[miningmx.com] – Ngoako Ramatlhodi, South African mines minister, reiterated his view that coal and platinum assets sales by Anglo American should be to local companies, and that his government would facilitate such transactions.
“At the moment, for example, Anglo American is looking to dispose of most of its coal mines in South Africa so I want my people to take over those mines,’ Ramatlhodi told Reuters on the sidelines of the Chatham House Extractive Industries in Africa event.
“In Rustenburg, I would hope we can manage to grab those as well,’ he said without specifying what the economic conditions for such an acquisition would be.
“The government will not own anything but we will facilitate ownership using the instruments available to us to say to companies: if you dispose, give to an entity which looks like this,’ he said.
“These companies must be run as a business, not as a charity. You must have people experienced in the mining industry to run them.’
Click here to read the full article
