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nickhollandBusiness Report writes that, as the Chamber of Mines on Tuesday defended itself against claims by Mineral Resources Minister Mosebenzi Zwane that it was trying to block transformation in the industry, Gold Fields CE Nick Holland said his mining company would favour talks to resolve issues regarding the Mining Charter over court action.  

Holland told Bloomberg television the issue might affect other companies considering restructuring or deals, but that it was not affecting Gold Fields operations or plans.  He indicated that it was unclear how the Chamber’s court challenge against the third version of the Charter would pan out.  Holland did however note that the Charter process had followed a lack of consultation with industry.  The Chamber has applied to the court for an urgent interdict against the implementation of the Charter, which was gazetted on 15 June.  Responding to comments by Zwane, the Chamber on Tuesday said it was not true that it was opposed to the transformation of the mining industry.  “The Chamber’s only proviso is that real transformation must be implemented with due regard to what is achievable, bearing in mind the realities of the situation the industry faces,” it said.

  • Read the original of this report by Dineo Faku, which appeared in Business Report on 10 August 2017, at SA Labour News


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