LETTER: Mining Charter a big deterrent to investment

Is black ownership and high unemployment really better?

Gold Fields’s South Deep mine. Picture: SUPPLIED  
Gold Fields’s South Deep mine. Picture: SUPPLIED  

Michael Avery’s most recent Badger column refers (” What government must tell Mining Indaba to jack up investor outlook”, May 8). 

While everything he says makes sense, the glaring omission is the Mining Charter, which the media seem to treat as a holy cow. Get rid of the 30% upfront that investors must give away before they start.

How much does this have to do with us being 75th out of 84 in terms of mining investment? And which would everyone rather have: 30% black ownership and 36% unemployment, or 5% black ownership and 5% unemployment?

Eric Carter

Via email

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