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Mining not yet a sunset industry

Mining is getting the attention it needs and is not a sunset industry like many seem to believe.

After listening to the opening address by Gwede Mantashe, Minister of Mineral Resources and Energy (MRE), on the first day of the 26th Investing in Africa Mining Indaba today, UASA is encouraged by the MRE’s commitment to private power generation and government’s support for incentives that boost the economy.

The revised Schedule 2 of the Electricity Regulation Act that is currently being gazetted will enable self-generation of electricity and facilitate municipal power-generation options. This will help close the energy gap caused by the weak performance of Eskom’s deteriorating plants.

While large numbers of jobs have been lost in the mining sector, Mantashe said that the demands of the 4th industrial revolution present new growth opportunities for the mining industry and that the industry must position itself to take advantage of this reality.

UASA agrees that we must be prepared for the realities of 4IR and the new growth opportunities, but that the solution lies in the retraining of workers whose contributions to the workplace may become redundant by the new developments.

For further enquiries or to set up a personal interview, contact Stanford Mazhindu at ‪074 978 3415‬.


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