Chamber of Mines
CEO Bheki Sibiya
Johannesburg, South Africa — 04 May 2012 – The South African Chamber of Mines, the National Union of Mineworkers and the government’s Department of Mineral Resources will hold a mining summit next month.

Fin24 reports that in a joint statement issued here they said the event would be a gathering of the major players in the South African mining industry. It would attempt to find solutions to problems facing the industry by creating various scenarios for the future.

Chamber of Mines CEO Bheki Sibiya said the meeting’s main goal was for mining industry leaders to identify and deal with issues such as risks, competitiveness, social pressures and growth opportunities.

“All these key issues need to be understood to enable the industry to achieve optimal returns on investment, and in a manner that will serve the best medium- and long-term interests of all South Africans,” he added.

The parties said it was a good sign that business, labour and government were participating in the summit.

“The fact that three of the major social partners in the mining sector have come together to find solutions to future challenges augurs well for the industry, as each grouping brings unique insights, understandings and inputs to the table,” Sibiya continued.

Some of the issues to be looked at include options for nationalisation, acid mine drainage, and beneficiation opportunities.

The aims of the meeting would be aligned to those of the mining industry growth development and employment task team (MIGDETT). It will be held in Johannesburg on 4 and 5 June.

Source: Fin24. For more information, click here.