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Mining Indaba: Investors jittery

An accounting firm says mistrust between mine bosses, govt and unions is hampering industry growth.

An accounting firm says mistrust between mine bosses, govt and unions is hampering growth in the industry. Picture: AFP

CAPE TOWN - An accounting and business consulting firm says mistrust between government, unions and mine bosses is hampering growth in the domestic mining industry.

Investors are jittery as the sector has been rocked by labour unrest and soaring operating costs.

The sector's many problems will feature prominently at the annual Mining Indaba, which kicks off today at the Cape Town International Convention Centre.

BDO South Africa's Head of Mining Bert Lopes says co-operation and leadership is needed to deal with the industry's problems.

"I'm talking about a collective of government, labour the mining houses and CEOs that have got to get together. Without that there's mistrust and not enough dialogue."

Click here for a special feature on this year's Mining Indaba.