Govt’s effectiveness in stabilising mining sector questioned
Government had failed to play an effective facilitative role and to create a predictable and stable environment in the local mining industry, Webber Wentzel partner and head of Africa mining and energy projects Peter Leon said during a roundtable discussion on the mining industry, broadcast on Talk Radio 702 and hosted by Redi Thlabi.
In response to a question on what government’s role should be in the mining industry, he said a failure to deal with these concerns could lead to another Marikana.
Exxaro CEO Sipho Nkosi commented that there was no doubt that South Africa was not in a good space in terms of its relationships with shareholders at present.
He pointed out that there was a perception that government was not doing enough to stabilise the mining sector and that the application of laws was inconsistent.
Nkosi said government was responsible for providing clarity in terms of where the industry was headed and to ensure that all role-players adhered to the relevant laws.
He stressed that if investors perceived South Africa to be a lawless State, the industry would not be able to attract further investment.
However, he was encouraged by the fact that representatives of mining companies and labour unions had come together recently in a meeting chaired by Deputy President Kgalema Motlanthe to work on resolving the issues facing the sector.
Comments
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 subscriptions@creamermedia.co.za.
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