The Draft Broad-Based Socio-Economic Empowerment Charter for the Mining and Minerals Industry (2018 Draft Mining Charter) was published for comment by Gwede Mantashe, the Minister of Mineral Resources, on 15 June 2018.
Should the 2018 Draft Mining Charter be implemented in its current form, how will the 2018 Draft Mining Charter affect your business and how does it compare to the 2010 Mining Charter? We set out below a side by side summary of the 2010 Mining Charter requirements and the requirements of the 2018 Draft Mining Charter, highlighting the differences between the respective charters.
Please note that this comparison does not analyse or provide any legal opinion or commentary in relation to the respective charters. Further, there are a number of drafting issues and anomalies that exist in the 2018 Draft Mining Charter. We have, however, set out the requirements below as per the current language of the 2018 Draft Mining Charter.