South Africa Must Reopen Talks on Mine Rules, ANC's Mkhize Says
- Miners, government, labor should work together, official says
- Mining industry says charter risks impeding mine investment
An employee guides a haul truck into service at the Sishen open cast mine in South Africa.
Photographer: Nadine Hutton/BloombergThis article is for subscribers only.
South Africa should reopen negotiations with the mining industry on much-criticized new rules rather than rely on the courts to resolve disputes, said African National Congress Treasurer-General Zweli Mkhize.
The mining industry, represented by the Chamber of Mines, and the Department of Mineral Resources are in a standoff over the Mining Charter, which puts extra levies on companies and increases black-empowerment requirements that may dilute shareholders. A judicial review, in which Mineral Resources Minister Mosebenzi Zwane must justify the new measures to a bench of judges, is scheduled for December.