Council for Geoscience
The community of KwaMachi, near Harding in the South Coast of KwaZulu Natal (South Africa) has in recent times claimed to have found gold in the area.
Platinum Group Metals is advancing its palladium-dominant Waterberg project through DFS stage at a time when palladium supply is in deficit.
Despite South Africa’s stated intention of nurturing a junior mining sector as a key strategy in revitalising and transforming the mining sector, voices at the recent Junior Mining Indaba in Johannesburg, South Africa, were clear that this was not happening.
“Following the recently launched draft Mining Charter, a stability clause has also been proposed and this is exactly what our country needs right now, to allay investor fears and encourage much-needed investment in a struggling sector,” says Bert Lopes, Natural Resources Head at audit firm, BDO.
Never one to mince his words DMR Minister, Gwede Mantashe, has lambasted the status quo with regards to his department being rife and stalled by corruption and endless loops of red-tape when trying to get mining projects up and running.
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