[miningmx.com] — CABINET has approved mineral beneficiation as policy for South Africa, cabinet spokesperson Jimmy Manyi said on Thursday.
“This strategy provides a framework that seeks to translate the country’s sheer comparative advantage inherited from a significant mineral resource reservoir to a national competitive advantage,” he told a media briefing following cabinet’s regular Wednesday meeting.
As a vital input to the industrialisation programme, this new policy presented exciting opportunities for long-term investment, for both local and foreign, into the beneficiation/manufacturing sector of the economy, he said.
“This will leverage optimal benefit from enhanced value of exports, increasing sources for consumption of local content and contribute towards the creation of sustainable jobs.”
Cabinet has also approved the design of the commemorative crown-size silver coins in celebration of the 90th Anniversary of the South African Reserve Bank. The new coin design would be published in the Government Gazette, he said.
