Today's Big Stories

Could this be a break-through for mining?

The Chamber of Mines, companies, unions and the department have been meeting over the past two weeks to discuss how to manage the impending job cuts and low commodity prices.

According to reports, all those involved have refused to give any comment on the details of the agreement but they were leaked last week, it was suggested that the task team had agreed to propose platinum as a central reserve asset and sell off under-performing mines.

John spoke to Special Advisor to the Minister of Mineral Resources, Advocate Mahlodi Muofhe about this plan.

If this plan can be implemented by all stakeholders, it could in fact create jobs in the long term. For instance, he amount of money put in trust for rehabilitation of areas where mining has taken place, post mining, means we have the possibility of accessing funds and creating jobs for concurrent rehabilitation as a mine. There is a way of releasing those funds.

Advocate Mahlodi Muofhe, Special Advisor to the Minister of Mineral Resources

There is also great potential through the mining qualification sector to re-skill miners as they are working now, together with the different mining houses. For instance during weekends they can attend courses to be trained as plumbers and electricians. Should they be retrenched, they would know that over and above starting their own plumbing or electrician business, they could also become a service-provider to the same mine you've been working with.

Advocate Mahlodi Muofhe, Special Advisor to the Minister of Mineral Resources

Listen to the full conversation below:

Mandy Wiener, in for Stephen Grootes yesterday spoke to mining analyst, Mamogeti Molepyane about her take on the this agreement.

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