Putting lid on the coffin of min­ing

The Star Early Edition - - LETTERS - JM Bou­vier

THE NEW Min­ing Char­ter an­nounced re­cently by Min­eral Re­sources Min­is­ter Mosebenzi Zwane, which was de­vel­oped se­cre­tively and with­out con­sul­ta­tion – even the ANC was caught un­aware – has wiped R51 bil­lion off the in­dus­try’s share value.

The char­ter will have the re­sult of putting the lid on the coffin of the shrink­ing min­ing in­dus­try.

This is not my opin­ion alone, but in­sid­ers in the in­dus­try, an­a­lysts and the Cham­ber of Mines are ter­ri­fied about the con­se­quences it would have in an in­dus­try that has been strug­gling for years and has lost more than 60 000 jobs in the last five years and is cur­rently in the in­ten­sive care unit.

The char­ter, if im­ple­mented, would scare off in­vestors, and would be a dis­as­ter as a lot of mines would start shed­ding more jobs than they al­ready have.

This char­la­tan Zwane, one of the most tainted, com­pro­mised and cap­tured in­di­vid­u­als, as Thuli Madon­sela’s re­port ex­posed, as well as the bar­rage of emails ex­pos­ing him and flood­ing our me­dia daily, has the au­dac­ity to pon­tif­i­cate and re­fer to the new char­ter as “a cat­a­lyst for eco­nomic growth, job cre­ation and a big­ger par­tic­i­pa­tion in key sec­tors”.

His state­ment is at best de­spi­ca­ble and at worse crim­i­nal, and he must face the mu­sic be­hind bars – and not in the fu­ture, but to­day.

So much for grow­ing our econ­omy. Bryanston

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