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Mining Weekly reports that trade union Solidarity says that 25,177 jobs have been affected by retrenchments in the mining industry in 2017 and it has pointed to the much-talked-about contentious Mining Charter Three as being a major contributing factor.
“The Mining Charter puts a damper on the industry and is conducive to mining companies withholding investment at a time when a favourable investment environment should rather be created,” said Solidarity Research Institute (SRI) head Connie Mulder. He went on the state that charter would have a ripple effect that could sink the mining industry’s future and explained as follows: “When companies are reluctant to embark on new development and exploration projects, existing jobs cannot be retained and new job opportunities are not created. The charter is a reckless document, drafted by a Minister who shows no regard for the sector.” He indicated that Solidarity in October had filed papers to the court asking for the scrapping of the charter in its entirety and that the matter would be heard on 13 December.
- Read this report in full at Mining Weekly
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