The lack of exploration projects in South Africa has prompted government to make concessions to attract venture capital, writes Leon Louw.
The dearth of exploration projects in South Africa is cause of concern, but it does seem that the government realises the importance of finding new ore bodies and are willing to support such ventures.
Minister of Mineral Resources Gwede Mantashe has, on numerous occasions, encouraged exploration companies to invest in South Africa and, with the BEE requirements for exploration officially dropped, the country is looking a lot more attractive for junior exploration companies.
South Africa hosts spectacular ore bodies and large areas of the country are yet to be explored. The Northern Limb of the Bushveld Igneous Complex has huge potential, while there are many opportunities for new gold and coal discoveries outside traditional mining regions.