Chamber of Mines briefs portfolio committee on mining investment in South Africa
JOHANNESBURG (miningweekly.com) – In light of the challenges faced by South Africa’s mining industry and its contribution to the South African economy, the Chamber of Mines (CoM) of South Africa on Wednesday briefed the Portfolio Committee on Mineral Resources on the mining industry’s investment case.
An invitation was extended by the portfolio committee to the CoM to provide a brief on the messages South Africa should communicate to the investment community during 2017. The CoM delivered a presentation alongside the Department of Mineral Resources.
“Mining is a fundamental economic pillar of our country and has, and indeed continues to, contribute greatly to the country’s socioeconomic development. While the industry was the only lossmaking sector in the economy for the past two years, making an aggregate net loss of R37-billion in 2015, South Africa continues to host one of the world’s greatest mineral resource endowments,” said Public Affairs and Transformation senior executive Tebello Chabana in a statement.
He noted that the South African mining industry had the potential to grow and flourish, but, as is the case in all sectors of any economy, growth requires, among other things, investment.
He added that, to encourage investment in mining, policies needed to recognise the specific characteristics of mining to help reduce the risks associated with long-term investment projects.
“The Chamber appreciates the opportunity to engage the committee on these critical matters and remains fully committed to promote the mining industry among all stakeholders, including investors, who are undoubtedly key to the continued sustainability and future of the industry,” Chabana stated.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.
VISIT SHOWROOM
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
