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More South African mining jobs at stake on policy uncertainty – Amplats CEO

Policy uncertainty in South Africa and low commodity prices are hurting investment in the mining sector and will lead to further job cuts, the chief executive of the world’s biggest platinum miner, Anglo American Platinum (Amplats), said on Tuesday. The embattled industry is waiting for the latest version of the Mining Charter which contains regulations meant to redress imbalances of the nation’s past apartheid rule and stipulates rules for miners to perpetually keep black ownership levels at 26%.