HomeBase MetalsSA mining charter review is ready

SA mining charter review is ready

Perth “’ venue for the
Africa Down Under
mining conference
Perth, Australia — MININGREVIEW.COM — 01 September 2010 – South Africa “’ the world’s largest platinum producer “’ will release a review of the nation’s Mining Charter this month, according to mines minister Susan Shabangu.

Revealing this at the Africa Down Under mining conference here, she did not give a precise date, but did confirm that it would happen in September.

The 2004 charter had required companies to sell 15% of their South African assets to black investors by the end of 2009 and 26% by 2014, to make amends for apartheid, the segregation policy that ended in 1994. The South African government is required to review the document five years after its inception.

Department of Mineral Resources spokesman Jeremy Michaels confirmed yesterday that the review would be published “within weeks.”

South Africa is also the world’s biggest producer of ferrochrome and the fourth-largest gold producer after China, Australia and the United States.