Riyaz Patel
South Africa’s Mineral Resources and Energy Minister says the mining and energy industries remain the bedrock of the South African economy, and crucial that these sectors are supported to propel the economy forward.
Speaking at the 2019 Joburg Indaba, Gwede Mantashe assured stakeholders in the mining industry that his department remains ready to engage constructively to contribute to “our country’s growth and development aspirations.”
The Indaba is addressing key issues around the current economic and regulatory environment.
South Africa is pushing coal producers to cut prices to help save Eskom, the debt-stricken power utility that threatens to unravel the country’s finances.
“At these prices of electricity, this economy is going to collapse,” warned Mantashe, adding, “You have got to reduce the prices — what we are saying is coal producers must contribute in ensuring that is actually addressed.”
The discussions will further involve what must be done to invigorate
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