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Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002)

Chapter 7 : General and Miscellaneous Provisions

100. Transformation of minerals industry

 

(1) The Minister must, within five years from the date on which this Act took effect—
(a) and after consultation with the Minister for Rousing, develop a housing and living conditions standard for the minerals industry; and
(b) develop a code of good practice for the minerals industry in the Republic.

 

(2)
(a) To ensure the attainment of Government's objectives of redressing historical, social and economic inequalities as stated in the Constitution, the Minister must within six months from the date on which this Act takes effect develop a broad-based socio-economic empowerment Charter that will set the framework, targets and time-table for effecting the entry into and active participation of historically disadvantaged South Africans into the mining industry, and allow such South Africans to benefit from the exploitation of mining and mineral resources and the beneficiation of such mineral resources.

[Section 100(2)(a) substituted by section 70 of the Mineral and Petroleum Resources Development Amendment Act, 2008]

(b) The Charter must set out, amongst others how the objects referred to in section 2(c), (d), (e), (f) and (1) can be achieved.