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South African mining ‘open for business’

first_img6 February 2012Four key players in South African mining, taking part in a debate hosted by the Financial Times and facilitated by Brand SA, acknowledged that the sector is faced with major challenges, but agreed that SA mining is “open for business”.Deputy Mineral Resources Minister Godfrey Oliphant, Chamber of Mines CEO Bheki Sibiya, BHP-Billiton chair Xolani Mkhwanazi and SA Mining Development Association (Samda) chair Peter Temane took part in the debate in Cape Town on Sunday on the eve of the 2012 Investing in African Mining Indaba conference.Samda’s Temane said infrastructure development and the opening up of the Sishen-Saldanha railway line to all mining companies would assist with the development of small miners – especially in the mining of manganese, of which South Africa holds 80% of the world’s reserves but only contributes 20% of worldwide production.Temane speaks to ABN on developing South Africa’s junior mining sector – check the videoDownstream beneficiation was another priority for South Africa, as this could help with spreading wealth, Temane said. “Let us rather create a thousand millionaires than one billionaire.”Deputy Minister Oliphant agreed that lack of infrastructure was a key constraint for mining in SA, and pointed out that a government inter-ministerial task team was currently investigating how this could be alleviated.Public-private partnerships ‘the way forward’On the issue of nationalisation of mines, Oliphant said the debate has been going on for many years and would continue. But he said the government would not act recklessly, noting that South Africa was “a rule-based society”.He also pointed out that, should the state’s mining interests be consolidated into one company, it would be run like all other state-controlled institutions.The four participants agreed that partnerships between public and private sector players in the industry were the best way to ensure that South Africa became an investment destination of choice for international mining companies.On the question of transformation in the industry, the Chamber of Mines’ Sibiya said he was unapologetic about the issue, adding: “We are second to none when it comes to transformation and standing head and shoulders above the rest of the industry.”For him, the challenge was more about wealth creation.Training, development, safetyOn the challenge of training and development in the industry, Sibiya said the sector was spending 3.5% of its payroll on human resource development. “At the Chamber of Mines we are committed to addressing the issue and we are also looking at creating a development fund at the Chamber.”Oliphant said health and safety was a major priority for the industry, and that the Department of Mineral Resources had consistently maintained that if mines could not maintain mine safely then they should not mine at all.Sibiya pointed out that the Chamber of Mines was in a major drive to achieve zero fatalities and was following the Australian model, which was a world-leader in this field.Oliphant said the Department of Mineral Resources had embarked on several projects for responsible management of the environment, including acid mine drainage and the rehabilitation of derelict mines.SAinfo reporterlast_img read more

What the iPad Means For Startups: Instant Demos

first_imgchris cameron Why Tech Companies Need Simpler Terms of Servic… Imagine never having to give a bland elevator pitch ever again. If an entrepreneur and a venture capitalist find themselves in the proverbial elevator ride, a VC will be pretty impressed by the startup that can pitch and demo their business in a matter of seconds while on-the-go.The Twittersphere is already exploding with iPad related tweets, completely taking over the trending topics, save for Haiti. Forward looking tweeters, like Jonathan Markwell and David Gawlowski are already seeing the possible benefits of the iPad for startups. Tags:#start#startups A Web Developer’s New Best Friend is the AI Wai… Related Posts center_img Top Reasons to Go With Managed WordPress Hosting 8 Best WordPress Hosting Solutions on the Market What other benefits could startups take advantage of from Apple’s iPad? Let us know what you think in the comments below! The media feeding frenzy around the newly released Apple iPad has finally reached critical mass as the device was unveiled to the masses today in San Francisco. Some people love it for features like the $499 entry-level price tag, while others are disappointed to learn the device lacks a camera.One of the biggest announcements Apple made today was the updated versions of the iWork productivity applications, which will run on the iPad with full multi touch integration. Keynote, Pages and Numbers will all be available on the iPad when it goes on sale in a few months – and all at just $9.99 per app.Startups and entrepreneurs will benefit immensely from the ability to create documents, spreadsheets and presentations on-the-go, allowing them to take their product pitches with them wherever they go. When they meet people at events, they can whip out their iPad and flip through their Keynote presentation right then and there. last_img read more