CAPE TOWN - South Africa’s chamber of mines is more optimistic about the future of mining in the country after the ruling ANC party’s conference last year which elected deputy president Cyril Ramaphosa as its leader, CEO Roger Baxter said on Monday.
"There's a positive wind blowing," Baxter told a news conference ahead of the start of the annual "Mining Indaba" in Cape Town.
"We know the future holds challenges, but we are ready to stand and play our role as the chamber, leading the industry in engaging with other stakeholders to get the outcomes that are necessary to get this great industry back on track."
He, however, said the industry had lost faith in Mines Minister Mosebenzi Zwane's leadership. The chamber says uncertainty over policy and the regulatory environment intensified after Zwane unveiled a Mining Charter last year which the sector slammed as impractical and poorly drafted.
Baxter said the mining sector had been significantly held back for the last couple of years by governance and leadership issues which had impacted negotiations over issues like the mining charter.