The battle over South Africa’s Mining Charter highlights a lack of confidence in government. The mining industry has genuine concerns over the security of its investments, if the Charter is passed as planned, while the government is right to argue that the sector could do more to help counter racial imbalances in the country that continue to define the chasm between rich and poor. Yet Pretoria’s stance is undermined by a lack of confidence in it from all sections of society.
Posts tagged ‘mining’
August 11, 2016 19:55 UTC
One of the pioneering and largest Central Appalachian coal producers has closed shop, essentially completing its years-long transformation from coal miner into an E&P company focused on the plethora of natural gas in the Marcellus and Utica shales.
January 20, 2016 06:00 UTC
The US Interior Department announced January 15 that it is going to “review” the Bureau of Land Management’s leasing program of federal lands upon which an estimated 41% of all US coal is currently produced, and is putting a hold on all new lease applications while the three-year review is underway.
The announcement raised immediate suspicions in some quarters that the department was angling at more than a mere review of leasing procedures, a possible royalty fee hike and a benign moratorium on future leases. At the very least, the announcement was seen as a shot across the bow of coal production in the US.