Anglo American has reaffirmed South Africa's potential as a premier mining investment destination, even as the company commits R11.2 billion ($677 million) to an ultra-high dense media separation iron-ore project at Sishen in the Northern Cape, according to Mining Weekly.
Group chief executive Duncan Wanblad told the Joburg Indaba that the country's mineral wealth remains a major strength, but attracting capital requires improved competitiveness.
He pointed to Anglo's participation in the Government-Business Partnership for Growth and Jobs, which aims to achieve 3% economic growth and create one million jobs by 2030.
Mining has been embedded as a key pillar in the partnership's third phase.
Wanblad outlined three urgent priorities: simplifying administrative processes and implementing a modern cadastral system to unlock exploration; continuing rail and logistics reforms for reliable freight and port systems; and strengthening energy security, where Anglo's Envusa partnership with EDF has already connected 520 MW of renewable power.
Positive developments include South Africa's removal from the grey list and improved credit ratings, which have boosted investor confidence.
However, Wanblad cautioned that security, safety, and corruption still demand significant effort and partnership.
He suggested that South Africa's best mining days may still lie ahead, given remaining prospectivity and the world's evolving view of the sector.
Mathew Nyaungwa, Editor-In-Chief, Rough & Polished
