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South Africa won’t nationalize its mines, but taxes go up

Cecilia Jamasmie | December 21, 2012 | 5:44 pm Base Metals Energy Precious Metals Africa Europe Coal Gold Platinum 

After years of debate, South Africa’s ruling party African National Congress rejected Thursday plans to nationalize the country’s mining sector, but voted in favour of higher taxes in the world’s main producer of platinum and chrome. “The issue of nationalization...

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