Zwane fails to inspire hope at Mining Indaba
The mineral resources minister sidesteps regulatory uncertainties, prompting delegates to say his speech lacked substance
There was no succour for the South African mining industry in a dull and apathetic opening presentation at the African Mining Indaba by Mineral Resources Minister Mosebenzi Zwane, but industry players spoke of talking to ANC figures about a way out of the regulatory and policy impasse crippling the sector. In a speech roundly condemned by delegates at the annual conference of mining investors, companies and service providers, Zwane did not touch on the regulatory uncertainty made worse by his actions on the now suspended third version of the Mining Charter he gazetted in June 2017. Those actions led to a complete breakdown in relations with the Chamber of Mines, which has taken his charter to court to have it reviewed and set aside. Far from allaying any fear investors may have about putting money into mining or encouraging inflows of cash, Zwane turned in a dull and apathetic speech compounded by a hoarse throat that made his delivery painful to listen to. “Today’s opening address ...
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