Mineral Resources Minister Mosebenzi Zwane. Picture: TREVOR SAMSON
Mineral Resources Minister Mosebenzi Zwane. Picture: TREVOR SAMSON

THE government has heard the pleas from the mining industry for regulatory certainty and is expediting the reworking of aspects of the bill amending the Mineral and Petroleum Resources Development Act, Mineral Resources Minister Mosebenzi Zwane says.

Delivering the opening address at the Mining Indaba in Cape Town on Monday, Mr Zwane said talks with the industry had delivered the message loud and clear that it demanded regulatory certainty.

"We have prioritised the finalisation of the bill as a matter of urgency to entrench the necessary stability," Mr Zwane said.

Chamber of Mines CEO Roger Baxter earlier on Monday highlighted the need for regulatory stability as one of the most pressing issues within the South African mining industry.

The chamber is seeking a declaratory order from the High Court in Pretoria on the aspect of once empowered, always empowered in the Mining Charter, with the Department of Mineral Resources as the respondent in the matter.

Mr Zwane said the Mining Charter, which contains the empowerment requirements over which the chamber and the department are at loggerheads, is under review. He said last week the review would be completed by the end of March.