The Chamber of Mines has applied to a high court for an interdict to prevent the implementation of a new charter which requires at-least 50% black representation on Board Level, 25% of which must be black females; at an executive/top management level and 30% black ownership.
“The vast and systemic damage which the publication and threatened enforcement of the 2017 Charter has and continues to inflict … requires, it is submitted, urgent redress,” the chamber said in a statement.
A court application to have the new mining charter reviewed in terms of the Promotion of Administrative Justice Act will follow in due course, the chamber said
— Chamber of Mines SA (@Mine_RSA) 26 June 2017
The charter further requires the holder of a mining right to pay 1% of its annual turnover to the 30% black persons shareholding prior to and over and above any distributions made by a holder to its shareholders.
Mineral Resources Minister Mosebenzi Zwane announced the revised Mining Charter this month just about few weeks ago.
The charter was welcomed by the cabinet and the ruling party but came under scrutiny from the opposition parties such as Democratic Alliance and FF+, economic experts and civil society groups.
Rivals, Economic Freedom Fighter also welcomed the charter but insisted on their demands for the Nationalization of mines to benefit all the citizens.
North West Premier Supra Mahumapelo also welcomed the charter in his Platinum rich province saying it will benefit his people.