Mantashe announces fund for junior mining companies
Gwede Mantashe signed a memorandum of agreement with the Industrial Development Corporation (IDC) and the Council for Geoscience at the Mining Indaba on Tuesday.
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Gwede Mantashe signed a memorandum of agreement with the Industrial Development Corporation (IDC) and the Council for Geoscience at the Mining Indaba on Tuesday.
Minerals and Energy Minister Gwede Mantashe noted that black participation in ownership patterns in the mining industry has jumped to 39% since 2004.
Deputy President Paul Mashatile believes that although the Mining Charter has
Over 50 fatalities were reported in 2023, up from 45 in 2022, sparking renewed concerns about the safety standards of the country’s mines.
Two firms, Singapore-based Trafigura and Canada's Ivanhoe Mines, signed a major deal on Wednesday to export copper along a US-backed rail route from the Democratic Republic of Congo.Ivanhoe Mines' founder and co-chair Robert Friedland thanked the Trafigura-led Lobito Corridor consortium and the governments of Angola and the DRC. Lobito, he said, is "fast becoming one of the most important trade routes for vital copper metal in the world" and would unlock access to minerals in other parts of cent