Fin24 reports that the African National Congress (ANC) was expected to meet the Chamber of Mines (COM) on Tuesday concerning the amended Mining Charter.  

The meeting follows allegations that the Chamber was not properly consulted by Mineral Resources Minister Mosebenzi Zwane, who gazetted the revised Charter last week.  Among other new obligations, the Charter will force mining firms to restructure their ownership to ensure they have 30% black ownership within 12 months.  According to Business Day, the ANC’s economic transformation committee will meet with the COM, which is set to take the matter to court over a lack of consultation.  The meeting will apparently include Zwane, former finance minister Pravin Gordhan, Finance Minister Malusi Gigaba, ANC deputy secretary general Jessie Duarte, ANC treasurer Zweli Mkhize and ANC national executive committee members Enoch Godongwana, Ebrahim Patel and Gugile Nkwinti.  The meeting comes as Fitch Ratings criticised the new regulations, saying they would will deter investment.

• Read this report by Matthew le Cordeur in full at Fin24

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