Revised deadline for DMR Mining Charter reports submission

Posted by Transcend
Tuesday, 12 April 2016  |  Comments

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“In terms of section 29 of the Mineral and Petroleum Resources Development Act 28 of 2002 (“the Act”) holders of mining rights granted in terms of section 23 of the Act are hereby directed to report their level of compliance with Broad Based Socio Economic Empowerment Charter for the South African Mining Industry as contemplated in section 28 (2) (c).
The holders of the mining rights are to populate the said template and submit such reports for the 2015 reporting period at the relevant Regional Offices before the end of April 2016.

The submission of reports will be done, both, in a form of hard and soft copy format.”

The DMR has sent “new” Mining Charter reporting templates and revised the submission deadline to the 30 April 2016.

The reporting templates are similar to the ones used in 2014 Mining Charter review exercise. The scorecards refer to “Documentary Evidence” and requires comprehensive disclosure and detailed data computation to support self-assessment scoring input.

Transcend Corporate Advisors are uniquely positioned to assist your operations and mining houses to complete this reporting exercise successfully with no come backs.

Our in-house Transformation professionals and certified BBBEE practitioners have meaningful insights and extensive know-how to navigate your internal processes, structures and systems and facilitate requisite outcomes that represent your company’s transformation journey and fulfils the regulator’s transformation mandate.

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