South Africa‘s mines minister, Gwede Mantashe, said on Tuesday he had set a target to finalise a third version of the mining charter by May, Reuters reported.
The industry, which is grappling with labour and social unrests, depressed commodity prices and policy uncertainty, has opposed Charter revisions which former minister of mineral resources, Mosebenzi Zwane .
During his address at a platinum mining conference in Johannesburg, Mantashe said, “I am still confident that we will finalise the charter by May.”
One of the contentious issues in the Charter is raising the target for black ownership to 30 percent from 26 percent.
After the charter is finalised the industry will be legally required to follow its targets and regulations.
Mantashe is a former General Secretary of the labour movement, National Union of Mineworkers and is chairman of the ruling African National Congress. He is widely respected for his gruff, blunt style and tough negotiating skills.