Categories: Business
| On 7 years ago

Chamber of mines says it will challenge new charter in court

By Citizen Reporter

South Africa’s Chamber of Mines said it will raise a court challenge against a new mining charter announced earlier on Thursday by the mines minister that increased the minimum threshold for black ownership of mining firms to 30 percent from 26 percent.

South Africa’s mining industry has said that it has not been consulted enough and it is losing investment as a result.

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