Thursday marks the final day of deliberation at the Mining Indaba in Cape Town, with issues around the controversial Mining Charter still hanging in the air.
Referring to the time it's taking to finalise crucial mining legislation, on Tuesday, Anglo American's deputy chairman Norman Mbazima said relations between the mining industry and the Department of Mineral Resources are at an all-time low.
The industry and government are in court over the charter which seeks to increase the minimum threshold for black ownership of mining companies to 30%.
Frans Baleni, former NUM Secretary-General and now member of the Mining Indaba Advisory Board, says transformation in the mining industry should not be compromised.
I made the following suggestion, in the spirit of meaningful mining dialogue in South Africa, the mining charter threshold should be withdrawn.— Frans Baleni, former NUM Secretary-General and now member of the Mining Indaba Advisory Board
Mineral Resources Minister Mosebenzi Zwane has been accused of threatening investment in the mining industry because of poor regulation.
Speaking on the breakdown in communication between Zwane and the industry, Baleni says the President may have to resolve the matter.
The minister cannot be larger than the mining industry, this industry needs to create job opportunities. If the problem is the minister, the president of the ANC and the president of this country must deal with this minister.— Frans Baleni, former NUM Secretary-General and now member of the Mining Indaba Advisory Board
If they can take our advice to withdraw this charter, once this charter is withdrawn, clearly the litigation will be withdrawn and then get the parties together. I have no doubt that the parties cannot engage under the current minister unless we bring a third party to engage and take this process forward.— Frans Baleni, former NUM Secretary-General and now member of the Mining Indaba Advisory Board
Click on the link below to listen to the full interview....