south african mining compliance charter

South African Mining Charter 2017 - Lexology

Jun 29, 2017 ... Not being compliant with the Mining Charter does not necessarily make it unlawful to conduct mining in South Africa. ... is taken into account when considering an application for a mining right and mining companies are required to report on their compliance with the Mining Charter on an annual basis.

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Draft Mining Charter would restructure BBBEE transactions in the ...

May 6, 2016 ... The Broad Based Socio-Economic Empowerment Charter for the South African Mining and Minerals Industry ("Mining Charter") was first issued in 2004 ... people' instead of 'historically disadvantaged South Africans' and (iii) the shift away from emphasis on compliance with the ownership element only.

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Mining Charter compliance - Mining Review Africa

Apr 1, 2015 ... South Africa – Several South African mining houses have welcomed the Department of Mineral Resources' (DMR) results on the industry's compliance with the Mining Charter since it was first implemented in 2004. The results were announced on Tuesday by South African Mineral Resources Minister...

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Reviewed Broad Based Black-Economic Empowerment Charter for ...

Apr 15, 2016 ... Reviewed Broad Based Black-Economic Empowerment Charter for the South African Mining and Minerals Industry, 2016: Publication of and invitation ... the opportune time to conduct a second assessment of levels of compliance by ... Although there was a noticeable improvement in levels of compliance,.

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South African Mining Charter Put On Hold, Seen as Victory for Industry

Jul 14, 2017 ... South Africa has suspended implementation of a contentious and highly criticized mining ownership law pending a judgement in an urgent interdict application by mining companies, the country's Chamber of Mines said. South African mineral resources minister, Mosebenzi Zwane, has agreed not to...

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Publication of Mining Charter 2017 - Hogan Lovells

Jun 19, 2017 ... We will be sending our further alerts, in the coming days in relation to aspects such as the impact of MC17 on foreign companies and/or foreign companies that supply goods and services to the South African mining industry, the financial impact of compliance with MC17, and the procurement element.

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Department of Mineral Resouces - Department of Mineral Resources

In terms of section 29 of the Mineral and Petroleum Resources Development Act 28 of 2002 (“the Act”) holders of mining rights granted in terms of section 23 of the Act are hereby directed to report their level of compliance with Broad Based Socio Economic Empowerment Charter for the South African Mining Industry as...

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Mining and Minerals Alert - 21 June 2017 - Cliffe Dekker Hofmeyr

Jun 21, 2017 ... CHARTER 2017 – HOW DOES THE NEW. CHARTER AFFECT YOU? The Reviewed Broad-Based Black Economic Empowerment Charter for the. South African Mining and Minerals Industry (“Mining Charter 3”) came into force on 15 June 2017 and imposes huge financial, regulatory and compliance.

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Mining Charter compliance - Harmony

The South African Mining Charter was developed in terms of section 100 of the Mineral and Petroleum Resources Development Act (MPRDA), No. 28 of 2002, with the aim of transforming the mining industry. The charter requires applicants for mining rights to comply with certain empowerment principles for their rights to be...

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What You Need To Know About The 2017 Mining Charter - Energy ...

Jun 22, 2017 ... Within hours of the gazetting of the 2017 Mining Charter, the Chamber of Mines of South Africa (the "Chamber") issued a public statement confirming that it .... Non-compliance with certain of the identified targets will, according to the 2017 Mining Charter, be regarded as a breach of the MPRDA, entitling the...

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Chamber of Mines Slams New Mining Charter as ... - BDO South Africa

Jun 21, 2017 ... The Minister of Mineral Resources, Mr Mosebenzi Zwane released the country's third edition of the Mining Charter on 15 June 2017 amidst a wall of ... The Minister has the power to cancel a company's mineral rights for non-compliance with the Charter, so the implications of this would be far-reaching and...

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The implications of the new look South African Mining Charter ...

Oct 18, 2016 ... SA Minister of Mineral Resources is pushing to finalise revisions to the country's Mining Charter; focussing on restructuring Broad Based Black ... on the mining companies again with complex tax implications; and; failure to meet the required targets could results in automatic non-compliance with the draft...

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South African Mining Development Association - The dti

Apr 22, 2015 ... Source: Integrated Mineral-based Growth & Development” (RADS: Resource-Based African Development Strategy) – Paul Jourdan. 3 ..... EMPOWEREMENT CHARTER FOR THE SOUTH AFRICAN MINING. INDUSTRY ... Transfer Pricing Results in non compliance to the Ownership Requirements of the.

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Transformation in the South African mining industry - SciELO SA

However, despite apparent commitment from government, enforced compliance with social and labour plans, regulations and Mining. Charter targets, the South African mining industry is slow to gain local and international investor trust (Deloitte & Touche, 2013;. Mashego, 2013). Industry players acknowledge that their.

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Mining Charter calls for 30% black ownership - Times LIVE

Jun 15, 2017 ... Mining companies need to top up their black ownership levels to 30% from 26% within 12 months from the time the new Mining Charter comes into effect. ... South Africa ... of this charter to ensure meaningful change‚" he said. The department was bulking up staffing to ensure compliance with the charter.

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South Africa`s deadly new Mining Charter - IRR - OPINION ...

Sep 6, 2017 ... The new mining charter, gazetted on 15th June 2017 by mining minister Mosebenzi Zwane, overlooks South Africa's worsening economic malaise. .... skills development, and community upliftment elements as 'ring-fenced' elements with which mining companies must demonstrate '100% compliance at all...

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Transformation - Chamber of Mines South Africa

Nov 8, 2017 ... Section 100 of the MPRDA requires the Minister of Mineral Resources to set socio-economic targets through the Mining Charter. ... In this regard, the Chamber welcomed the recent decision announced by the DMR that the industry will be exempted from compliance with the provisions of the Broad Based...

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Full Submission on Reviewed Mining Charter – 13 May 2016 ...

May 13, 2016 ... for the South African Mining and Minerals Industry, 2016. Johannesburg, 13th May 2016. Contents Introduction, page 2. The importance of the mining sector to South Africa, page 2. The growing regulatory burden on the mining sector, page 4. Conflicting audits of mining charter compliance, page 7. Content...

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Broad-Based Socio-Economic Empowerment Charter for the South ...

Broad-Based Socio-Economic Empowerment Charter for the South African. Mining Industry. VISION. All the actions and commitments set out below are in the pursuit of a shared vision of a globally competitive mining industry that draws on the human and financial resources of all South Africa's people and offers real benefits...

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Mining Charter III – A Way Forward – African Mining Brief

Feb 3, 2016 ... It is against this backdrop that the time-bound compliance targets stipulated in the Mining Charter of 2004 and its successor, the 2010 Mining Charter and the key instruments used to drive socio-economic change and transformation in the South African mining industry, have expired. In addition, the outcome...

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Empowering The Mining Industry: Lessons From The Last 10 Years

The DMR conducted a mid-term review of Mining Charter compliance in 2009/10 and, flowing from that, published an Amendment of the Broad-Based Socio-Economic Empowerment Charter for the South African Mining and Minerals Industry in September 2010. The aim of this amended charter was to clarify the...

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mining charter - Sasol

Mar 30, 2016 ... to facilitate meaningful participation of historically disadvantaged South Africans (HDSA) in the mining and minerals industry. ... Mining Charter. 2. Mining Charter. ELEMENT. DESCRIPTION. MEASURE. 2014 COMPLIANCE. TARGET. SASOL MINING. SECUNDA. SASOL MINING. SIGMA: MOOIKRAAL.

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Potential compliance issues of new mining charter - Bizcommunity

Jun 28, 2016 ... The draft Reviewed Mining Charter, released for public comment on 15 April 2016 by the Minister of Mineral Resources, reaffirms the South African government's commitment to ensure that, from a 'local content' perspective, any holder of a mining right will be obliged to source a certain percentage of its...

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Mining service providers in doubt over onerous charter provisions

Aug 1, 2017 ... Much of the criticism has been on the amendments to the charter that are intended to increase the compliance thresholds for ownership; management and ... Holders are now obliged to ensure at least 80% of their total spend on services must be sourced from South African companies and a minimum of...

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Legislating social responsibility and the standing of the Mining ...

Legislating social responsibility and the standing of the Mining Charter in achieving this aim ... to the need to legislate social change and no surprise at the importance of the Mining. Charter. LEGAL BRIEF | MAY 2011. The South African mining industry has a social impact ... the concept of compliance with the MPRDA,.

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The South African Mining Charter - This is GOLD

THE SOUTH AFRICAN MINING CHARTER. Pillar. Target. AngloGold. Ashanti. Gold. Fields. Harmony. Sibanye. 1. REPORTING. Companies developed Social and Labour. Plans (SLPs) to achieve Charter adherence. SLPs are approved by the DMR, and companies report annually to the DMR on their compliance. Annually.

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Zupta Zwane's BEE mining charter mess: A comprehensive analysis ...

Jun 23, 2017 ... Much controversy has surrounded the Reviewed Broad-Based Black Economic Empowerment Charter for the South African Mining Industry. ... Non-compliance. If a Holder fails to comply with the ownership, mine community development and human resource development elements and falls within level 5...

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Peter Leon - Some Thoughts on the South African Mining Industry at ...

Next, in May 2015, the Chamber of Mines of South. Africa ('the Chamber'), responding to an adverse— and disputed—Mining Charter audit by the DMR of their members' compliance with the Charter's 26% historically disadvantaged South African ('HDSA') ownership requirements, launched proceedings against the DMR in...

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Mining Charter: Department of Mineral Resources, Business Unity ...

Mining Charter: Department of Mineral Resources, Business Unity South Africa, Chamber of Mines: public hearings Day 1 ... The Department concluded that a monitoring and evaluation module was to be developed to ensure higher levels of compliance; companies must report levels of compliance annually; and there must...

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Deficit in trust, certainty and compliance in SA's mining sector

Aug 23, 2016 ... The revisions to the charter announced by government in April 2016 have deepened the cracks between government and industry. The key points in the draft are: To pursue the target of 26% ownership of mining companies by historically disadvantaged South Africans. Retaining this calculation is the major...

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The Mining Industry fails to comply with the Mining Charter

May 21, 2015 ... The degree of non-compliance with the Mining Charter by the industry is shocking to say the least, says The ... dissatisfaction with mining Corporate Social Responsibility (CSR) programmes and local employment promises ... broad base of black South Africans at the bottom and a tiny pinnacle at the top”.

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Court challenge to SA Mining Charter postponed to February - EWN

Nov 27, 2017 ... The chamber and the ministry are locked in a number of legal disputes over the mining charter, which aims to increase black ownership and participation in the industry.

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Annexure B_Comparative Analyses of SLP System Legislation and ...

"Historically Disadvantaged South Africans" ("HDSA") refers to South African citizens, category of persons or community, disadvantaged by unfair discrimination before the .... Every mining company must report its level of compliance with the Mining Charter annually, as provided for by Section 28(2)(c) of the MPRDA.

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Revised deadline for DMR Mining Charter reports submission ...

Apr 12, 2016 ... “In terms of section 29 of the Mineral and Petroleum Resources Development Act 28 of 2002 (“the Act”) holders of mining rights granted in terms of section 23 of the Act are hereby directed to report their level of compliance with Broad Based Socio Economic Empowerment Charter for the South African...

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AngloGold Ashanti West Wits Operations Mining Charter ... - The Vault

SCORECARD FOR THE BROAD-BASED SOCIO-ECONOMIC EMPOWEREMENT CHARTER FOR THE SOUTH AFRICAN MINING INDUSTRY -. WEST WITS OPERATIONS AS AT 31 DECEMBER 2016. No. ELEMENT. DESCRIPTION. MEASURE. COMPLIANCE TARGET. BY 2016. PROGRESS ACHIEVED BY 31...

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Prominent DMR critic hopes for "new" Mining Charter by year-end ...

Feb 2, 2018 ... THE political developments of the last few weeks – most notably industry sweetheart Cyril Ramaphosa's December election as president of the ANC – is already boosting moods in the corridors of South Africa's mining companies. That's according to mining lawyer Hulme Scholes – an unlikely source of...

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Industry Trend Analysis - South Africa's Mining Recovery To Be ...

The introduction of the mining charter will further dent South Africa's investment environment, as miners are forced to adhere to stricter compliance of black ownership participation rates, which must be implemented within three years of the passing of the charter ( see ' New Mining Charter To Cause Investment Uncertainty '...

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Mines Must Be At Least 30 Percent Black Owned Says New Charter

Jun 15, 2017 ... Thirty percent of each South African mine must be blacked owned, a new Mining Charter unveiled by Mineral Resources Minister Mosebenzi Zwane on ... According to the Department of Mineral Resources in 2016, an assessment of compliance by mining companies with the Amended Charter of 2010...

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Mining charter scorecard 2013 - Financial Results

Jun 30, 2013 ... reporting, Harmony Gold Mining Company Limited (Harmony) has again incorporated its broader social, ... Board, the South African Companies Act, No 71 of 2008 (the act) and the Listings Requirements of the ... Report on the level of compliance with the charter for the calendar year. Documentary proof of...

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Mining Charter South Africa | All media content | DW | 19.02.2018

Feb 19, 2018 ... The third version of the South African Mining Charter was to promote transformation, the economy and jobs. Instead it created division and mistrusts between industry, government and ordinary miners who fear for their jobs. Community organisations and mining companies have now gone to court to force a...

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