Johannesburg, South Africa — MININGREVIEW.COM — 29 February 2012 – South Africa’s improved ranking as a mining destination is as a direct result of the efforts of mineral resources minister Susan Shabangu and her department, according to the South African Chamber of Mines.
“We are pleased by South Africa’s improvement as a mining destination from last year’s 67th ranking out of 79 jurisdictions, to 54th out of this year’s 93 jurisdictions,” the chamber added in a statement issued here.
Canada’s influential Fraser Institute conducts an annual survey of mining companies, focusing on the attractiveness of mining destinations based on countries’ policies.
"We see this as a reflection of the sterling work done by minister of mineral resources, and the officials of the department of mineral resources,’ the chamber added.
The improvement could encourage greater investment in South Africa. However, much work still needs to be done to address issues such as community problems, the administration and interpretation of existing regulations, and the duplication of statutes regulating the mining industry.
The Fraser Institute report highlighted fears over policy changes and labour militancy as concerns in South Africa, according to miningreview.com.