Malema calls for control of ‘critical minerals’

2010-09-07 15:04

The ANC Youth League (ANCYL) has called for “critical minerals of national importance” to be wholly owned by the State.

ANCYL president Julius Malema told delegates at the Mining for Change conference in Sandton today that mineral resources like steel, coal and iron ore should be wholly owned by the state and said “we are not going to negotiate”.

He cited the case of Eskom buying coal at a “price determined by international buyers using pounds and dollars and we use rands and cannot afford it, it is expensive”.

Malema reiterated his call for the establishment of a state mining company which he said must own 60% of the country’s mining resources and then outsource 40% to the private sector.

He said these mining companies would be taxed and charged royalties.

He said according to the Freedom Charter, it was ANC policy and not government’s to nationalise mines.

“It is correct that nationalisation is not a policy of government but of the ANC and we want to reactivate it so it becomes the policy of government,” he said.

Malema said the State could not afford to use taxes only as a source of revenue and needed money to pay better salaries for teachers, nurses and police and develop communities.

He said mine nationalisation was “one way we can intervene to increase our budget and have capacity to increase our fiscus”.

Young Communist League treasurer Yershen Pillay said “calls for nationalisation should not be viewed as a way to bail out ailing mining companies”.

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