Mineral Resources Minister Gwede Mantashe has confirmed the removal of Black Economic Empowerment (BEE) ownership requirements for mining exploration activities. This reversal, which amends the draft Mineral Resources Development Bill, addresses industry concerns that such rules would deter crucial capital investment in the high-risk exploration sector. Mantashe stated there will be no BEE provisions for exploration, now or in the future, following industry backlash and his prior comments suggesting unawareness of the controversial clauses.
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