Tag: 30% Black Ownership

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Breaking News Business Mining South Africa

Chamber of Mines takes the revised mining charter to court

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 […]

The 2017 Mining Charter  “requires” 30% Black ownership
Breaking News Business Mining South Africa

The 2017 Mining Charter “requires” 30% Black ownership

The 2017 Mining Charter has increased the level of black ownership in mining companies from 26% to 30%. “Holders who have maintained a 30% black shareholding will not be required to restructure their shareholding,” Mineral Resources Minister Mosebenzi Zwane said. Addressing a media briefing in Pretoria on Thursday, Minister Zwane said the 30% ownership requirement […]