Africa Mining: South Africa’s draft mining law proposes 30% black ownership in 5 years

South Africa plans to raise black ownership at permit-holding mining companies to 30 percent from 26 percent within five years, the latest draft of a hotly-contested new industry charter showed on Friday.

Read More

Africa Mining: Zimbabwe mulls scrapping majority black ownership on diamond, platinum sectors

Zimbabwe’s new government may soon scrap a 51% requirement of local ownership for foreign investors in the diamond and platinum sectors, in an effort to re-engage international lenders, curb spending and attract investors to revive the country’s battered economy.

Read More

Mining Environment & Legislation: South Africa wants to settle mines’ black ownership in court

South African mines minister Ngoako Ramatlhodi said Tuesday courts should decide on whether or not companies can claim they have met their required black-ownership quotas, as the government and the industry didn’t seem to have reached consensus on the matter.

Read More