#MiningIndaba2020: Why infrastructure remains critical to attracting investment in SA’s mining sector
Billy Mawasha, Director of Prieska Copper-Zinc Mine Orion Minerals and Popo Molefe Chairperson, Transnet sat down with CNBC Africa’s Chris Bishop at the Mining Indaba in Cape Town to discuss the investment environment in South Africa’s mining sector and why infrastructure remains critical to driving investment in mining.
Mon, 03 Feb 2020 12:20:34 GMT
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AI Generated Summary
- Billy Moisha discussed the challenges of attracting investors in the current down cycle and highlighted the role of stability and green energy solutions in the Prieska project.
- Popo Molefe outlined the infrastructure challenges facing Transnet and the strategies being implemented to address them, emphasizing collaboration and efficiency.
- Both leaders underscored the need for government and private sector cooperation to drive investment and growth in the mining sector.
South Africa's mining sector is facing challenges amidst a down cycle in commodity prices, but industry leaders at the Mining Indaba in Cape Town are working towards attracting investment by focusing on the critical role of infrastructure development. Billy Moisha, Director of Prieska Copper-Zinc Mine Orion Minerals, and Popo Molefe, Chairperson of Transnet, shared their insights on the investment environment in the country's mining sector and the importance of infrastructure in driving investment. Moisha highlighted the need for stability and ensuring returns for investors in the Prieska project, emphasizing the significance of green energy solutions and cooperation with Eskom. Molefe discussed the challenges facing Transnet and the strategies being implemented to address infrastructure gaps and rebuild the organization. Both leaders emphasized the importance of collaboration between the government, state-owned enterprises, and private entities to enable growth and investment in the mining sector.
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