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Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

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Mining Sector Charter

Amendment of the Broad-Based Socio-Economic Empowerment Charter for the South African Mining and Minerals Industry

1. Objectives



The Broad Based Socio Economic Empowerment Charter for the South African Industry, hereafter referred to as "the Mining Charter", is a Government instrument designed to effect sustainable growth and meaningful transformation of the mining industry. The Mining Charter seeks to achieve the following objectives:

(a) To promote equitable access to the nation's mineral resources to all the people of South Africa;
(b) To substantially and meaningfully expand opportunities for HDSA to enter the mining and minerals industry and to benefit from the exploitation of the nation's mineral resources;
(c) To utilise and expand the existing skills base for the empowerment of HDSA and to serve the community;
(d) To promote employment and advance the social and economic welfare of mine communities and major labour sending areas;
(e) To promote beneficiation of South Africa's mineral commodities; and
(f) Promote sustainable development and growth of the mining industry.