DTI to develop plan to advance SA’s beneficiation ambitions
After indicating for several years its inten-tion to develop a local minerals beneficiation industry, government has announced that it will, this year, develop a Minerals Beneficiation Action Plan as a component of the Industrial Policy Action Plan.
Addressing Parliament during his Budget Vote speech last week, Trade and Industry Minister Dr Rob Davies added that “extra-ordinary” resource rents profits earned by companies during the commodity super-cycle had not been adequately shared with workers.
He explained that the terms of trade for South African exports had since declined “substantially”, as weak international prices reduced revenues from the country’s key commodity exports.
“I am not suggesting that beneficiation is easy; however, if we fail to decisively pursue beneficiation we will relegate the South African economy to a place at the bottom end of the globalisation of labour, with serious consequences for our ability to generate income and employment.
“Our economy will remain undiversified and will be beholden to international commodity markets,” he cautioned.
He added that government did not have the luxury of debating whether or not to beneficiate its mineral wealth.
“We must harness the collective industrial capabilities of local firms to map how to beneficiate and what enabling policies or support measures are required to ensure this happens successfully and for the benefit of all South Africans,” Davies asserted.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Showroom
Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...
VISIT SHOWROOM
Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
