Lawyer says changes brought about by revised Mining Charter pose challenges for the industry

Although there is significant consensus that the new approach towards black economic empowerment investment within the mining industry has merits. The implementation of the 26% ownership for life requirement will expose serious pitfalls within the...

Lawyer cautions against wholesale changes to minerals legislation

Johannesburg legal firm Werksmans Attorneys has cautioned against wholesale amendments to the Minerals and Petroleum Resource Development Act (MPRDA) of 2002, stating that such amendments would discourage foreign investment in the resource sector...

Codes of good practice clash with Mining Charter

Although the South African mining industry has not experienced a setback following the implementation of the socioeconomic empowerment charter for the South African mining and minerals industry, incorporating broad-based black economic-empowerment...

New Act, amendments cause for concern

The recent announcement that amendments will be made to the Mineral and Petroleum Resources Development Act (MPRDA) has left several mining companies uncertain, says corporate and commercial law firm Werksmans director Morné van der Merwe.