Question NW1687 to the Minister of Mineral Resources and Energy
27 May 2022 - NW1687
Madokwe, Ms P to ask the Minister of Mineral Resources and Energy
In light of the recent results of the Fraser Institute's Annual Survey of Mining Companies 2021, wherein the Republic was ranked as the world’s 10th least attractive mining destination, what (a) has he found to have been the reasons to influence this and (b) steps will be taken by his department to guarantee that the mining industry in the Republic remains lucrative and appealing to investors?
Reply:
The Department gazetted the Exploration Strategy recently and key areas of influence were identified. Government and social partners will address these to improve the country’s investment attractiveness within the next five years.
There are logistical (rail and freight), regulatory (water and environmental licensing) and security challenges which fall outside the mandate of the DMRE.