Statement on the Cabinet Meeting held on 12 August 2009
Cabinet approved the moratorium on the disposal of mining assets currently held by the state entities. This moratorium is intended to provide the Minister of Mineral Resources with adequate time to conduct and finalise an audit of mining interests held directly or indirectly by the state. This audit will enable the state to decide whether to consolidate, retain or dispose of such interests. Any exceptions to this moratorium will require discussions with the Minister of Mineral Resources and final approval from Cabinet before finalisation.

