Min­is­ter Zwane helps to save 3 000 min­ing jobs

The Star Early Edition - - BUSINESS REPORT - – Di­neo Faku

MIN­ERAL Re­sources Min­is­ter Mosebenzi Zwane helped save 3 000 jobs fol­low­ing his de­ci­sion to ap­prove Lon­min’s ap­pli­ca­tion to ac­quire An­glo Amer­i­can Plat­inum’s (Am­plats) 42.5 per­cent stake in Pan­dora, a joint ven­ture be­tween Lon­min and Am­plats, he said yes­ter­day. “Lon­min came and pre­sented its case to us, and one of our pri­mary con­sid­er­a­tions when as­sess­ing their ap­pli­ca­tion was how we were best go­ing to pre­vent re­trench­ments at the mine,” Zwane said. “The grant­ing of the con­sent is fur­ther sub­ject to Lon­min pre­sent­ing a plan to the Depart­ment of Min­eral Re­sources within five days, on how it will ad­dress its em­pow­er­ment com­pli­ance, as we can­not af­ford a sit­u­a­tion where trans­for­ma­tion is com­pro­mised,” he added. Zwane also de­fended his de­ci­sion for a mora­to­rium on grant­ing of new min­ing rights say­ing the Depart­ment of Min­eral Re­sources was a rea­son­able reg­u­la­tor, and ap­plied laws con­sis­tently to all right-hold­ers.

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