Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

S. Africa Mines Chamber Warns on Carbon Taxes, Independent Says

Nov. 27 (Bloomberg) -- South Africa’s Chamber of Mines said it may soon be hard to find investors in coal mining as proposed carbon taxes and fears over nationalization are making the sector unattractive, the Sunday Independent reported, citing Xolani Mkhwanazi, the group’s president.

South Africa should grant carbon tax exemptions to high energy users like smelters to ensure their survival, Mkhwanazi said, according to the Johannesburg-based paper today.

The country’s mining industry could grow by at least 3 percent a year for the next decade and create 100,000 jobs if there is a supportive environment and calls for nationalization are laid to rest, Mkhwanazi said, according to the paper.

To contact the reporter on this story: Jana Marais in Johannesburg at

To contact the editor responsible for this story: Dick Schumacher at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.