R100bn of mining investment is snarled up in red tape, says Minerals Council

SA could unlock almost R100bn of investment by the mining industry if it cleared the red tape holding back the new mining and renewable energy projects the industry has planned.

Baxter was briefing journalists in Cape Town on Monday morning at the start of the Investing in African Mining Indaba, the traditional annual gathering of the industry that is happening in person for the first time since February 2020 and was expected to attract more than 3,500 delegates, including heads of state and senior officials, along with foreign and local investors and mining company CEOs and executives.

Speaking at the event on Monday, Mantashe said that the authors interviewed executives in other jurisdictions such as North America and Australia, but conducted only a “desktop survey” of mining countries in Africa.

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