Mining Charter III: Certainty, but at a cost – Peter Leon
If the mining sector is to truly become the “sunrise industry” that the Government wishes it to be, it will have to become more proficient in how it regulates the industry.
If the mining sector is to truly become the “sunrise industry” that the Government wishes it to be, it will have to become more proficient in how it regulates the industry.
While Mineral Resources Minister Gwede Mantashe made several concessions on Mining Charter III, it’s still a problematic document for several reasons.
Mineral Resources Minister Gwede Mantashe issued a new Mining Charter last week, seeking to reduce uncertainty and boost investment in the sector.
Coal of Africa’s Chief Operations Officer Michiel Jakobus Bronn was fined for insider trading that took place even after he was instructed by the company’s chief executive officer not to trade shares.
Anthea Jeffery says any real attempt to ‘re-imagine the mining industry’ must start with a fundamental rethink of flawed policies such as the MPRDA and the draft mining charter.
The weasel clause that was taken out of an earlier version of the Investment Bill has effectively reappeared in the latest version of the Expropriation Bill of 2015, says Anthea Jeffery.