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Mining Weekly writes that there are significant opportunities for young entrepreneurs to enter the local mining industry, particularly with a number of senior miners exiting their existing assets owing to depressed commodity prices and general business challenges.
This was said by Department of Mineral Resources (DMR) deputy director-general Joel Raphela at the 2016 Youth in Mining, Procurement and Transformation Summit, in Johannesburg, on Tuesday. He said great strides had been made in transforming the mining sector and bringing in new, young business people over the past 22 years. However, he conceded that more still had to be done. ANC treasurer general Dr Zweli Mkhize revealed to delegates that at a recent meeting between the ANC and the Chamber of Mines both parties agreed that the mining sector was not a sunset sector and that it had many years of growth and profitability left within it.
- Read this report in full at Mining Weekly
- Read too, Urban mining an opportunity for youth: Zwane, at Business Report
- And also, Youth keen to get into mining, says Small Business Development Minister, at Business Report
Get other news reports at the SA Labour News home page