A copper cauldron in the Northern Cape?
Major miners have tended to pass over the province’s potential, but that could be about to change as current supply dwindles
Mineral exploration in the Northern Cape over the past five years suggests the once-thriving copper district could recapture some of its former glory. In a world faced with a looming copper supply deficit, that’s good news for South Africa’s mining sector. So far, however, major miners have tended to pass over the province’s potential.
There are signs that may change, however. “We are getting some interest from the big players,” says Orion Minerals CEO Errol Smart. “If some predator comes in, we’ll deal with it.” The “tyre-kickers”, as Smart terms potential buyers of the company, can be a distraction to running the business, but, he adds: “We will keep speaking to the big boys.”..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.