Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry.
This week:
New mining fund raising R750m to co-finance ancillary mine projects
And, free-carried interest will foster loyalty among mineworkers
The new tax-incentivised CCP 12J Mining Fund is going all out to raise R750-million for co-investment in ancillary project opportunities on existing mine sites.
CCP 12J MD Paul Miller:
Mineral Resources Minister Gwede Mantashe has noted that the free-carried interest stipulated in the latest draft of the Mining Charter would result in workers deriving immediate value, thereby fostering diligent performance and loyalty towards employers, as workers strove to enhance and improve “their” mine.
Mineral Resources Minister Gwede Mantashe:
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