#MiningCharter to be finalised in three months, says Mantashe

New mining minister Gwede Mantashe said he will finalise the Mining Charter, which has been challenged by mining companies, in the next three months. Picture: Cindy Waxa/African News Agency/ANA

New mining minister Gwede Mantashe said he will finalise the Mining Charter, which has been challenged by mining companies, in the next three months. Picture: Cindy Waxa/African News Agency/ANA

Published Feb 28, 2018

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Johannesburg - New mining minister Gwede Mantashe said on Wednesday he will finalise the Mining Charter, which has been challenged by mining companies, in the next three months.

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The uncertainty around the new rules contained in the charter has deterred investment into a sector that accounts for around 8 percent of South Africa's gross domestic product.

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The Charter sets out rules meant to increase black ownership of the mining industry, which is largely controlled by white people.

Reuters

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