Cape Town, South Africa — MININGREVIEW.COM — 10 June 2011 – The cabinet has approved mineral beneficiation as official policy for South Africa, according to cabinet spokesperson Jimmy Manyi.
“This strategy provides a framework that seeks to translate the country’s sheer comparative advantage inherited from a significant mineral resource reservoir into a national competitive advantage,” he told a media briefing here.
“As a vital input to the industrialisation programme, this new policy presented both local and foreign investors with exciting opportunities for long-term investment into the beneficiation/ manufacturing sector of the economy, Manyi added.
“This will leverage optimal benefit from enhanced value of exports, increasing sources for consumption of local content and contributing towards the creation of sustainable jobs,” he continued.
Cabinet has also approved the design of the commemorative crown-size silver coins in celebration of the 90th Anniversary of the South African Reserve Bank. The new coin design would be published in the Government Gazette, he said.