THE assurance by Mineral Resources Minister Mosebenzi Zwane at the Mining Indaba that regulatory and policy certainty in the mining sector is a top priority for the Department of Mineral Resources has been welcomed by stakeholders.They are looking forward to the finalisation of all outstanding mining regulatory and policy pieces, including the passing of the revised Mineral and Petroleum Resources Development Amendment Bill; the coming into force of all provisions relating to environmental management; the repeal of obsolete regulations; and the completion of the process of aligning the Mining Charter with the broad-based black economic empowerment (B-BBEE) codes of good practice. Although regulatory uncertainty is not responsible for the state of the industry, certainty will go a long way towards stabilising it.Despite the challenging times, the environment is acting as a catalyst for merger activity and unbundling. Several companies are selling their noncore operations to new playe...
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