R6.7 billion project on hold in South Africa because of ‘security’ concerns
Bloomberg7 April 2021
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Rio Tinto group’s new $463 million (R6.7 billion) mining project in South Africa will remain on hold until the security problems that halted work two years ago are resolved.
Richards Bay Minerals, the South African unit of Rio Tinto, is in talks with the country’s authorities to permanently address violent protests around its operations before resuming work on the Zulti South project, said Werner Duvenhage, RBM’s managing director.
RBM was forced to halt work at the project in 2019 after a spate of community protests that led to one employee being shot and injured.
Rio Tinto South African Project in Limbo on Security Concerns
Apr 08 2021, 3:27 AM
April 07 2021, 5:00 PM
April 08 2021, 3:27 AM
(Bloomberg) Rio Tinto Groupâs new $463 million mining project in South Africa will remain on hold until the security problems that halted work two years ago are resolved.
(Bloomberg) Rio Tinto Groupâs new $463 million mining project in South Africa will remain on hold until the security problems that halted work two years ago are resolved.
Richards Bay Minerals, the South African unit of Rio Tinto, is in talks with the countryâs authorities to permanently address violent protests around its operations before resuming work on the Zulti South project, said Werner Duvenhage, RBMâs managing director.
Rio Tinto SA project in limbo on security concerns moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.
By Felix Njini
(Bloomberg) – Rio Tinto Group’s new $463m mining project in South Africa will remain on hold until the security problems that halted work two years ago are resolved.
Richards Bay Minerals, the South African unit of Rio Tinto, is in talks with the country’s authorities to permanently address violent protests around its operations before resuming work on the Zulti South project, said Werner Duvenhage, RBM’s managing director.
RBM was forced to halt work at the project in 2019 after a spate of community protests that led to one employee being shot and injured. While security has improved and work continues at the rest of RMB’s operations, the company is still concerned about stability at Zulti South and doesn’t know when work will resume.
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