National Chairperson of the ANC Gwede Mantashe spoke about the BBE elements inherent in the newly released mining charter.
Below are some of Gwede Mantashe’s quotes on the matter.
“The Mining Charter 2010 will apply to all pending applications lodged and accepted prior to the coming into effect of Mining Charter 2018. The rights holder will be expected to increase their minimum BBBEE shareholding to 30% within five years.” – Gwede Mantashe, The Mail and Guardian, 27 September 2018
“a new mining license granted after the entry into force of the Mining Law 2018 should have a minimum of 30% applicable for the duration of the mining license.” – Gwede Mantashe, RTP News, 27 September 2018
“The objective is to create regulatory certainty in the sector, sustainable growth, and a competitive and transformed mining industry. The elements of ownership and development of the mining community are intertwined and require absolute compliance at all times with the Law.”- Gwede Mantashe, RTP News, 27 September 2018
“The mining license owner must have a minimum number of historically disadvantaged individuals who reflect provincial or national demographics in their direction, executive management, senior, middle management, junior management, essential and specialized skills as well as employees with disabilities.”- Gwede Mantashe, RTP News, 27 September 2018