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Mineral Resources Minister Mosebenzi Zwane is facing yet more court action over his controversial decisions regarding the industry.
The Chamber of Mines — which has already launched a legal challenge over Zwane’s new Mining Charter — is now challenging a notice issued by the minister last week.
Zwane, who is a Gupta deployee, indicated in the notice that he wants a moratorium on all new applications for renewing or transferring mining rights. The move is seen as a backlash to the Chamber’s initial legal challenge.
There’s an ugly war in the industry. Mining stocks such as Anglo Gold and Sibanye have already born the brunt — and, ultimately, there can only be losers in this battle.
Cyril Ramaphosa: The Audio Biography
Listen to the story of Cyril Ramaphosa's rise to presidential power, narrated by our very own Alec Hogg.