comBusiness Report writes that a showdown is looming between the Chamber of Mines (COM) and the Department of Mineral Resources (DMR) over the draft of the reviewed Mining Charter.  

The industry has warned that it would challenge the draft with all means at its disposal.  The COM’s CE Roger Baxter on Wednesday tore down the draft that DMR director general Mosa Mabuza outlined in Parliament last week.  Baxter said the Chamber was concerned that the industry was being set up for failure, because the document contained unrealistic targets.  Among a number of issues identified by Baxter, he said the Chamber had been caught off guard by the requirement that it should transfer 40% of the R5bn in its skills fund (presumably a reference to the industry’s Seta known as the Mining Qualification Authority) to a new Mining Transformation and Development Agency that would be run by the DMR.  A new annual levy of 0.5% on revenue will also go towards funding the agency, which will direct money to local communities and education.

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