South Africa considers declaring certain minerals as strategic

"We haven’t classified any, but it is provided for under the mineral bill, which is before the president. If that bill is signed into law, then it will give the minister the ability to declare certain minerals strategic for purposes of industrialisation in South Africa," he said.

Under the bill, such minerals "will be sold for production costs excluding transportation. That is the mine-gate price. And the industry is comfortable with that, because they negotiated that formula," he said.

He would not be drawn categorically on what he will declare strategic but said, "Iron ore is obvious and coal, because coal fires our power stations."

via INTERVIEW-S.Africa considers declaring certain minerals as strategic | Metals & Mining | Reuters.