RE: MM SEZ6 Oct 2020 10:42
https://www.miningmx.com/top-story/43865-sa-coal-mining-investment-set-to-become-a-very-private-affair/
“I can tell you now not one cent of MC Mining’s market value is given to GSP,” said Brenda Berlin, interim CEO of MC Mining. Greater Soutpansberg Project is the firm’s blue sky prospect. Located in the Limpopo province, the collection of farms contains an estimated 1.7 billion tons of mineable resource, but it is pretty unlikely to see light of day.
.... These conditions will put more pressure on Government to step into the vacancy created by public money’s exodus from the market.
Vele, MC Mining’s mothballed thermal and metallurgical and thermal coal mine and plant in the Limpopo can only re-open if the government is able to marshal investment in the Musina-Makhada special economic zone (SEZ). But is that likely?
The SEZ needs catalysing with a new steel mill, an idea that seemed borderline preposterous when the Industrial Development Corporation (IDC) shelved those investment plans in 2017. You can’t say conditions on the home front have improved since then.