https://www.engineeringnews.co.za

Ramatlhodi resigning from mining interests – spokesperson

Mineral Resources Minister Ngoako Ramatlhodi

Mineral Resources Minister Ngoako Ramatlhodi

27th June 2014

By: Sapa

  

Font size: - +

Mineral Resources Minister Ngoako Ramatlhodi has mining interests in certain companies, as reported, but a process is under way for him to resign.

He held the mining interests before he was appointed to the portfolio, Ramatlhodi's spokesperson Mahlodi Muofhe said on Friday.

"He has already resigned from all his mining interests. It's a matter of when the legal process is completed and endorsed," he said.

"Legal processes are not like baking cupcakes or bread, they take time."

Muofhe was reacting to a report in the Mail & Guardian that Ramatlhodi holds a R20-million stake in Atlatsa Resources, a black economic-empowerment partner of platinum giant Anglo American Platinum.

The newspaper claimed his holding the shares implied he had a conflict of interest while mediating in the five-month strike in the platinum belt.

Muofhe said the shares belonged to the Minister's ex-wife Ouma Ramatlhodi. He did not disclose what the minister's mining interests were, or their worth.

"The shares were held by his former wife. They were married in community of property. Now the Minister and his former wife are divorced, but the divorce settlement proceedings are still ongoing," said Muofhe.

When Ramatlhodi was appointed to the portfolio, his first step was to approach his attorneys about his mining interests before intervening in the strike, he said.

"The minister declared all his interests. The minister, like everyone else, could not have foreseen that he was going to be appointed to this portfolio," he said.

"The very first thing he did was instruct his attorneys to put all his mining interests in a blind trust. The attorney advised him otherwise. The attorney said 'No, you can't put it in a blind trust, you have to resign from all these mining interests because of your new portfolio'. The minister complied with that and he resigned from all of it."

He said the legal process was taking its own course.

The day after visiting his attorney, the minister intervened in the platinum strike to try and resolve it.

"The minister has never had time, even to see his 98-year-old mother, who is no doubt sickly, because he was busy working on bringing the crippling strike to an end," he said.

"It is common knowledge that the minister has not even received his first salary this month. He was working extremely hard to resolve the strike."

Muofhe said the newspaper's allegation that there was a conflict of interest had no basis, because Ramatlhodi had mining interests before being a minister.

Edited by Sapa

Comments

Showroom

M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 
Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.069 0.123s - 156pq - 2rq
Subscribe Now