National Union of Mineworkers slams Minister Zwane’s moratorium on mining deals

The National Union of Mineworkers (NUM) is urging Mines Minister Mosebenzi Zwane to desist from implementing a moratorium on mining deals, rights and prospecting licences.

The union says the moratorium will lead to enormous job losses.

NUM slammed the “cowboy style battle” between the industry and the Mineral Resources Department.

The Money Show’s Bruce Whitfield interviewed NUM Head of Transformation Luthando Brukwe.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

One of the options to save jobs is for companies to sell distressed assets.

Luthando Brukwe, NUM

We don’t know how long the court case can drag out.

Luthando Brukwe, NUM

It could have a devastating effect on jobs.

Luthando Brukwe, NUM

The Minister should not even contemplate putting a moratorium on approvals.

Luthando Brukwe, NUM

NUM supports the need for transformation in the industry.

Luthando Brukwe, NUM

The moratorium is a no-no.

Luthando Brukwe, NUM

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