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Johannesburg - The African National Congress (ANC) would like a local company to buy mines being sold by Anglo American Platinum but it will not try to influence the deal, the party said on Tuesday.
The world's biggest platinum producer, a unit of Anglo American, said last week it would sell a swathe of its most labour-intensive mines after a five-month strike hit its revenues and as it follows a long-term pivot to mechanised operations.
Foreign investment
"Our dream is to have a South African mining champion," ANC secretary general Gwede Mantashe, who formerly headed the National Union of Mineworkers, told reporters.
"It would be quite important to have a South African company buying those assets but it is not a choice of the ANC. We are not going to go to Amplats and say: 'select this consortium'."
The ANC leadership says it wants to encourage foreign investment but it also has long-standing policies aimed at boosting South African participation in the private sector.
After apartheid ended in 1994, the ANC introduced a Black Economic Empowerment law to redress some of the inequalities of the previous government by ensuring companies increased black ownership and numbers of black workers.
Potential source
One of the frontrunners to buy Amplats assets is South Africa's Sibanye Gold, whose chief executive Neal Froneman said he wanted a platinum deal before the end of the year and could easily raise $1bn to seal one.
Sibanye also has Chinese investors, bringing it a cheap potential source of funding. Another Chinese-backed company, Wesizwe Platinum, has also said it was looking at possibly buying further assets in the sector.
Some analysts have said poor labour relations and high costs make the mines Amplats is selling almost worthless, while other experts value them as high as $2bn
