https://www.engineeringnews.co.za

Shabangu lauds GlencoreXstrata listing

15th November 2013

By: Tracy Hancock

Creamer Media Contributing Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Mineral Resources Minister Susan Shabangu expected the JSE listing of global diversified natural resources company GlencoreXstrata to mark the beginning of more high-quality inward listings on the local bourse.

She welcomed the investment decision, saying it was a positive signal and a boost for South Africa.

GlencoreXstrata’s decision, Shabangu noted, clearly demonstrated confidence in South Africa, its mining laws and the country’s positive investment climate. “This represents the beginning of a reversal of the misguided interpretation of regulatory uncertainty in the mining industry,” she added.

Since the Mineral and Petroleum Resources Development Act was promulgated in 2004, South Africa had seen a substantial increase in the number of mining companies, mining operations, jobs created and investments.

“With the further strengthening of the Act, through the Bill that is currently in Parliament, we are confident that the sector will continue to play a key role as the cornerstone of the South African economy,” Shabangu concluded.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Showroom image
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 03 May 2024
Magazine round up | 03 May 2024
3rd May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.334 0.387s - 156pq - 2rq
Subscribe Now