A positive wind: South African Government making peace with mining industry
The difficult relationship between the SA government and the mining industry is starting anew, but more work is needed to address regulatory complications that threaten business, says Neal Froneman, Chief Executive of Sibanye Gold.
“There is a positive wind blowing over South Africa,” Froneman told analysts.
“Our engagements with government has taken a turn for the positive.”
The relationship between the government and the mining sector seemed to reach a testing point following the appointment of the new Minerals Resources Minister, Mosebenzi Zwane, last October.
Zwane’s appointment was met with a mixed reaction but Froneman believes that his relationship with mining executives has been positive.
“He engages and this is different to previous ministers,” he said.
“We were worried about his knowledge of the mining industry. He has been engaging and has a good understanding of the issues facing the industry.”
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