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We have considered both the draft and final submissions from the Minerals Council South Africa on the Draft Broad Based Socio Economic Empowerment Charter for Mining and Mineral Industry August 2018 ("the Minerals Council Submissions") and make reference to certain of the issues raised therein, in this submissions.
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165. As the mining sector gears up for the Mining Indaba, Alchemy Law, a Johannesburg-based legal firm, has released a comprehensive white paper addressing the complexities and impact of South Africa's Mining Charter.
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The recently published South African 2018 Mining Charter aims to find a middle ground by building investor confidence while simultaneously driving transformation. The delayed third Charter, published in September 2018, saw a change in approach focusing on collaboration and
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Mining Charter, 2018: Broad-based Socio-Economic Empowerment Charter for Mining and Minerals Industry: Amendment
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The Mining Charter, 2018 is a government policy to transform the mining and minerals industry in South Africa. It covers ownership, procurement, human resources, …
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Positives of the Mining Charter: Economic contribution: The mining sector has historically been a significant contributor to South Africa's economy, providing employment opportunities and generating revenue through exports. Social development: Mining charters often include provisions for social development and community …
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Therefore, the 2018 Mining Charter is not binding subordinate legislation but an instrument of policy. This interpretation is consistent with the objects of the MPRDA as called for by section 4(1) thereof. ... It constitutes a radical departure from the previous system of mineral and mining law that applied in South Africa.
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Mining Charter, 2018 Keyword Document Type - Any - Acts Bills Draft bills Constitution Constitutional amendments Notices Green papers White papers Tenders Annual reports …
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The Mining Charter aims to promote Black ownership, social responsibility and ESG principles in the mining sector, but faces criticism for policy uncertainty and investment …
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The gazetting of the Mining Charter 2018 is a step towards creating regulatory and policy certainty in South Africa's mining industry, says Mineral Resources Minister Gwede Mantashe.
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South Africa's Department of Mineral Resources has published a draft Mining Charter that seeks to raise black ownership of mining companies operating in the country to 30% from the existing 26% within five years. The new draft charter comes after negotiations were conducted with mining communities and organisations across the …
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The government and industry have approved the final version of the charter, which aims to boost black ownership and economic benefits in the sector. The charter recognises past …
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10 Application of the Mining Charter, 2018 to licences and permits granted and issued in terms of the Diamonds Act and the Precious Metals Act . 11 Regime for Junior Miners . 12 Review of Mining Charter Guidelines . 13 List of Tables . 1 Introduction. The Mining Charter, 2018 derives from the Mineral and Petroleum Resources
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Government adopted Mining Charter 2017 which raises black ownership threshold for mining firms 15 Jun 2017. The new Mining Charter raises the minimum threshold for black ownership of mining companies to 30 per cent from 26 per cent.
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The South African 2018 Mining Charter has contributed to policy and regulatory certainty in the sector. Other support programmes • Support Programme for Industrial Innovation (SPII) • Technology and Human Resources for Industry Programme (THRIP) • …
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In 2004, the year South Africa's far-reaching Mining Charter was first introduced, black ownership in South Africa's globally recognised mining industry stood at a negligible 2%. This has now ...
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The recently published South African 2018 Mining Charter aims to find a middle ground by instilling investor confidence while simultaneously driving transformation. Topics in this article Mining & Materials, Oil & Gas, Center for Energy & Industrials
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The draft charter sets out the objectives, elements and application of broad-based socio-economic empowerment in the mining and minerals industry. It aims to redress …
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Reviewed Broad Based Black -Economic Empowerment Charter for the South African Mining and Minerals Industry, 2016 (Reviewed Mining Charter, 2017) for implementation. The Reviewed Mining Charter shall come into operation from the date of publication of this notice in the Government Gazette. A copy of the Reviewed Mining Charter, 2017 is …
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The Charter outlines requirements for Junior Miners – i.e., a mining right holder with a single or multiple mining rights, having a combined annual turnover of less than 150 million Rand. The Charter has also set targets for licences granted under the Precious Metal Act, 2005 and the Diamonds Act, 1986; and threshold for precious metals ...
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Mining Charter. The mining industry in South Africa is built on a legacy of inequality and exploitation. The Mining Charter is one of the most important mechanisms we have for addressing this legacy and promoting much-needed transformation in the sector. The most recent version of the Charter, released by the Department of Mineral Resources on ...
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The objective of the Peoples Mining Charter Campaign in South Africa will be to unite mining affected communities across various mining issues into a movement that will be able to act as a united voice for these communities in policy, regulatory and governance issues and by so doing, to offer a counter balance to the unequal power relations within …
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1. The Mining Charter. The Broad-Based Black Economic Empowerment (B-BBEE) Charter for the South African Mining and Minerals Industry, commonly known as the Mining Charter, was first …
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MINERALS COUNCIL SOUTH AFRICA MINING CHARTER COMPLIANCE TRANSFORMATION PROGRESS SURVEY It is in this context that the Minerals Council, together with the advisory firm Moshe Capital, has conducted a survey of the industry's transformation progress amongst its members. The objective of this survey was to …
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(Bloomberg) — South African Mineral Resources Minister Gwede Mantashe issued a new Mining Charter last week, seeking to reduce uncertainty and boost investment in the sector.
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The country's new Mining Charter, which is aimed at distributing South Africa's mineral wealth more widely, will apply the "once empowered, always empowered" principle as long they met the ...
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More recently, Mining Charter III sought to increase this to 30% for existing rights holders, however, in the case of Minerals Council of South Africa v Minister of Mineral Resources and Energy and Others ZAGPPHC 623 (21 September 2021) ("Minerals Council case"), the court recognised the 'flow-through' principle as well as the 'once …
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CHARTER THE FOR MINING AND MINERALS INDUSTRY, 2018. I, Samson Gwede Mantashe, Minister of Mineral Resources, hereby in terms of section 100 (2) of the …
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Mining Charter. The mining industry in South Africa is built on a legacy of inequality and exploitation. The Mining Charter is one of the most important mechanisms we have for addressing this legacy and promoting much-needed transformation in the sector. The most recent version of the Charter, released by the Department of Mineral …
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Regulation 42 to the Minerals and Petroleum Resources Development Act requires mining companies to submit to the Department of Mineral Resources and Energy a Social and Labour Plan (SLP) as a pre-requisite for the granting of a mining right. SLPs are the instruments for achieving transformation in terms of the Mining Charter.
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Below, we highlight six key takeways from the final Mining Charter III and their practical implications for the South African minerals industry. Before doing so, we briefly reflect …
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Mining Charter III contains far reaching changes and introduces more onerous compliance obligations than those currently stipulated in the Broad-Based Black Economic …
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