-11.8 C
Ottawa
Monday, January 26, 2026

South Africa Scraps Black Ownership Rule in Minerals Exploration, Opening Door to US Firms

Date:

Some analysts see Pretoria’s unexpected move with regard to local black ownership in the minerals exploration sector as a win for the United States.

South Africa Scraps Black Ownership Rule in Minerals Exploration, Opening Door to US Firms

Some of the thousands of platinum mineworkers report for work at Lonmin, Anglo American Platinum mine in Marikana, South Africa, on June 25, 2014, following the resolution of the five-month strike in the sector. Denis Farrell/AP Photo

Darren Taylor

|Updated:

JOHANNESBURG—Clauses in a draft bill that would have forced foreign minerals exploration companies to be partly owned by black locals have been scrapped by the South African government.

Some analysts see Pretoria’s move, which happened on June 10, as a win for the United States.

Darren Taylor

Darren Taylor is a reporter based in South Africa.

Author’s Selected Articles

spot_imgspot_imgspot_img

Share post:

More like this
Related

NATO Secretary General Mark Rutte Speaks in European Parliament About Arctic Security

NATO Secretary General Mark Rutte Speaks in European Parliament...

Trump Says Tariffs on South Korea Will Be Raised to 25 Percent

The president said that the increase from 15 percent...

South Korean Sub Maker Hanwha Signs Agreement With Algoma Steel

National Defence Minister David McGuinty, South Korea Prime Minister...

Canada Sending Naval Patrol Vessel to Greenland for Opening of New Consulate: Anand

Foreign Affairs Minister Anita Anand speaks during an interview...