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Slideshow South Africa mines minister reassures foreign investors Tweet Share this Email Print Related News Labor strife returns in South Africa's platinum belt Mon, Aug 27 2012 South Africans mourn victims of platinum mine carnage Thu, Aug 23 2012 Gold jumps above $1,650; Fed minutes feed stimulus hopes Wed, Aug 22 2012 Unrest spreads in violence-hit South Africa mining belt Wed, Aug 22 2012 UPDATE 3-Unrest spreads in violence-hit S.Africa mining belt Wed, Aug 22 2012 Analysis & Opinion The U.S. needs to walk the walk on African security South African equities hit record highs, doomsayers left waiting Related Topics World » PERTH | Wed Aug 29, 2012 1:58am EDT PERTH (Reuters) - South Africa's institutions provide protection for foreign investors in the resources sector, its mining minister said on Wednesday, seeking to reassure about the stability of the sector after a recent wave of labor unrest and deadly violence. Minister Susan Shabangu made the comment on a trip to Australia after clashes between workers and police killed 44 people earlier this month and shut ore output at mines run by Lonmin, the world's third-largest producer of platinum. "We urge our investors, incumbent and prospective, to take comfort in the solid foundation set by our constitution, government, legal and civil institutions," Shabangu told a gathering of mining executives and African officials in Perth. "The president and people of South Africa are determined to isolate bad elements in our society that are seemingly committed to undermine the democratic gains of the country to date," she added. Platinum miner Lonmin said on Tuesday only 8 percent of workers had reported for duty at its South African operations as it struggles to restart shafts halted for over two weeks. Minister Shabangu also said the question of nationalization in South Africa's mining sector would be put to bed at the end of the year. South Africa's ruling African National Congress (ANC) had been expected to rule on a drive to nationalize the country's mines earlier this year. But the policy still remains unclear although "blanket nationalization" - a sweeping buyout that would cost the state $132 billion - and a windfall tax appear to be off the table. "That debate will reach its conclusions within the ruling party in 2012," Shabangu said. (Reporting by Rebekah Kebede; Editing by Ed Davies) World Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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