Black ownership

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

Posted on June 18, 2018 by Mozambique Resources Post

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.

Africa Mining: South Africa black ownership to roll out in May

Posted on March 21, 2018 by Mozambique Resources Post

Mining companies operating in South Africa, including Anglo American (LON:AAL) and Sibanye Gold (JSE:SGL) (NYSE:SBGL), may soon have to increase their black-owned stakes to 30%, from a previous 26%, but the government is promising to deliver “policy certainty” in return.

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

Posted on January 24, 2018 by Mozambique Resources Post

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.

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

Posted on April 1, 2015April 1, 2015 by Mozambique Resources Post

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.