Red-tape SA lags far behind Congolese, says investor Zijin Mining
‘Maze of regulatory challenges’ delayed R13bn Limpopo project, says CEO
24 April 2023 - 05:00
Nkwe Platinum, which is owned by Chinese multinational Zijin Mining and which pledged R13bn to the recent SA Investment Conference, says SA needs to enhance its regulatory environment, citing its Garatau project in Limpopo, which took seven years to get off the ground.
The Chinese mining group used SA and the Democratic Republic of Congo (DRC) in 2014 as a springboard to broaden its reach in Africa, which is endowed with green minerals in high demand as the world looks to transition to a carbon-free future from fossil fuels...
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