Daily Maverick (Johannesburg)

5 February 2014

South Africa: Mining Indaba 2014 - Brave Faces in Uncertain Times

analysis

Any way you look at it, this isn't the brightest or most beautiful time for South African mining - if there's ever been one. Strikes in the platinum sector are costing the industry an estimated R197 million per day.

On Tuesday, as all the major players in African mining gathered at Cape Town's swish Convention Centre for the annual Mining Indaba, SAPS had to disperse 3,000 "violent protestors" at an Amplats shaft. But the industry was putting on a bullish face - despite some nostalgic references to the "good old days". By REBECCA DAVIS.

Given the fact that AMCU members have been on strike since 23 January, it was unsurprising that Mineral Resources Minister Susan Shabangu had to devote a good portion of her opening address to the Mining Indaba, and a subsequent press conference, to allaying investor jitters about the state of labour relations in South African mining.

She preceded this nonetheless with a swipe at the media for blowing the issue out of proportion: "When we look at the current headlines, they tend to focus exclusively on such issues as labour instability," Shabangu said, though given the scale of the current strike, and its financial impact, it's hard ...

Ads by Google

Copyright © 2014 Daily Maverick. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.