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JOHANNESBURG (Reuters) South African President Jacob Zuma on Saturday launched a stateowned mining company in a move to ensure greater state involvement .
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African Exploration Mining and Finance Corporation is the State Owned Mining Company established to secure South Africa''s energy supply primarily through the mining and supply of coal for the generation of electricity, as well as securing other resources that will provide energy for the future, including key minerals for beneficiation .
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African Exploration Mining and Finance Corporation (SOC) Ltd ("AEMFC") is the State Owned Mining Company established to secure South Africa''s energy supply ...
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The African Exploration Mining and Finance Corporation (AEMFC) is a statecontrolled mining business in South Africa. The AEMFC was launched by Jacob Zuma, the ...
African Exploration Mining and Finance Corporation (SOC) Ltd ("AEMFC") is the State Owned Mining Company established to secure South Africa''s energy supply primarily through the mining and supply of coal for the generation of electricity, as well as securing other resources that will provide energy for the future, including key minerals for ...
South African President Jacob Zuma has launched a stateowned mining company, called the African Exploration Mining and Finance Corporation (AEMFC). However the move is likely to cause concern amongst international investors, who may view it as a step towards the nationalisation of South Africa''s mining industry.
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The launch of stateowned mining company is renewing questions about whether South Africa has longterm plans to nationalise the lucrative industry. President Jacob Zuma officially launches the company this weekend at a coal mine in eastern South Africa.
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