Anglo American CEO Mark Cutifani has called for a mining industry meeting with President Cyril Ramaphosa and other cabinet officials to clear obstacles for investment and remove regulatory uncertainty in the industry.
Cutifani said Anglo American, South Africa’s biggest mining company, supported the plan proposed by a new business body, Business for South Africa (B4SA), to streamline mining policy. Also proposed was a new mining law which would remove ministerial and departmental discretion over a new Mining Charter.
In an interview with Business Day, Cutifani said: ‘I’m very supportive of the need to get the policy framework clear.
‘If you could get that policy certainty you’ll get a lot more people investing in SA and trying to build off the great strengths in our mining industry.’
Cutifani singled out Ramaphosa, finance minister Tito Mboweni, and mineral resources minister Gwede Mantashe for their pragmatic view of the industry.
The South African mining industry, once a mainstay of the economy, has been shrinking for some time now.