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South Africa mineral resources minister reassures investors in ailing mining sector

South Africa’s new Mines Minister Mosebenzi Zwane has acknowledged that the mining sector in the country is in distress but measures were underway to restore its fortunes. Speaking at the annual investing in Africa Mining Indaba, thats underway in Cape Town, the minister told investors that the sector has faced some of its toughest years since 2012 with a significant decline in production across all mining platforms. 47 000 jobs have been lost between 2012 and 2015. Investment into the country has also declined at a faster rate than anywhere else in the world.

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