About 25 leading Indian companies
in the steel and power sector are seeking mining rights for iron ore and coal
in South Africa, according to South African Consulate officials.
Ms Allison Christian, Deputy
Director, Business Facilitation Trade and Investments, said the companies had
approached the consulate to assist them in securing local mining opportunities.
Declining to disclose names before deals were inked, she said they were top
corporate houses in the power and steel segment.
100% foreign direct investment
(FDI) is allowed in almost all sectors in South Africa, except in mining where
it is mandatory to have a local partner who will be the licence-holder. And the
South African Government assures companies that establish beneficiation
facilities there of a steady supply of roughs.
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