Question NW478 to the Minister of Mineral Resources
31 March 2017 - NW478
Alberts, Mr ADW to ask the Minister of Mineral Resources
Whether he, with reference to his reply to question 1155 on 5 May 2016, (a) previously or (b) since he intervened in the sale of the Glencore mine, took similar actions to rescue mining companies and to retain jobs; if not, why did he find it expedient to intervene in this instance by virtue of his position as Minister of Mineral Resources; if so, what are the relevant details, with specific reference to (a) the companies involved, (b) his actions and (c) the outcome of the actions?
Reply:
There are several interventions that can be taken to save jobs depending on the challenges faced by the company. These interventions may include but not limited to interventions as declaration signed by the stakeholders.
Sale of assets might be considered if jobs are to be saved and two parties agrees. This intervention will always be persued if there is high probability that jobs will be saved.
I revived the Mineral and Petroleum Board (MPB) with a mandate to focus on section 52 notices
Approved/Not Approved
Mr MJ Zwane, MP
Minister of Mineral Resources
Date Submitted:-……………/………………/2017