by VDT Attorneys | Mar 11, 2019 | BEE, Mining, Procurement
The Mining Charter 2018 (“Mining Charter”) was published on 27 September 2018 and the Implementation Guidelines to the Mining Charter (“Guidelines”) followed shortly thereafter on 19 December 2018. These Guidelines essentially outline processes, procedures, forms and...
by VDT Attorneys | Mar 11, 2019 | BEE, Mining, Procurement
The Mining Charter 2018 (“Mining Charter”) was published on 27 September 2018 with the Implementation Guidelines to the Mining Charter (“Guidelines”) published on 19 December 2018. The Guidelines provide mining rights holders with detailed explanations and calculated...
by VDT Attorneys | Nov 9, 2018 | BEE, Commercial, Compliance, Minerals, Mining
The long-awaited Mining Charter 2018 or Mining Charter III (“MCIII”) has been signed by the Minister of Mineral Resources on 26 September 2018. MCIII is immediately effective and applicable to all mining companies in South Africa. MCIII contains a few vital concepts...
by VDT Attorneys | Jul 7, 2016 | BEE, Mining
The so-call principle of ‘once empowered, always empowered’ refers to the situation where a mining company, after the exit of a black partner that held a stake in the company as a result of a BEE transaction, continues to be recognised as being BEE compliant in order...
by VDT Attorneys | Jun 2, 2016 | BEE, Mining
You are correct. A new draft Mining BEE Charter (“Draft Charter”) was published on 15 April 2016 which aims to amend the 2010 Mining Charter. This Draft Charter makes provision for seven elements which are similar to the 2010 version, with the exception of the...