Despite recent excitement for opportunity in Africa, much-vaunted as mining's new golden goose, investment and industry are slowing to a crawl.
The minister of mineral resources will now have extended ministerial discretion in the Mineral & Petroleum Resources Development Act Amendment Bill.
Mining has been the backbone of South Africaâ€™s economic development.
Despite a growing abundance of mining opportunities on the continent, foreign investors are wary of the challenges when developing projects in Africa.
The dominant themes at the Investing in Africa Indaba were ensuring stability, encouraging FDI and collaborating towards a prosperous future.
While the search continues for one miner after the news of the death of eight others, the minister will visit Harmony Gold's Doornkop mine.
The South African economy is dependent on a stable mining industry that has lasting and sustained peace in its labour affairs, says Trevor Manuel.
Changes to how companies operate are the only way the industry will survive, conference hears
The level of beneficiation in South Africa is low despite the country leading in platinum group metals production
Government leaders and mining bosses at conference try to find solutions to a multitude of challenges
The ANC has become bold on policy recently, detailing the Âmining sectors in which it aims to increase the role of the state.
SA's mining industry could see sustained job losses over the next 10 to 20 years as greater mechanisation and new mining techniques are introduced.
The jobs on the line in Anglo American's plan to bring profits back to its SA operations are just the first of many the sector is about to bleed.
Mamphela Ramphele has warned unrest in the mining and agricultural sectors would continue if efforts were not made to change the industries' dynamics.
Anglo American Platinum outgoing head Cynthia Carroll has told the mining indaba delegation that South Africa was at a pivotal moment.
The mines minister has told delegates at the mining indaba that the ANC and government are not interested in making mine nationalisation policy.