SA’s inaction threatens investment, says David Brown
MC Mining has a hot project but investor sentiment over SA could stand in the way of fundraising.
30 September 2019 - 18:46
CEO of MC Mining and industry veteran, David Brown, has warned that policy uncertainty threatens the junior miners' ability to raise funds to develop a significant coal mine in SA.
Brown, who previously headed platinum producer Impala Platinum, said investors are put off by SA’s low growth environment as well as policy uncertainty over how the country will kick-start the economy, particularly when it comes to the turnaround of embattled state-owned companies like Eskom which are dragging GDP growth down...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now