Government working with mining companies to avert job losses

The Minerals Council has reported that 80% of South Africa's gold mines are no longer profitable.

This poses a threat to jobs in the mining sector.

Two big mining firms Impala platinum and Lonmin announced that they will shed over 25 000 jobs combined in the near future.

Director-General in the Department of Mineral Resources Advocate Thabo Mokoena says the Minister of Mineral Resources Gwede Mantashe is engaging with mining companies and the Minerals Council on the matter.

The minister has advised Implats, in particular, to go back and look at a model that will be appropriate so that we can be able to save jobs.

Advocate Thabo Mokoena, Director- General in the Department of Mineral Resources

We are working together with the mines and we have also advised the mining companies that whenever there is this kind of challenge they are faced with, they must always remember to raise it with us so we can see how to assist.

Advocate Thabo Mokoena, Director- General in the Department of Mineral Resources

READ: The future of mining, South Africa’s lifeblood (and employer of 500 000 people)

Advocate Mokoena says by projections, the prices of platinum would improve in the next two years.

ALSO READ: 36 000 mining jobs on the line

There will be a demand in the next coming years because right now there is no demand.

Advocate Thabo Mokoena, Director- General in the Department of Mineral Resources

Listen to what guarantee they have that things will improve...


Recommended

by NEWSROOM AI
Read More
I became a millionaire at 20 and at 21 it was all gone - Minnie Dlamini Jones

I became a millionaire at 20 and at 21 it was all gone - Minnie Dlamini Jones

The MD skincare range founder talks about the new venture and how she started in the entertainment industry.

[WATCH] Husband's vacuum cleaner trick has wife and social media intrigued

[WATCH] Husband's vacuum cleaner trick has wife and social media intrigued

Khabazela shares some of the videos that went viral on Twitter and Facebook.

[WATCH] Guy attempting to fix potholes has social media in stitches

[WATCH] Guy attempting to fix potholes has social media in stitches

Khabazela shares some of the videos that went viral on Twitter and Facebook.

OPINION: Why are there no solutions to protect mining and jobs?

OPINION: Why are there no solutions to protect mining and jobs?

Xolani Gwala shares his thoughts on the proposed retrenchment of 2 651 workers at Bokoni Platinum Mines.

Mining job cuts on the cards, industry won't be No.1 employer again - analyst

Mining job cuts on the cards, industry won't be No.1 employer again - analyst

Labour and mining analyst predicts SA mining industry will never return to its heydey of being the largest contributor to GDP.

Could this be a break-through for mining?

Could this be a break-through for mining?

John spoke to Adv. Mahlodi Muofhe about this 10-point plan to curb mining job and promote platinum as a central reserve asset.

Popular articles
Student climate activist challenges Dept of Environmental Affairs

Student climate activist challenges Dept of Environmental Affairs

Raeesah Noor-Mahomed has joined schoolkids around the world by embarking on a Friday school boycott over climate inaction.

Meet the inspirational creative duo behind 'Tonic Design'

Meet the inspirational creative duo behind 'Tonic Design'

Greg Gamble and Philippe van der Merwe join Refiloe Mpakanyane in studio.

Fitness was a career that chose me - 'Queen Fitnass'

Fitness was a career that chose me - 'Queen Fitnass'

Mapule Ndhlovu opens up about her life journey and how exercise changed not only her body, but her mindset for the better.

EFF issues one-line apology to journos after court order

EFF issues one-line apology to journos after court order

Anton Harber and Thandeka Gqubule won their defamation case over Mbuyiseni Ndlozi's party statement implying links to Stratcom.

Ugandan climate activist accuses media of racism after Davos photo crop

Ugandan climate activist accuses media of racism after Davos photo crop

WEF youth climate delegate Vanessa Nakate was cropped out of a group pic with her white peers, also featuring Greta Thunberg.

Letting go of your child who's headed for university and independence

Letting go of your child who's headed for university and independence

Nikki Bush has valuable tips on preparing not only your school-leaver but yourself for the journey into adulthood ahead.

Right to Sight pleads for more donations to conduct cataract surgeries

Right to Sight pleads for more donations to conduct cataract surgeries

Right to Sight trustee Dr Matt Young says they get donations at the most time but now need big sponsors.

Remains of Cato Manor 9 returned on anniversary of their hanging

Remains of Cato Manor 9 returned on anniversary of their hanging

The Cato Manor 9 were hanged in 1961 by the apartheid after taking part in an uprising on 24 January 1960.

Zakes Bantwini opens up about his latest single 'Amanga'

Zakes Bantwini opens up about his latest single 'Amanga'

The musician says he never writes songs about his personal life but this latest single is too personal for him.

Unisa extends registration deadline in the wake of union protests

Unisa extends registration deadline in the wake of union protests

Unisa acting director of communications Lusani Netshitomboni says they encourage students to register online.