A Consensus on Mining in South Africa Needed
South African mining insiders, Mark Cutifani and Nchakha Moloi, believe that while the debate on mining’s role in South Africa has come a long way in recent years, a consensus needs to be reached to ensure the best future for the country and to keep investors from taking their capital elsewhere.
Both men are heavyweights in the mining industry. Moloi is chairman of Motjoli Resources and Cutifani is the CEO of AngloGold Ashanti. In a recent article in Business Day, the men came together to outline the challenges facing the mining industry and what needs to be done to address them.
The challenges Moloi and Cutifani speak of are wide ranging from the nationalisation discussion to the inequalities wrought by apartheid in the past and their current impact on the industry. While they do acknowledge that it would be naïve to believe that there would ever be a ‘full and final’ consensus, they do state that their needs to be an open and honest discussion, without obfuscation or populist sentiment, to find the most beneficial outcome for the country for the moment. Moloi and Cutifani go on to say that if this balance isn’t found, all South Africans will lose.
Moloi and Cutifani will both be present at the Mining For Change seminar which begins tomorrow and will provide a space for stakeholders and those in the mining industry to discuss ideas, hopes and fears, but above all, will provide a platform to gather accurate information on the subject.