First steps taken on road to political stability, says Anglo's Norman Mbazima
Anglo American welcomed the "stabilising political environment" after the outcome of the internal ANC presidential election, but it urged a speedy resolution to the impasse between the mining industry and the government on regulations and policy.Speaking for Anglo American, Norman Mbazima, the deputy chairperson of Anglo American SA, said rail and port infrastructure also needed to be urgently addressed to encourage investment in the local mining sector."While we may have one of the world’s most endowed mining jurisdictions, we have not been able to bring this endowment to account," he said at the opening of the African Mining Indaba in Cape Town.Underlying the argument for investment in the long-term mining sector were five principle points that needed to be addressed, he said.Political stability was important and the recent developments in the ANC where Cyril Ramaphosa was elected party president and he was being lined up for presidency of SA, were positive, he said."This resulted...
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