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The ANC has said would still try to form coalitions to govern the municipalities where it lost its majority.
The South African Trade Minister said Pretoria expects to replicate its successful EU trade deal with the UK.
Africa's most industrialized country is struggling with diverse challenges, including promises to create jobs and address poverty.
The meeting was held ahead of a UNSC open debate on "Peace-building in Africa".
Talks between unions and the mining companies started this month.
The bill will allow the government to make compulsory land purchases from rich whites and redistribute it more fairly to address racial disparities.
Trade and Investment Minister Rob Davies received Cabinet approval last week to designate the zone and issue an operator permit.
The UN Security Council has told rivals President Salva Kiir and Vice-President Riek Machar to rein in their forces.
The Indian Prime Minister will head to South Africa from Mozambique on 8 July.
