South Africa’s Mineral and Oil Resources Preacher Gwede Mantashe informed participants at this year’s Africa Down Under meeting, in Perth, Australia, on September 4, that the nation’s Division of Mineral Resources and Power (DMRE) had actually obtained 115 applications for financing from the division’s R400-million expedition fund. The fund, targeting junior and arising miners, was developed by the DMRE – which remains in the procedure of being divided right into the Division of Mineral and Oil Resources and the Division of Electrical Energy and Power – and advancement money establishment the Industrial Advancement Firm, in February.
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