Zwane: African govts want to integrate mining into broader economy

Mineral Resources Minister Mosebenzi Zwane was speaking at the opening of the four-day Mining Indaba in Cape Town.

FILE: Minister of Mineral Resources Mosebenzi Zwane addresses the first day of the Mining Indaba 2016 conference in Cape Town. Picture: AFP

CAPE TOWN - Mineral Resources Minister Mosebenzi Zwane has urged investors to back efforts aimed at increasing the amount of mining-related manufacturing and services.

Zwane was speaking at the opening of the four-day Mining Indaba in Cape Town. The annual event attracts mining companies, investors, governments and other players, with the focus firmly on mining in Africa.

The minister says it’s a goal of governments across Africa to integrate mining more meaningfully with the broader economy.

“We urge investors to work with us and to turn these policy directives into mutually beneficial programmes.”

Zwane says investors can benefit from special incentives and energy is no longer an issue.

“We have worked to create an enabling environment for mining-linked manufacturing in South Africa. Our energy supply has stabilised.”

Zwane made no reference to the court battle over the Mining Charter, or the lag in finalising crucial mining legislation.

But he’s likely to address these during a question and answer session on Monday afternoon.