Minerals Council weighs in on GNU cabinet

In a recent interview on CNBC Africa, Mzila Mthenjane, CEO of the Minerals Council of South Africa, discussed the implications of the recent cabinet reshuffle on the mining sector and highlighted the urgent need to prioritize the role of mining in revitalizing the country's economy. The Minerals Council reaffirmed its commitment to collaboration and partnership with Minister Gwede Mantashe and the Department of Mineral Resources and Energy to unlock the full potential of the mining industry in South Africa. With the portfolio now being split into mineral and petroleum resources as well as energy, Mthenjane shared his insights on what this change means for the sector and its prospects moving forward. He emphasized the importance of dedicated resources for both critical portfolios, noting the significant growth potential in critical minerals and the opportunities in energy and electricity infrastructure. The CEO expressed optimism about the potential impact of the reshuffle on both sectors and the overall economy. Mthenjane also addressed the challenges faced by the mining sector in recent years, highlighting the need for urgent prioritization of key areas to improve the industry's performance. He stressed the importance of efficient and cost-effective processes for prospecting and mining rights applications, calling for strengthened integration and collaboration among various government departments involved in the sector. By streamlining these processes and investing in necessary changes, Mthenjane believes that the mining industry can capitalize on improved logistics and electricity infrastructure to attract investment and seize market opportunities. The CEO's insights shed light on the critical role of the mining sector in driving economic growth and the essential reforms needed to enhance its competitiveness in the global market.