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Article: South Africa: State Plans to Restart Its Own Mining Company.
- Article from:
- TendersInfo
- Article date:
- October 14, 2008
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Byline: pinto03
The government will revive a state-owned company dormant since 1944 to invest in strategic minerals, such as coal, uranium and vanadium, minerals and energy department deputy director-general Jacinto Rocha said this week.
In reply to a question at a debate on the future of the mining industry at the Gordon Institute for Business Science Forum, he said recent rumours about the state setting up a mining company were not rumours. But the government's plans were nothing new or secret, he said.
The African National Congress resolved at its Polokwane conference last December to form a state-owned mining company. In August, elements ...