Anglo lauded for R600m junior exploration backing
Anglo American drew applause on day two of the Investing in African Mining Indaba for the R600-million the diversified mining major has provided for exploration in South Africa Established with an initial R400-million, the Junior Mining Exploration Fund (JMEF) is a joint mining exploration fund managed by South Africa’s State-owned Industrial Development Corporation (IDC) and the Department of Mineral and Petroleum Resources (DMPR) with the Council for Geoscience (CGS) providing oversight and technical support in evaluation of applications.
Anglo American drew applause on day two of the Investing in African Mining Indaba for the R600-million the diversified mining major has provided for exploration in South Africa Established with an initial R400-million, the Junior Mining Exploration Fund (JMEF) is a joint mining exploration fund managed by South Africa’s State-owned Industrial Development Corporation (IDC) and the Department of Mineral and Petroleum Resources (DMPR) with the Council for Geoscience (CGS) providing oversight and technical support in evaluation of applications.
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