Mining industry should collaborate with other sectors: Ramatlhodi


“One of the conclusions that came in our session was that there was a tendency by the mining houses to work as self and not work in collaborative ways,” Ngoako Ramatlhodi told CNBC Africa.

Ramatlhodi said there was a need to get synergies between mining and other sectors of the economy.

(READ MORETaking advantage of an integrated world)

The mineral resources minister said South Africa’s mining companies should consider working on Sundays to recoup losses incurred during the strikes season.

“We are looking at how to increase production. We need to explore using weekend days like Sundays so as to cover for losses incurred if the unions agree.”

“In our plenary sessions we also discussed about mining and infrastructure and the falling prices of extractive commodities and we were exploring solutions to both issues,” Ramatlhodi said.

(READ MOREEurozone, oil prices and china’s slowing growth to dominate WEF 2015)

He welcomed the fall in oil prices as a positive spin-off for the country as it was a net oil importer.

“The fall in oil is a positive development for us as it will help power our Agriculture products can be competitive and our inflation can be managed,” he said.