[miningmx.com] – INDIAN investors continued to have an interest in South Africa’s coal industry, but were worried about proposed changes to the country’s BEE regulations, said Manus Booysen, partner and head of mining, energy and natural resources at legal firm Webber Wentzel.
“We all understand the need for — and the importance of — BEE and we are all a part of this process but it must be done in a proper manner,” Wentzel said in a presentation on October 7 reported by BDLive.
“It is not correct for Transnet to reserve the right to allocate a certain percentage of rail capacity to BEE companies irrespective of whether those companies have export allocations at the ports.
“It does not appear to me that Transnet is aiming at the same objectives as the coal producers and the Richards Bay Coal Terminal when it comes to fully utilising the country’s export potential,” Booysen said.
Click here to read the full article
