Mineral Resources Minister Mosebenzi Zwane accompanying Minister in the Presidency, Jeff Radebe and Trade and Industry Minister Rob Davies, took part in the South Africa-Russia Roundtable, which was held in Pretoria on 14 November 2017.

Minister Radebe welcomed the Russian Federation Delegation led by the Deputy Minister H.E. Yuri Trutnev to the roundtable, which was held to strengthen trade and investment between the two countries.

The discussion focused on strengthening bilateral relations between South Africa and Russia in the areas of mining, energy, machinery, diamonds, agriculture, and mineral fertilisers production.

Minister Zwane addressed delegates, and welcomed Russia’s speedy response to discussions held when he visited the country 3 weeks ago.

Mining companies who travelled to Russia with the Minister were also present yesterday, to take discussions further with potential investors, including The Council for Geoscience and Mintek SA who are collaborating with Russia in the implementation of the memorandum of understanding.

Zwane allayed the concerns of business representatives and urged them to engage on how they, together with government, could organise themselves and travel to Russia to gain skills and invest in the areas of focus.

“I have made an undertaking that on 6 and 7 September 2018, I will lead a South African team to the Far East, investors are invited,” said Zwane. “The launch of Brics bank comes at the right time to ensure assistance of those who need to overcome financial challenges.

“I have also invited my Russian counterpart to the Mining Indaba to ensure that we strengthen our relationship and create a space to take South Africa-Russia to the next level. Our commitment to radical economic transformation is unwavering and is central in any potential investment in mining.”

South Africa and Russia have an MoU on PGMs, as well as agreements on exploration R&D, geomapping, skills development, beneficiation and knowledge sharing.

Zwane concluded by saying the time for talking is over and implementation of the MoU and other commitments must be prioritised.