CAPITAL MARKETS

Australian miners ambivalent about SA draft charter

AFTER all the hoopla that greeted the leaked South African mining/empowerment draft charter less than two months ago, the reaction of Australian companies and investors to the official document has been distinctly muted.

Michael Quinn

Australian miners ambivalent about SA draft charter

The consensus seems to be that the proposed law requiring 26% black ownership of South African mines within 10 years is an acceptable outcome. The leaked draft proposed 51%. While saying it would be...

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