MINERALS BOOST: Mining sector’s relationship with Mantashe on the rebound
South Africa’s mining sector, it must be said, is showing promising signs of a turnaround. Fruitful partnerships between the Department of Mineral Resources and Petroleum and the industry can build on this momentum. Hopefully, the current thaw becomes a permanent state of warming.
South Africa's mining sector is making strides towards recovery, with improved partnerships between the Minerals Council SA and the Department of Mineral Resources and Petroleum (DMPR). The recent thaw in their relationship has led to a more cooperative dynamic, as highlighted during the annual Joburg Mining Indaba. Paul Dunne, president of the Minerals Council and CEO of Northam Platinum, unveiled a growth and investment strategy that emphasizes collaboration with the DMPR to unlock the industry's potential.
This includes addressing administrative bottlenecks, enhancing competitiveness, and advancing the long-delayed mining cadastre project by its March 2027 deadline. The cadastre is seen as crucial for attracting investment and improving transparency in the sector. While progress has been made, challenges remain, including BEE clauses in the Mineral Resources Development Amendment Bill, which have caused contention in the past.
However, the current climate suggests that the thawing relationship between the DMPR and the mining industry may lead to a more promising future for South Africa's mining sector and the broader economy.
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