South Africa mines minister maintains 30% black ownership target in charter
PRETORIA, Sept 27 (Reuters) – South Africa’s new mining charter will require holders of mining rights to have a black ownership level of at least 30 percent within five years, resources minister Gwede Mantashe said at a press briefing Thursday.
The third version of the charter, which sets out required levels on black ownership and other targets for mining companies in the world’s top platinum producer, has been delayed for years amid wrangling with an industry in decline.
(Reporting by Patricia Aruo; Writing by Ed Stoddard; Editing by Tiisetso Motsoeneng)
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