Loading ...SA miners say being unduly pressured over licenses
The Chamber of Mines of South Africa, which represents companies including Glencore and Anglo American, said it wants reports probed that mines are receiving notices from the government suspending operations because they don’t meet black ownership requirements probed because those regulations are due to be ruled on by a court.
This week the High Court in Pretoria began hearing a case lodged by the Chamber against the Department of Mineral Resources. The judge is being asked to rule on the legality of a requirement added by the DMR to the mutually agreed mining charter in 2010 that requires mine assets to be at least 26% black-owned at all times even when black investors sell their stakes is legal. The Chamber also said safety stoppages are being issued improperly.