South Africa Eases Free-Carry Rules in Final Mining Charter
JOHANNESBURG (Capital Markets in Africa) – South Africa eased some of the more controversial provisions in a final version of its Mining Charter approved by the cabinet this week as the government seeks to provide policy certainty and ease investor concerns. While holders of new mining rights must still give employees a 5 percent stake in the assets, they can choose to offset another 5 percent for nearby communities by investing in community development instead,…
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