South Africa will Have a Promising Mining Industry

The country”s mining industry is poised for growth, President of South Africa said on Tuesday. The R20-billion investment in the diamond industry, the biggest single investment in the diamond industry in decades, signals that indeed our mining sector is poised for growth, and that it has a bright future. The investment will no doubt boost diamond production, from which the country has lost its eminence in recent years. The investment would boost diamond production and showed the country was an investment destination of choice.

The president took the opportunity to condemn the violence in the North West”s mining industry. He mentioned the National Union of Mineworkers branch leader who was killed at Marikana, near Rustenburg, last week.

Fortunately, investors in the mining industry are aware that they should, in terms of the law, redress past imbalances in the industry. South Africa”s legislation required that investors commit to the Mining Charter and the social and labour plan and sound environmental management.

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