Agreement approved by the High Court
South Africa's mineral resources department has withdrawn its plan to impose a moratorium suspending the issuance of new mining and prospecting rights, which had drawn a court challenge by an industry group.
The department said in a statement seen by Reuters on Friday that based on various submissions from industry players on its proposed move it would not go ahead with the moratorium.
The Chamber of Mines, which represents mining companies such as Anglo American and Sibanye Gold, said in a statement an agreement had been struck with the mining department preventing the moratorium.
