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SA must address regulatory and administrative problems to ensure mining industry thrives: Ramaphosa

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President Cyril Ramaphosa has acknowledged the need to address regulatory and administrative problems to ensure the mining industry thrives.

Speaking during the Investing In African Mining Indaba held in Cape Town on Tuesday, he said SA needed to clear the backlog of mining and prospecting rights and mineral rights transfer applications.

Due to high commodity prices, the mining industry is in a sweet spot at the moment that has seen it contribute significantly to the fiscus. Ramaphosa said the government’s plans to revitalise rail infrastructure and enable third parties access to the freight rail network were in full force.

 

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