20th April 2018

By: Martin Creamer

Creamer Media Editor


Font size: - +

Mineral Resources Minister Gwede Mantashe last week described the mining industry as one that is in self-doubt, believing that it is about to die, with suspicion and mistrust at a high level. “I fail to understand why platinum is in a crisis,” he said, adding that mining stakeholders needed to develop trust and create an industry that was growing and inclusive. In a media release on the same day, Mantashe’s Department of Mineral Resources revealed that Vision 2030 for the mining industry was under development, along with a strategy for the growth and competitiveness of the sector. With a dollar price of $920/oz and a rand:dollar exchange rate of R12 to the dollar, many platinum industry watchers are aware of the dire straits faced by the deep-level platinum mining industry. The only incentive provided by the current low price is the incentive to close deep mines, which presents a horrific job-loss scenario that this country cannot afford.


The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at

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
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?