The Mining Indaba
that is currently taking place in Cape Town will generate substantial leads for
future investment and collaboration in the mining sector for South African
companies. This was said by the Chief Director for Investment Promotion at the
Department of Trade and Industry (the
dti) Mr Yunus Hoosen
He was speaking on the side-lines of the Africa Mining
Indaba where twenty four companies supported by the dti are exhibiting in the South African National Pavilion set
up in partnership with the Department of Mineral Resources (DMR) and the
Department of Science and Technology (DST) is supporting.
“The companies exhibiting in the pavilion represent
mining houses, professional services, engineering and capital equipment
manufacturers who are capable of developing value chain with their respective
counterparts in other countries,” said Hoosen.
He added that the Mining Indaba will afford these mining
companies an opportunity to showcase their expertise especially in the area of
beneficiation.
“Government still wants to attract and encourage
investment in the sector in order to grow the economy and also to explore joint
ventures for future major mining infrastructure projects in South Africa,” he
explained.
The
dti
delegation will be meeting with potential investors from Brazil, India,
Nigeria, Japan and Iran to explore areas of mutual benefits, throughout the
week. An investment workshop will also be held on tomorrow, as part of the
Indaba.
Earlier the Minister of Mineral Resources, Susan Shabangu,
told delegates at the Mining Indaba that the event has contributed
significantly in attracting the appropriate attention to the potential of
African mining investment and development.
She also stated that beneficiation of minerals was critical for the
government and formed part of the Mineral and Petroleum Resources Development
Act (MPRDA) Amendment Bill. Minister
Shabangu added that government is confident that the MPRDA will provide a
predictable, stable and globally competitive mining legislation that will
amongst others promote investment, development and transformation.
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