Keyword: Xolobeni

Are We Attracting the Wrong Kind of Mining Entrepreneurs to South Africa? The Case of MRC, Xolobeni and Tormin

Picture: Anti-Mining Protestors in Xolobeni courtesy United Front Glenn Ashton - South African wealth is founded on our extraordinary mineral bounty, conservatively valued at over $3 trillion (R36 trillion). Our future is dependent on how we manage this geological legacy. We can either harness the full spectrum of opportunities or lay ourselves open to what is known as the “resource curse” where natural resources are exploited by unscrupulous or corrupt entities, with minimal national benefit. A recent example provides some insight in how we appear to be...