South Africa looks to UK for mining investors

South Africa is currently the world’s largest producer of chrome, manganese, platinum, vanadium and vermiculite.

South Africa looks to UK for mining investors

South Africa’s Deputy President, Kgalema Motlanthe is currently on a visit to the United Kingdom hoping to promote investment in South Africa, with special focus on the mining sector.

“Deputy President Kgalema Motlanthe will on Saturday 14 September 2013 travel to London on a working visit to the United Kingdom to promote investment, especially in South Africa's mining sector,” a statement by the South African presidency stated.

The deputy president is set to meet with investors, bankers, mining companies and opinion makers during his stay in Britain.

Motlanthe along with the Minister of Finance Pravin Gordhan, Minister of Mineral Resources Susan Shabangu, and Deputy Minister of International Relations and Cooperation Ebrahim Ebrahim will conclude their visit on the 18th of September.

South Africa is currently the world’s largest producer of chrome, manganese, platinum, vanadium and vermiculite.

The Southern African country is the world’s third largest producer of coal while at the same time approximately 40% of its coal is used for local power production.

South Africa owns close to 50% of the world’s reserves for gold and is accounted for nearly 10% of the world’s gold production. The country is also classified as the fourth largest producer of diamonds globally.

Cihan

Last Mod: 16 Eylül 2013, 15:53
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