The Mining Charter III
It was inevitable, following democracy in 1994, that the South African Government would endeavour to redistribute the wealth and ownership of the Mining Sector. In an effort to pave the way for economic transformation, the Mineral and Petroleum Resources Development Act 2002 (MPRDA) was promulgated on 10th October 2002. However, it only became effective on 1st May 2004, with much resistance from both local and international
investors. In September 2010, the MPRDA was amended by the then Minister of Mineral Resources, who published a document entitled the Amendment to the Broad-Based Socio-Economic Empowerment Charter for the South African Mining and Mineral Industry. These documents, read together, are referred to as 'The Mining Charter.' The first version of The Mining Charter (The Charter) followed on 13th August 2004 as set out in section 100(2)(a) of the MPRDA.