The Chamber of Mines has voiced its concern regarding potential Gupta family involvement/links with the DMR minister Mosebenzi Zwane.

Further to this, the Chamber notes the allegations that some of Zwane’s special advisors are linked to the boards of the Gupta family companies as well.

On a broader note, the Chamber of Mines is also concerned about the revelations of potential Gupta family involvement in the selection of Cabinet Ministers in South Africa.

These processes are contrary to the country’s Constitution, are of serious concern to the South African mining industry the Chamber of Mines states in an official statement.

These allegations are making the mining sector ask questions about this matter.

Most concerning to the Chamber of  Mines are reports that mining companies are being placed under undue pressure via inappropriate section 93 notices for alleged failure to meet the ownership requirements of the Charter when the subject matter is presently before the court for a ruling.

[quote]Also of concern is the issue of certain section 54 mine safety stoppage notices, given the damage these can do to the industry and investor confidence.

Should the country and industry be concerned about these issues? The Chamber believes so.

The South African mining sector is in crisis. The industry requires policy stability and certainty and fair and transparent implementation of the laws from a licensing perspective. Allegation of corruption and undue political influence in licensing decisions are not in the interests of the industry or the country.

Given that the mining sector still remains a key window on the South African economy through which the global investor community views the country and its investment rating status, these are concerning allegations.

The Chamber will continue to engage all relevant parties, including the minister of Mineral Resources, so that we can address matters negatively affecting the mining sector and the negative perceptions affecting investment in our country.