{"id":179547,"date":"2017-06-15T11:46:59","date_gmt":"2017-06-15T09:46:59","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=179547"},"modified":"2025-12-10T17:44:14","modified_gmt":"2025-12-10T15:44:14","slug":"south-african-mines-must-be-30-black-owned-mining-minster","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/179547\/south-african-mines-must-be-30-black-owned-mining-minster\/","title":{"rendered":"South African mines must be 30% black-owned: Mining minister"},"content":{"rendered":"

South African minister of mineral resources Mosebenzi Zwani has announced government’s new position on mine ownership in the country, saying that 30% of all mines need to be black-owned.<\/p>\n

The minister made the announcement at a policy meeting on Thursday.<\/p>\n

According to Bloomberg<\/a><\/strong>, Zwane said that the new policy was that prospecting rights must also have 50% black control and the Mining Charter will channel a minimum of 1% of mine turnover to local communities.<\/p>\n

Late on Wednesday, the South African Chamber of Mines declined an invitation to attend a last-minute meeting that was to be held before the announcement.<\/p>\n

The body said<\/a><\/strong> that it viewed the review of the mining rules as a flawed process, and would not be co-opted into participating in and providing support to the department \u00a0of mineral resources’ agenda.<\/p>\n

The chamber believes that government had failed to engage properly with stakeholders about the contents of the charter.<\/p>\n

A draft version of the charter which was released in April 2016 said all local assets must be 26% owned, irrespective of deals done to increase ownership in the past.<\/p>\n

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Read:\u00a0Mining minster Zwane joins Zuma and van Rooyen bid to block state capture report<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

South African minister of mineral resources Mosebenzi Zwani has announced government’s new position on mine ownership in the country, saying that 30% of all mines need to be black-owned.<\/p>\n","protected":false},"author":10,"featured_media":141863,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[25],"class_list":["post-179547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-active"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/179547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=179547"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/179547\/revisions"}],"predecessor-version":[{"id":846106,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/179547\/revisions\/846106"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/141863"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=179547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=179547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=179547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}