The Chamber of Mines says despite a resurgence of hope in the mining sector in 2018, an uncertain policy regulatory environment, lack of ethical leadership and good governance continues to drag the sector down.
Chamber of Mines CEO, Roger Baxter says the challenges in the regulatory environment in 2017 were the worst the industry had ever experienced which left the chamber with no choice but to bring four legal challenges against the amended mining charter.
He was speaking at a breakfast briefing before the start of the 2018 Mining Indaba underway in Cape Town.
“The extent of the damage done to South Africa to institutions and the economy as a whole and the mining industry in particular has been a mess. Minister Zwane’s revised mining charter that he developed with his officials in some back room somewhere which has the potential to sink the industry is in our view probably the lowest point in living memory from a regulatory institutional perspective.”
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