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South Africa approves law that gives state a 20% of oil, mining firms

Cecilia Jamasmie | March 12, 2014 | 5:48 pm Base Metals Battery Metals Precious Metals Africa Europe Gold Platinum Rare Earth 

South Africa’s controversial Mineral and Petroleum Resources Development Amendment Bill became a law Tuesday, after the parliament voted in favour of the amendments, which include giving the state a stake of 20% in new gas and oil exploration and production...

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