NUM wel­comes new Min­ing Char­ter

The Star Early Edition - - BUSINESS REPORT - ANA

THE NA­TIONAL Union of Minework­ers (NUM) on Fri­day said while it wel­comed the re­viewed Min­ing Char­ter gazetted last week, the gov­er­ment-set tar­gets for black own­er­ship of the coun­try’s min­eral wealth could have gone fur­ther.

The union wel­comed the in­tro­duc­tion of a 30 per­cent black own­er­ship tar­get for all mines.

“Even though the depart­ment and the min­is­ter did not im­ple­ment the in­cre­men­tal tar­gets as per our sub­mis­sions, thus in­dus­try achiev­ing 35 per­cent as a min­i­mum tar­get by 2022.

“We do nonethe­less ap­pre­ci­ate the in­crease from the ini­tial 26 per­cent to the 30 per­cent min­i­mum BEE share­hold­ing in the in­dus­try,” NUM said.


NUM said it was how­ever dis­ap­pointed that Min­eral Re­sources Min­is­ter Mosebenzi Zwane had not in­creased eco­nomic ben­e­fits for minework­ers and min­ing com­mu­ni­ties to 10 per­cent.

“Un­for­tu­nately and to our dis­ap­point­ment on this as­pect the min­is­ter (has) lim­ited em­ploy­ees’ and com­mu­ni­ties’ own­er­ship to 8 per­cent each on the des­ig­nated 30 per­cent BEE own­er­ship in min­ing com­pa­nies, thus BEE en­trepreneurs and cur­rent in­sti­tu­tional own­ers re­main with 84 per­cent (with a min­i­mum of 14 per­cent in the hands of black en­trepreneurs).”

The union also slammed the Cham­ber of Mines’ in­ten­tion to in­ter­dict the gov­ern­ment from im­ple­ment­ing the char­ter, say­ing this was “re­gret­table and re­gres­sive”.


“Es­pe­cially in the light of the Cham­ber of Mines’ own ad­mis­sion that they have far achieved the con­tem­plated 30 per­cent own­er­ship tar­get, this leaves us with this ques­tion: in whose in­ter­est is the cham­ber op­pos­ing trans­for­ma­tion in the min­ing in­dus­try?”

The union said that it would mo­bilise com­mu­ni­ties against min­ing houses op­posed to the re­viewed char­ter.

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