Mining sector is clear: 2017 was the industry’s annus horribilis
The mining regulatory and policy environment during 2017 was the "worst the industry has ever experienced" and the Chamber of Mines is talking to senior ANC officials to find a resolution, chamber CEO Roger Baxter said on Monday. Speaking ahead of the start of the four-day African Mining Indaba in Cape Town, Baxter said the chamber had raised its deep-seated unhappiness with Mineral Resources Minister Mosebenzi Zwane with senior figures in the ANC since Cyril Ramaphosa was elected as president of the party and heralded a change in the attitude towards corruption and misgovernance. "The challenges in the regulatory environment in 2017 were arguably the worst the industry has ever experienced," Baxter said. "Immense damage" was done by the unilateral implementation of the third-iteration of the Mining Charter in June 2017 by Zwane, which brought with it the potential to destroy the local mining industry, he said, adding it was the "lowest point in living memory" for the sector. The ch...
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.