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Wed, Feb 8 2012 Mines nationalization not South Africa's policy: Zuma Tweet Share this Email Print Related News UPDATE 1-Mines nationalisation not S.Africa's policy - Zuma 1:33am EST South Africa's Malema loses appeal against ANC suspension Sat, Feb 4 2012 Africa "black diamond" spenders show their lustre Mon, Jan 23 2012 Analysis & Opinion Don’t bet against Glenstrata antitrust roadblock Glenstrata is sideshow to mining’s epic challenges Related Topics World » South African President Jacob Zuma delivers his State of the Nation address at Parliament in Cape Town February 9, 2012. Credit: Reuters/Mike Hutchings JOHANNESBURG | Fri Feb 10, 2012 1:54am EST JOHANNESBURG (Reuters) - South African President Jacob Zuma said on Friday nationalizing mines was not the policy of his African National Congress (ANC)government, as he sought to lay to rest speculation over government intentions for the mining industry. "We have answered this question many times, we are very clear ... nationalization is not ANC or government policy," he said in answer to a question during a televised breakfast briefing. "Our policy is mixed economy," he added. Senior members of the Zuma administration have been trying to quash the idea - raised by the radical youth league of the ruling ANC - of mine nationalization in the world's largest platinum producer. Two cabinet members told a global mining conference in Cape Town this week that nationalization was not a viable option. A mining sector study submitted to the ANC leadership this month rejected nationalization as an "unmitigated disaster." It proposed a 50 percent tax on mining profits as a way to help the poor better benefit from South Africa's mineral riches. (Reporting by Tiisetso Motsoeneng; Editing by Pascal Fletcher) World 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. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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