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SA government to endorse new mining charter in May

South African
mineral resources
minister Susan
Johannesburg, South Africa — MININGREVIEW.COM — 21 April 2010 – The South African government will endorse a new mining charter to bring greater black ownership to the mining sector next month, according to mineral resources minister Susan Shabangu.

She has not revealed what changes are planned under the review of the five-year-old charter, which calls on mining companies to employ more black managers, but which the government believes has not made enough progress. Mining companies hope there will not be major changes.

“The changes to the charter have not fundamentally shifted the goal posts, but aim to enhance compliance with black economic empowerment,” Shabangu told Reuters, adding that feedback should have been received by the end of April.

“In early May, the cabinet will endorse the changes and it will strengthen this tool of transformation,” Shabangu said.

She added that the mining department had finalised an inventory of all mineral resources still under state control, and that the government would decide next month whether to keep all the assets or sell some.

Reuters points out that when she took charge last year, Shabangu said her first task would be to oversee the first major review of the charter designed to reverse decades of exclusion of South Africa’s black majority under white apartheid rule.