Capital Equipment News

The Mineral Resources Minister, Gwede Mantashe’s, opening address at the Joburg Mining Indaba 2018 highlighted that there is definitely a broader alignment between the Ministry and the industry on the Mining Charter, which provides hope to the resources industry as a whole.

In the lead-up to the Joburg Mining Indaba, Minister Mantashe released the draft of the new Mining Charter, which received mixed reviews. During his address he called for the scrapping of the MPRDA Amendment Bill and articulated that he has started conversations with industry leaders regarding investment opportunities as well as constraints in the industry.

Andrew LaneDeloitte Africa Mining Lead, Andrew Lane, comments: “With regard to the Mining Charter, there are still a few points that need to be ironed out, but this was expected and the industry is ready to continue conversations with Government. What is important is that Minister Mantashe came across as being open to dialogue with the industry and, moreover his ‘can-do’ attitude bodes well for future engagements between industry and Government. It is very motivating to see that the Minister is supporting the industry, especially when he engages with government.”

While the Chamber of Mines noted that the South African mining industry is dealing with possibly one of the harshest environments that it has experienced in decades, the Chamber was very conciliatory of the Ministry. It is clear that there is a much healthier relationship between the two parties than the industry has experienced before. 

During his address it became apparent that Minister Mantashe understands, and supports, the role of the industry as it contributes to GDP growth. Moreover, he made a call to all participants to remain positive about the mining industry and this should guide the way we engage and portray our industry on a global stage.

“If I reflect on addresses by various Ministers over the past few years - where they were quite contested – this has been the most aligned I have seen the industry and Government. There is a healthy dialogue that bodes well for the future of the mining industry in South Africa,” Lane concludes.

Contact Capital Equipment News

Title: Editor
Name: Munesu Shoko
Email: capnews@crown.co.za
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Fax: +27 11 615-6108

Title: Advertising Manager
Name: Elmarie Stonell
Email: elmaries@crown.co.za
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