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South Africa Mining Strategy To Unlock Transformation, Investment

CAPE TOWN, July 10 (BERNAMA-NNN-SA NEWS) -- South African Mineral Resources Minister Ngoako Ramatlhodi has told parliament his department will review the country's mining strategy to ensure that all minerals will benefit the economy and people.

The new administration has a mandate to accelerate socio-economic transformation to ensure unemployment, poverty and inequality are tackled and addressed, he said when briefing the Parliamentary Committee on Mineral Resources here Tuesday.

Ramatlhodi said the government had aligned all its plans to the National Development Plan (NDP), the government's policy framework aimed at improving the lives of all South Africans by 2030.

"To this end, we will play an important role in the implementation of a framework agreement for a sustainable mining industry led by the presidency," he said.

"One of the department's priorities includes the review of the country's mining strategy which will be informed by a consultative engagement with all stakeholders.

"This review, together with the assessment of the mining charter, will not only enable us to reflect on how far the industry has come but what we can and must do to accelerate the broader transformation of the mining industry," he said.

The minister's remarks come against the backdrop of the recent five-month strike in the platinum belt.

Mining companies Lonmin, Anglo Platinum (Amplats) and Impala Platinum (Implats) reached a wage agreement with the Association of Mining and Construction Union (Amcu) after a protracted strike which left the economy bruised.

Ramatlhodi said the government will push for mining companies to meet the target of the Mining Charter, which was legislated to ensure the industry was transformed and mineworkers attained skills as among several requirements.

In his national address last month, President Jacob Zuma said priority would be given to creating an enabling environment in order to unlock investment.

Ramatlhodi reiterated this sentiment, saying the exploration of oil and shale gas would also be a focus area for the government.

-- BERNAMA-NNN-SA NEWS





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