INVESTMENT AND TRANSFORMATION
Deputy President Cyril Ramaphosa says government and the mining industry need to “go back to the drawing board” to recraft the Mining Charter, following the gazetting of the third version, which caused deep consternation within the industry. Speaking at the Gordon Institute of Business Science, in Johannesburg, Ramaphosa said there was “clear misalignment” between the industry, as represented by the Chamber of Mines, and Mineral Resources Minister Mosebenzi Zwane over whether consultation on the third charter had been “full and complete”. The Deputy President made the point that mining needs investment and transformation simultaneously. “If you take the view that the two are not mutually exclusive, then you have commonality of interests – you are then able to move forward,” he said.
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