Govt to fast-track finalisation of outstanding mining policy

To take advantage of the cyclical upturn in the mining sector and improved investor sentiment to boost economic growth, government needs to finalise outstanding policy and administrative reforms. The proposed implementation of the revised Mining Charter, contested by industry and the Chamber of Mines (CoM), had caused investor confidence to plummet in recent years, as it was felt that the charter and the outstanding Mineral and Petroleum Resources Development Act Amendment Bill left mining and oil and gas companies unable to accurately assess the expected return on their investments.