GRACELIN BASKARAN: SA should derisk exploration to boost mining
The examples of Zambia and Tanzania should be followed
This week’s column comes to you from the Mining Indaba in Cape Town. I’m feeling more optimistic than I did in 2023 though not at the state of SA’s mining sector, having learnt how countries such as Zambia and Tanzania have turned their policies around in a short timespan and let the mining sector be an engine of growth. I see no reason SA can’t do the same.
I was on an Indaba panel this week with Kheri Mahimbali, permanent secretary of the ministry of minerals in Tanzania. I asked Mahimbali, who was formerly in the private sector, what reforms Tanzania put in place to derisk investment, and what additional reforms they were working to adopt. ..
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