SAnews: South Africa: Chamber of Mine Welcomes Decision On Oil, Gas Bill

The Chamber of Mines of South Africa has welcomed the pronouncements by Mineral Resources Minister Advocate Ngoako Ramatlhodi that the sections pertaining to the regulation of Oil and Gas be separated from the mining legislation and the Bill to be passed as law.

"As leadership of the sector we engaged with the Department of Mineral Resources in good faith and we agreed on certain portions of the Bill. We hope that where we had reached a compromised consensus on the Act and it will remain unchanged and the Minister's statements indicate that indeed that will be the case," said Mike Teke President of the Chamber of Mines.

The Chamber of Mines of South Africa said the South African mining industry needs certainty if it is to comprehend dealing with the harsh economic conditions it continues to face in both the capital and commodity markets.
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