SOUTH AFRICA MINING SECTOR HAS MORE THAN 220 BLN RAND IN INVESTMENT PIPELINE

CAPE TOWN– South Africa’s mining industry has more than 220 billion Rand (about 18.14 billion US dollars) worth of investments in the project pipeline, which include the platinum group metals (PGMs), industrial minerals, energy and non-ferrous metals.

Addressing the 2018 Annual Investing in Africa Mining Indabawhich began here Monday, Mineral Resources Minister Mosebenzi Zwane said the investment showed that South Africa remained a critical investment destination.

We have bountiful reserves of platinum, ferrous and non-ferrous metals, all crucial for industrialization. As host of over 80 per cent of global reserves, South Africa has taken the lead in research and development for downstream beneficiation of PGMs, principally through the Hydrogen South Africa (HySA) flagship project, which is focused on developing downstream processing of platinum through its use in hydrogen-powered fuel cells, Zwane said.

He added that the country was ready to partner with investors in this area and in other priority value chains, including titanium, iron ore and jewellery.

Zwane said the government had also created an enabling environment for mining-linked manufacturing in South Africa. Our energy supply has stabilised and there is sufficient energy for new enterprises,” he added.

We have established special economic zones with the relevant infrastructure, where investors will benefit from special incentives, infrastructure and proximity to raw materials.”

An entity under the Department of Mineral Resources, the Council for Geoscience, has discovered clean drinking ground-water in Beaufort West in drought-stricken Western Cape Province.

“This is a result of the multi-disciplinary and integrated approach to our geo-sciences mapping in the country, which is yielding results of science responding to societal issues,” he said.

Source: NAM NEWS NETWORK