Chamber welcomes state mine firm

2011-03-01 13:16

The Chamber of Mines has welcomed the new state-owned mine company, chief executive Bheki Sibiya said today.

“The Chamber of Mines warmly welcomes the launch of the state mining company’s project,” he said.

“Our position is based on an assurance from government through the department of mineral resources that this company will not be given an unfair competitive advantage to private sector companies as this would send the wrong message to investors and potential investors.”

The African Exploration Mining and Finance Corporation was launched last Saturday by President Jacob Zuma.

The company will initially focus on ensuring that power utility Eskom has enough coal.

Its mandate is to mine minerals of strategic significance.

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