Zimbabwe lithium miners want royalties to be linked to prices
The battery metal has slumped from a peak in late 2022 amid oversupply and weak demand from the electric vehicle sector.
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)
