Sibanye Gold has hit out at the Department of Mineral Resources, saying that they are disappointed at the lack of consultation over the draft reviewed mining charter.
The largest producer of gold in the country said that the draft mining charter had been published without prior consultation of the South African mining industry.
“It is disappointing that the draft mining charter was published without extensive consultation, and while court procedures seeking to clarify elements of the previous mining charter are still in process. The proposed mining charter contains aspects that are not acceptable in our view,” said Sibanye CEO, Neal Froneman.
The draft reviewed mining charter, which was published for industry comment last Friday (April 15), calls for black people to hold a minimum 26% of shares.
Those interested in voicing their comments on the draft amended charter have until May 31 2016 to do so.
