MC Mining’s announcement last week that an agreement was reached allowing the Kinetic Development Group (KDG), a China-based company, to purchase a 51% post-transaction share in the mining company through a US$90 million (R16 billion) investment deal has environmentalists worried.
According to a press release issued by MC Mining, the proposed investment by KDG will not only advance MC Mining’s flagship Makhado steel-making and hard-coking coal project just north of the Soutpansberg into...