south african mining compliance charter

south african mining compliance charter

Mining Charter 3 and the embattled mining and natural ...

One of the further amendments which were made to Mining Charter 3 on 20 December 2018, was the insertion of a new item 9. Despite the wording of item 9 of Mining Charter 3, non-compliance could be regarded as a breach of the Mineral and Petroleum Resources Development Act, No. 28 of 2002 (“MPRDA”), exposing holders to potential prosecution.


South African Mining Charter Put On Hold, Seen as Victory ...

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 implement the current redraft of the Mining Charter Three pending judgement of an urgent interdict ...


4th Edition - Werksmans

mining industry to assist the entrance of historically disadvantaged South Africans into the minerals and mining industry applies to all holders of prospecting rights and mining rights. A mining charter was published in 2004 when the MPRDA came into effect but has been substituted by an amended mining charter …


2018 Mining Charter Analysis Finding a happy medium Value ...

Empowerment Charter for the South African Mining and Minerals Industry, commonly known as the Mining Charter, was first developed in 2002, and amended in 2010. The Charter was developed, following the Minerals and Petroleum Resources Development Act (MPRDA), as …


Mining Charter, 2018: Implementation guidelines | South ...

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AFPLATS SCORECARD FOR THE BROAD-BASED SOCIO …

AFPLATS SCORECARD FOR THE BROAD-BASED SOCIO-ECONOMIC EMPOWERMENT CHARTER FOR THE SOUTH AFRICAN MINING INDUSTRY ELEMENT DESCRIPTION MEASURE COMPLIANCE TARGET BY 2016 MINING CHARTER TARGET 2016 Weighting Achieved 2016 1 Reporting Has the company reported the level of compliance with the Charter for the Calendar year Documentary proof of


South African Mining Charter 2017 - Lexology

Jun 29, 2017· South African Mining Charter 2017 ... in the South African mining industry. ... for a mining right and mining companies are required to report on their compliance with the Mining Charter …


Industrialisation to help South Africa’s mining cluster ...

Developed to help industrialise South African mining and ensure compliance with the charter, Mohlahlo explained that the system would be used to facilitate the adoption of standardised production ...


South African Mining Charter review - Lexology

Oct 21, 2010· The recently amended Broad Based Socio Economic Empowerment Charter for the South African Mining Industry (hereafter referred to as the "Mining Charter…


Mineral Resources, Department of/ Minerale Bronne ...

CHARTER FOR THE SOUTH AFRICAN MINING AND MINERALS INDUSTRY, 2016. I, Mosebenzi Joseph Zwane, MP, Minister of Mineral Resources, hereby publish the draft Reviewed Broad Based Black- Economic Empowerment Charter for the South African Mining and Minerals Industry, 2016 (draft Reviewed Mining Charter) for public comments.


Local Content - South Africa Mining and Petroleum - CCSI ...

LOCAL CONTENT South Africa – Mining & Petroleum . ... Empowerment Charter for the South African Mining and Minerals Industry ... compliance with the Mining Charter scorecard was a requirement for mining companies to obtain conversions of their rights (Mining Charter 2004).


SA unlikely to see new mines whilst Mining Charter III ...

Jul 03, 2019· Under the Mineral and Petroleum Resources Development Act (MPRDA), compliance with the industry charter is necessary to secure a mining right. South Africa’s first mining charter was gazetted in 2004. A revised charter was gazetted in 2010, setting higher targets for black ownership and local procurement, among other provisions.


New Mining Charter released, with new BEE requirements

Boards must comprise 50% black South Africans, 20% of which must be black women — and then there's trickle dividends. ... New Mining Charter released, with new BEE requirements


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

Jun 22, 2017· On Thursday, 15 June 2017, the Minister of Mineral Resources, Mosebenzi Zwane (the "Minister") gazetted the Broad-Based Black Socio-Economic Empowerment Charter for the South African Mining and Minerals industry, 2017 (the "2017 Mining Charter"), which …


The Compliance Universe - Associated Compliance

The Compliance Universe ... with South African Generally Accepted Compliance Practice1. PRACTICE NOTE Each organisation should establish and maintain a compliance framework and process that is appropriate taking into account the laws, rules, codes and standards that are applicable in the light of compliance risk ... 2.2 COMPLIANCE CHARTER


Mining Charter Implementation Guidelines & Amendments to ...

The Broad-Based Socio-Economic Empowerment Charter for the Mining and Minerals Industry, 2018 (Mining Charter) was finalised and published on 27 September 2018 and stipulates that it is to be read together with Implementation Guidelines, which were set to be gazetted within two months of the Mining Charter being published.


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 granted.


4 No. 41934 GOVERNMENT GAZETTE, 27 SEPTEMBER 2018 ...

Charter for . South the African Mining and Minerals Industry ( "Mining . Charter ") as . a . regulatory instrument. Consequently, in . 2004 the . Minister developed . the Mining . ... compliance . with . the . Mining Charter, 2018 annually, as provided . for . by Section 28 (c) (2) the of MPRDA. The Department shall monitor and . evaluate


The mining charter and social responsibility - Werksmans

May 23, 2011· “ The Mining Charter is not merely a document containing the goals to be achieved by the mining industry; in many circles the charter is accepted as law and non-compliance with its provisions is considered a breach of the MPRDA,” says Badenhorst.


New Mining Charter Puts Pressure on Procurement | Digital ...

Jan 18, 2018· According to the chart, mining rights holders must now ensure that at least 80% of their total spend on services is sourced from South African companies. It means mining right holders have to increase their compliance with procurement requirements devised in the Charter to 80% from the current level of 63% achieved in 2016 and previously ...


Mining Charter compliance - Harmony

Mining Charter compliance Progress against Mining Charter targets Although the new Mining Charter is yet to be finalised, we at Harmony have continued to work towards fulfilling our commitments, in line with the underlying spirit of the 2014 Mining Charter and with our overall commitment to transformation.


Miners Drop as South Africa Escalates Black Ownership ...

Jun 15, 2017· South African regulators unveiled a new mining charter to force companies to give more ownership to black shareholders, sparking a selloff across …


Cliffe Dekker Hofmeyr - The Revised Mining Charter 2010

The Revised Mining Charter 2010. ... The long-awaited review of the Broad-Based Socio-Economic Empowerment Charter for the South African Mining and Minerals Industry (Revised Charter) was released by the Minister on 13 September 2010. ... However, the wording of the Revised Charter stipulates that "Non compliance with the provisions of the ...


Draft Mining Charter would restructure BBBEE transactions ...

Draft Mining Charter would restructure BBBEE transactions in the South African mining industry On 15 April 2016, the Department of Mineral Resources (" DMR ") published the draft Reviewed Broad Based Black Economic Empowerment Charter for the South African Mining and Minerals Industry, 2016 (" Draft Mining Charter ") for comment.


Compliance with the Mining Charter

May 20, 2016· The Broad-Based Socio-Economic Empowerment Charter for the South African Mining and Minerals Industry (Mining Charter) was signed by the DMR, the Chamber of Mines, South African Mining Development Association and the National Union of Mine Workers on 11 October 2002, and promulgated in 2004.


Mining Charter 2018 - hoganlovells.com

Oct 01, 2018· For now, the focus is on analysing Mining Charter 2018 with a view to implementation and compliance. The South African mining and natural resources sector has been widely recognised as a significant contributor and potential further contributor to growth and transformation in South Africa for the benefit of all South Africans.


South Africa's new mining charter

Sep 14, 2010· Penalties for non-compliance The South African Mining Development Association and the National Union of Mineworkers have welcomed the new Mining Charter, saying that non-compliance would be dealt with. Under the new charter, companies found not complying could face penalties which could include the revoking of a mining company’s licence.


Publication of Mining Charter 2017 - Hogan Lovells

The publication of the Reviewed Broad-based Black Economic Empowerment Charter for the South African Mining and Minerals Industry, 2016 in the Government Gazette on 15 June 2017 (MC17) had and immediate, dramatic effect on the mining industry …


Full text of Mining Charter

Attached is the full text of the "Proposed Broad-Based Socio-Economic Empowerment Charter for the South African Mining Industry", which was released by government on October 9 2002.


overnment ette Sttsoernt - Department of Energy

transformation charter for a particular sector of the economy, if the Minister is satisfied that the 2.1 The purpose of this proclamation is to inform the South African public of the intention of the Minister of Energy to align the B -BBEE Petroleum and Liquid Fuels Sector Transformation


MINING AND MINERALS - Cliffe Dekker Hofmeyr

Jun 21, 2017· 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 obligations on an already fragile South African mining …


2018 DRAFT MINING CHARTER Unpacking the 2018 draft …

draft Mining Charter aimed at strengthening its effectiveness, while taking into account the realities facing the industry. The Broad-Based Black Socio-Economic Empowerment Charter for the South African Mining and Minerals Industry, commonly known as the Mining Charter, was first developed in 2002, and amended in 2010. It served as an instrument


South Africa's Mining Charter III Puts Survival of Junior ...

South Africa's Mining Charter III "heaps more pain on South Africa’s alluvial diamond producers who already face enormous cost burdens and high risks," writes Gert van Niekerk, Chairman of the South African Diamond Producer’s Organisation in a recent opinion peice in Mining Review Africa.