Cape Town – The 2017 Mining Indaba yielded a number of positive spin-offs for South Africa, said Mines Minister Mosebenzi Zwane.
Speaking to Fin24 on the last day of the Mining Indaba, Zwane said he was pleased with the attendance from mining companies, investors and delegates from other countries.
“We’ve also managed to sign a number of memoranda of understanding from Monday up to now. Countries like Japan, China, Angola, Nigeria have already come forward and said: ‘We want to work with you, South Africa. Let’s move this sector forward.’
“So we are highly encouraged by the success of this Mining Indaba and we think the next one would be even more successful than this one,” he said.
This year, Zwane was present for the entire duration of the Mining Indaba, which took place over four days.
On the first day, Zwane opened the conference, speaking about the importance of providing regulatory certainty in the mining sector through the finalisation of the Mineral and Petroleum Resources Development Act and the mining charter.
He also emphasised the importance of having a beneficiation strategy in place and cautioned mining companies to adhere to health and safety standards.
This year’s Mining Indaba, the world’s largest mining investment conference, was expected to attract more than 6 000 delegates from around the world.