News Formal

Mantashe hails Rio Tinto’s R65bn mine development investment in KZN

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 75%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The minister says the investment is an affirmation of South Africa's attractiveness as an investment destination.

Special Information Session, South Africa question and answer session with Minister of Mineral Resources, Gwede Mantashe. Picture: Courtney Africa / African News Agency

On Monday, Rio Tinto announced that it had approved the next stage in the development of Richards Bay Minerals through the construction of the Zulti South project, which is expected to sustain RBM’s current capacity and extend mine life. Mantashe said that the investment was an affirmation of South Africa’s attractiveness as an investment destination, adding that it confirmed South Africa’s stable and predictable policy and regulatory environment.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trade investment summit aims to increase trade and economic development between Kenya, SAThe summit would hear about the Kenya government's priorities in the next five years, which present an excellent attraction for foreign direct investment.
Source: TheCitizen_News - 🏆 6. / 75 Read more »