SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: BDR who wrote (184060)8/1/2002 12:50:55 PM
From: BDR  Read Replies (1) of 436258
 
Regarding nationalization in S. Africa, many corporations are going offshore to avoid being subject to regulations for black ownership. But you can't move the mines.

Tuesday, 25 June, 2002, 19:50 GMT 20:50 UK
South Africa mining bill approved
news.bbc.co.uk
Mining companies warn of 'creeping nationalisation'

A controversial bill which will transfer ownership of all South Africa's mineral rights from private companies to the state has been passed by parliament's lower house.

The governing ANC party and labour organisations say the new legislation would ensure that the black majority in South Africa participates in the mining industry, which has been dominated by whites since the apartheid era.
>>>>>>>>>

Contested South African minerals bill passes final vote
------------------------------------------------------------------------
planetark.org

SOUTH AFRICA: June 27, 2002

CAPE TOWN - South Africa's parliament gave final approval yesterday to a controversial bill shifting custodianship of mineral rights from private to state hands.

The bill, which makes the state custodian of all mineral rights not currently being mined and sets stringent social and environmental conditions for new licences, probably will be tested in the Constitutional Court before it is signed into law.

Big mining companies slammed the Mineral and Petroleum Resources Development Bill during its preparation, calling it "creeping nationalisation" and saying it would undermine international investor confidence in South African industry.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News