Two articles caught my eye on the mining charter. Tim Cohen wrote a piece yesterday on the mining charter and how the industry has descended into a corrupt mine field. In the new South African mining strategy , the industry managed to include the notion of “sustainable growth” along with the requirement of “meaningful transformation”, […]
More on the mining charter Read More »
Not much is happening in Junsbeck at the moment. For the first time in a long time I actually have time to blog – I'm not as compulsive as Fred Wilson, although I wish I was. So, whilst I wait for the next game to come on I'll write about an upcoming court case that
Careful with those Acts, Eugene Read More »
Duma Gqubule is a highly respected analyst in the business world. I know that Kevin Lester has a great deal of respect for him. He wrote a recent article in the Business Day on the mining charter. It's the last two paragraphs that are the most interesting. There are two solutions for Shabangu, according to
Changes in the mining charter are still not clear Read More »
We can expect to see the new mining charter in April. The press is starting to talk a little more about it. I blogged last year about Pine Pienaar "The fatal flaw in the Mining Charter is the obsession with measuring black empowerment in terms of percentage equity stakes instead of taking an approach based
Interesting article in the Miningmx about the Mining Charter. The new charter has been finalised and will be made public by Jan or Feb 2010. It is doubtful whether the existing Charter has been successful. It fell horribly foul of the BEE Act and in all probability stifled investment in the minerals sector. Perhaps this
New Mining Charter coming soon? Read More »
A while ago I was doing a presentation to the American Chamber of Commerce on Equity Equivalents. One of the delegates was an apparel manufacturer who asked my why his company should consider the programme I was proposing. I was a little surprised that such a company would even consider equity equivalents as an option.
Caird Code Rule #1 – Is BEE applicable to you Read More »
Namibian Mines and Energy Minister Erkki Nghimtina announced that Government was nearing completion of the long-awaited Transformational Economic and Social Empowerment Framework (TESEF) that would compel mining companies to empower communities within which they operate.Addressing an annual general meeting of the Chamber of Mines in Windhoek a fortnight ago, Nghimtina said TESEF would compel all
Namibia’s BEE is getting closer – so they say Read More »
Tim Cohen wrote a rather hard hitting comment about Patrice Motsepe's strange comment about nationalisation in yesterday's Business Day “My belief has always been, if nationalisation is what is in the best interests of SA, I’ll support it, whether it’s nationalisation, or whether it’s socialism — if the policies are what will improve, uplift and
Motsepe re-evaluated Read More »
There's been a fair amount of speculation as to the future of the Mining Charter and how it might move across to the Codes. It is due for its five yearly review in October this year. I found a few articles that discuss this review. “The Mining Charter review comes on top of the Codes
Mine!!!!!!!! (as Oliver is wont to say) Read More »
