Cutting red tape will set free 84% more mining investment, Indaba told
President Cyril Ramaphosa hints at African Mining Indaba the government could be open to discuss private operation of heavy-haul rail lines
10 May 2022 - 11:53
UPDATED 10 May 2022 - 23:32
Mining companies are prepared to increase their investment in projects in SA by 84% if the government tackles the dysfunction plaguing the processing of mining permits and approvals for self-generation projects, as well as constraints facing the railways and ports.
President Cyril Ramaphosa hinted the government could be open to discuss requests from mining companies to allow for the private operation of Transnet Freight Rail’s dedicated heavy-haul coal, manganese and iron ore export lines. He was speaking on the second day of the Investing in African Mining Indaba in Cape Town on Tuesday...
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.