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Sat May 26 14:20:17 SAST 2012

Government committed to competitive mining sector: Zuma

Sapa | 09 February, 2012 19:38
Mining in South Africa.

Government remains committed to the creation of a favourable and globally competitive mining sector, President Jacob Zuma said on Thursday.

"The mining industry, one of the job drivers in the New Growth Path, plays a critical role in the socio-economic development of the country," he told Parliament during his state of the nation address.

As part of addressing the triple problem of poverty, inequality, and unemployment, government had developed a beneficiation strategy, which sought to provide opportunities in the downstream part of the minerals sector.

"We remain committed to the creation of a favourable and globally competitive mining sector, and to promote the industry to attract investment and achieve both industrial growth and much-needed transformation," he said.

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