South African
minister of mineral
resources Susan
Shabangu
 
Cape Town, South Africa — 19 June 2012 – The South African Department of Mineral Resources (DMR) is to convene a task team to look into the challenges facing beleaguered platinum miners, with a view to establishing a rescue and sustainability plan for the sector.

Miningmx reports that in an announcement released here, the DMR said that minister of mineral resources Susan Shabangu had met with producers and Mining Industry Growth Development and Employment Task Team (MIGDETT) principals to have a “frank and open discussion.”

“As a result of the meeting, all parties agreed on a process to address current challenges facing the platinum sector with a view to putting in place a short and medium to long term plan,” read the DMR statement.

“The department will convene a task team that will lead the effort and its first meeting will be held with a very short time-frame to report back to the broader MIGDETT principals meeting,” it added.

MIGDETT was established in 2008 to position the mining industry for growth and transformation in the medium- to long-term.

Source: Miningmx. For more information, click here.