CoM welcomes Shabangu’s Budget Vote
JOHANNESBURG (miningweekly.com) – Chamber of Mines (CoM) vice president and CEO Mike Teke has welcomed Mineral Resources Minister Susan Shabangu’s “progressive” Budget Vote and said mining executives would work with government to deal with the problems that the industry faced.
He said the leadership of the mining industry was committed to the “Friday Meeting” agreement, which mining bosses and government struck last week.
The parties’ accord on a “programme of action” to deal with the challenges facing South Africa’s beleaguered platinum and gold sectors comes as more than two-thirds of the platinum companies tackle operating losses and gold companies’ profitability was threatened by a declining gold price.
A progress report on the initial tasks set at the meeting would be completed within a month.
“We are committed to working closely with government in finding common solutions to challenges facing the mining industry locally and internationally,” Teke said in a statement on Tuesday.
The chamber further supported Shabangu’s optimism on the mining industry’s future in the medium term, and reiterated its members’ commitment to progress towards a productive and competitive sector exploiting the boom as the global market recovered from the recession.
However, Teke called on all unions and workers to work with management to ensure workplace peace and stability as the industry entered the wage negotiation period.
The chamber’s members, in turn, had signed a Stability Accord, committing to creating safe and secure working conditions for all employees.
Shabangu urged all parties to take “responsibility and accountability” for the success of the negotiations, in order to avoid job loss and further fuelling negative perceptions.
Comments
Research Reports
Projects
Latest News
Showroom
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers
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
