Johannesburg- The Chamber of Mines applied to the high court Gauteng Division on Monday for an urgent interdict to prevent the implementation of the Reviewed Mining Charter, as published by the Department of Mineral Resources (DMR) earlier this month.
The Chamber said an application to have the updated Mining Charter reviewed in terms of the Promotion of Administrative Justice Act (PAJA) will follow in due course. The Charter sets new black ownership targets for the industry.
The targets include new mining rights holders having 30% black ownership to be shared among employees, communities and black entrepreneurs.
Those applying for prospecting rights would be required to have a "minimum of 50% plus one black person shareholding."
The Chamber's high court application noted that its members were fully committed to the transformational objectives of the Minerals and Petroleum Resources Development Act (MPRDA).