A senior official of the South African government announced that next month will be published the revised Charter mining (Mining Charter), which is aimed at eliminating racial and economic disparities in the country.
The Charter was first introduced in 2002 to increase ownership of South Africa's black population in the mining industry, and revised in 2010 as part of a consultative approach to the new rules.
This Charter requires companies to provide housing and other amenities in the community working mines. Meanwhile, the company's negative view of the new statute on the background of lower commodity prices.
"Revision of the Charter of the mining operations will be completed in March ... we conducted extensive consultations with stakeholders", - said the Minister of Mineral Resources of the Republic of South Africa Mosebenzi Dzhozef Zvane (Mosebenzi Joseph Zwane) in a speech at a conference in Cape Town.
"We encourage investors to come to South Africa and honestly engage our people in its activities, as we move towards the transformation of our economy", - the minister added.
Mining Chamber of South Africa has since filed a lawsuit against the government over the interpretation of the Charter of the property in the latter. It requires mining companies to bring the proportion of the black population of ownership up to 26%, even if the black citizens get rid of their assets one way or another.
The head of the African Division of the audit company Deloitte Endryu Leyn (Andrew Lane) said that mining companies have not yet seen the reflection of its own contribution to the Charter.
He also said that despite the words of the Minister of the Government's commitment to beneficiation, the authorities need to clearly identify the need to address this issue, the mining industry is not alone, and the joint efforts of a wide range of stakeholders.
Mining and quarrying is about 7% of the South African economy.
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