SA mining stages a slight recovery
Chamber of Mines CEO Roger Baxter warns there are still considerable headwinds for the industry
SA’s mining industry staged a slight recovery in 2016, but the sector was smaller than in 1994, with many domestic issues weighing heavily, most notably the sharp drop in gold production, Chamber of Mines CEO Roger Baxter said. Speaking at the chamber’s annual general meeting, which was to be addressed by Mineral Resources Minister Mosebenzi Zwane, who did not attend, Baxter and departing chamber president Mike Teke said there were still considerable headwinds for the industry, with regulatory and policy uncertainty the most urgent factor to be resolved. Teke also said the measurement of transformation in the sector should be revisited because it had been hijacked for political gain. The chamber, which suspended a legal process to seek a declaratory order on whether past empowerment deals should be counted towards empowerment credits, has not heard from the department for two months on which changes were made to the draft third iteration of the Mining Charter, which the chamber has ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.