Delayed legislation stopping mining from firing on all cylinders – Exxaro

South Africa’s economic growth remains inadequate to drive the changes required for the country’s socioeconomic challenges and the continued delay in the promulgation of key minerals legislation is deterring the investment required to make South Africa’s mining industry fire on all cylinders, Exxaro Resources CEO Mxolisi Mgojo said on Thursday. In reporting 185%-higher headline earnings of R4 621-million for the 12 months to December 31, the head of the R40-billion, 6 000-employee black-controlled mining company told investors, analysts and journalists that it was therefore important to manage the business resiliently, with clear priorities and decisiveness. (Also watch Creamer Media video attached).