indaba in Cape Town. South Africa. 05/02/2019. Picture: SIYABULELA DUBA / GCIS

In his keynote address at the official opening of Sasol’s Impumelelo colliery near Secunda on Friday, Mantashe said that while the world had recognised the strides SA had made in the mining sector over the past year, the council, which represents most major mining companies in SA, has chosen to approach the courts to review the charter.

The completion of the Mining Charter was prioritised under the leadership of President Cyril Ramaphosa in order to provide much-needed policy certainty. After extensive consultation, the charter was finalised and gazetted in September 2018. At the time, the industry had said that there were a few details to iron out but, in general, it was a charter it could live with.

“On policy and regulatory certainty, we have jumped 25 spots — from 81 to 56 — in in one year,” Mantashe said. “When it comes to investment attractiveness we have jumped five spaces — from 48 to 43 in one year.”

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