R100bn of mining investment is snarled up in red tape, says Minerals Council
R30bn of capital projects await regulatory approval amid 4,500 outstanding mining and prospecting licences
SA could unlock almost R100bn of investment by the mining industry if it cleared the red tape holding back the new mining and renewable energy projects the industry has planned.
The Minerals Council SA estimates companies in the sector have R30bn of capital projects awaiting regulatory approval, but a backlog of 4,500 outstanding mining and prospecting licences at the department of mineral resources & energy is preventing them from going ahead...
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