"There has been no policy shift arising from this NGC with regards to our economic policy and other economic policies," Zuma said.
"There should be no ambiguity and confusion arising from this matter." Zuma said now that the ANC Youth League had tabled nationalisation and the possible establishment of a state mining company, the matter had become "an issue of the whole organisation".
"This is no longer just a Youth League issue," Zuma said to cheers from around 2 000 delegates.
"The NEC will undertake research in this regard as part of its preparations of the ANC's national policy conference in 2012.
"The NEC must be broad in its outlook and look at a number of issues.
"Minerals and petroleum are recognised by law as the national assets that belong to all in South Africa with the state as custodian."
IFP on nationalisation
In the meantime Inkatha Freedom Party (IFP) leader Mangosuthu Buthelezi again voiced his concerns with the on-going debate around the nationalisation of mines.
"I do not want to miss this opportunity to restate my position against the nationalisation of our country's mines. I was frustrated to see our government fail to put an immediate stop to talks about nationalisation when they emerged within the ANC's Youth League," he said in Dundee during the official opening of Kwakunje Cultural village.
He said President Jacob Zuma need to make government's position clear and to assure potential investors that this was not a direction the country intends to take.
"I feel there will be repercussions in the absence of a strong statement from our executive head."
Kwakunje Cultural Village, is a project launched by the Miranda Mineral Holdings as part of national Heritage Day celebrations.