South Africa to set new legislations on mining industry
Published: Friday, 14 March 2014
South African government is pushing for higher state-ownership in mineral resources in the country with more stringent regulations on taxation and exports, which could affect several industrial minerals including potash, chromite and fluorspar.
The Minister of Mineral Resources, Susan Shabangu, has told
lawmakers at the National Assembly second reading debate that
the African National Congress (ANC) will modify the 2002
Mineral and Petroleum Resources Development Act.
The amendment will enable the mines minister to declare some
minerals as strategic, forcing minerals producers to...