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Meshack Mbangula, the national leader of communities affected by mining (Macua), pointed out the inadequacy of the consultation process, wishing for further meetings with Mantashe and his team, arguing that the communities were much more organized and able to negotiate a position that Mbangula also made a pbadionate plea for mining rights to be tied to the land rights held by the communities, effectively removing the minerals from the state guard at communities
. he would have "cried at bad funeral" and should have made the request when formulating amendments to the Mineral and Petroleum Development Act, which go through the National Council of Provinces, Mantashe wanting this process to be accelerated. [19659002] Free 10% for communities and the workforce, as well as a 1% dividend paid from operating profit to these two groups, which Nkateko Mathonsi, resource equity badyst at Investec, said: "We need to invest 8% of the shares of each, this would seriously compromise the ability to finance new mining projects."
Illustrating the point with two projects On the other hand, they show that these projects, which would be hard-pressed to break even, would be well below the levels required by investors
which means that companies would only pursue projects at very low levels. high yield. If we want to grow, we have to accommodate marginal operations so that we can expand the sector and increase employment. "
Overall exploration had completely exceeded SA and there was little chance with the new charter barely mentioning exploration rights." She said, "We need to go beyond to get capital for come on our shores, "she said, pointing out that the charter did not provide this incentive in its current form.
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