CAPE TOWN – With $2.5 trillion (R37trln) in-situ, or untouched, mineral wealth means South African remains one of the best mining jurisdictions in the world and is open for business, Minister of Mineral Resources Gwede Mantashe told a Perth forum.
The Minister said as things stood there was no country that could match South Africa in terms of mineral diversity offerings.
A group of South African business people and government officials is in Perth, Australia in search of trade and investment opportunities as part of the Outward Selling Mission (OSM) organised by the Department of Trade and Industry.
The delegates will also showcase their products and services at the 17th annual Africa Down Under International Conference and Trade Show that commenced on Wednesday, running until Friday.
Mantashe said South Africa’s mining industry was one of the key economic sectors in the country, contributing about 7.5 percent to gross domestic product (GDP), 30 percent of export earnings, and more than 450 000 direct jobs.