Govt launches R400-million fund to boost new mines | Business

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Minister Gwede Mantashe (middle) inspects a diamond with  De Beers CEO Al Cook (right) at the opening of the group's new sightholder facility in Johannesburg in May 2023.

Minister Gwede Mantashe (middle) inspects a diamond with De Beers CEO Al Cook (right) at the opening of the group’s new sightholder facility in Johannesburg in May 2023.

The South African government has established an exploration fund for mining investors to encourage the development of new mining projects, and to attract investments to a sector starved of new mining projects. It has been in decline for some years.

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