Sipho Nkosi, who has
been re-elected
president of the
Chamber of Mines
 
Johannesburg, South Africa — MININGREVIEW.COM — 05 November 2008 – The CEO of diversified resources group Exxaro Resources Limited, Sipho Nkosi, has been re-elected as president of the Chamber of Mines of South Africa.

Re-elected at the chamber’s annual general meeting here, he will serve as president until the chamber’s next annual general meeting in 2009. Previously he had served as president over the 2007/2008 period.

Presenting the annual presidential review at the AGM, Nkosi highlighted several developments and issues that have affected the mining industry over the past year, and which continue to impact upon it. These include mine safety, the global financial crisis, the country’s electricity shortages and changes in the legislative arena – in particular concerning the Mine Health and Safety Amendment Bill and proposed amendments to the Mineral and Petroleum Resources Development Act.

Nkosi said that the mining industry had maintained its long-standing profile as a dominant participant in the national economy in 2007. It had accounted for just under 7% of gross domestic product, and had contributed R162 billion directly to the country’s merchandise exports.

He pointed out that this represented about 32% of the total, but that if beneficiated products such as catalytic converters, ferro-alloys and steel were added to primary minerals, the industry’s share of total merchandise exports increases to more than 50%.

Robbie Lazare of AngloGold Ashanti was re-elected a vice president of the Chamber, and David Noko of De Beers was elected a vice president.