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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.

The Minerals Council SA estimated companies mining iron ore, coal and chrome had an opportunity loss of more than R30bn in 2021 because of inefficiencies in rail transport and the inability to efficiently and timeously ship bulk commodities overseas.

“We have heard the calls from the industry for private operators to be allowed to operate the country’s dedicated coal, iron ore and manganese lines. We hope such proposals will be discussed at the Indaba, drawing on the experiences of other countries.”

 

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