The Chamber of Mines has hit back hard at the Department of Mineral Resources’ interpretation of the results of an audit of its members’ empowerment credentials‚ the newspaper reported.
It said the industry was being singled out for criticism when‚ by its calculations‚ its members‚ representing 90% of the mineral wealth extracted annually‚ had met or exceeded 65% of the targets set out in the charter by the end of last year.
The blowout in relations between the department‚ which the chamber accuses of prematurely releasing limited portions of the audit results‚ and the largest grouping of South African mining companies‚ is yet another ill-timed blow to the local and international perception of SA as an investor-friendly mining destination.
Chamber of Mines comes to members’ defence
The Chamber of Mines has hit back hard at the Department of Mineral Resources’ interpretation of the results of an audit of its members’ empowerment credentials‚ the newspaper reported.
It said the industry was being singled out for criticism when‚ by its calculations‚ its members‚ representing 90% of the mineral wealth extracted annually‚ had met or exceeded 65% of the targets set out in the charter by the end of last year.
The blowout in relations between the department‚ which the chamber accuses of prematurely releasing limited portions of the audit results‚ and the largest grouping of South African mining companies‚ is yet another ill-timed blow to the local and international perception of SA as an investor-friendly mining destination.
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