CEL
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5.77% 5.5¢ challenger gold limited

Ann: South African Department of Mineral Resources Update, page-40

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  1. scittyandcross
    4,878 Posts.
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    06/06/17
    20:03
    Post #: 25133496
    My understanding is that parts of the Mining Charter will apply to the oil and gas sector.

    Currently there is a 10% "black" ownership provision for oil and gas operations but the Mining Charter is proposing to change that to a uniform 26% across all mining activity including oil and gas.
    Also under the MPRDA the govt are seeking a 20% state retention of oil and gas produced for local consumption.

    But hey thats years away!!!!
    CEL Price at posting: 2.9¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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