The Science Of ...

South Africa’s draft Mining Charter 3 for dummies (highly intelligent ones)

Platinum nugget. Picture: Supplied.

We got the disastrous Charter in 2017… now we have the much improved Charter… It’s a much better drafted document, which lawyers always appreciate!

Brandon Irsigler, Strata Legal (Pty) Ltd

‘Once empowered, always empowered’ has almost certainly been put to bed…

Brandon Irsigler, Strata Legal (Pty) Ltd

Mineral Resources Minister Gwede Mantashe gazetted a draft of the new Mining Charter last week.

The previous charter drew fierce criticism from some communities who claimed they were left out of the process.

Earlier this year, the High Court ruled that mining communities must be included in charter negotiations.

A public participation process into the draft is underway.

Mining communities now say the draft document appears to be workable.

The Minerals Council SA, however, says there are elements of the draft Mining Charter that undermine the competitiveness of the industry.

The Money Show’s Bruce Whitfield interviewed Strata Legal (Pty) Ltd Director Brandon Irsigler for his weekly “The Science Of” feature.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

All the inequities of the past are addressed in the Mining Charter…

Brandon Irsigler, Strata Legal (Pty) Ltd

The term ‘free carry’ is not defined in Charter 3… If you look at Botswana, they have ‘free carry’…

Brandon Irsigler, Strata Legal (Pty) Ltd

You are obliged to articulate exactly what you’re going to do for your community…

Brandon Irsigler, Strata Legal (Pty) Ltd

The obligations to empower has been pushed down the supply chain…

Brandon Irsigler, Strata Legal (Pty) Ltd

This is the next step in transforming the industry…

Brandon Irsigler, Strata Legal (Pty) Ltd

The board representation… I think that’s going to really push the transformation agenda… There might be some pushback…

Brandon Irsigler, Strata Legal (Pty) Ltd

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This article first appeared on 702 : South Africa’s draft Mining Charter 3 for dummies (highly intelligent ones)


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