HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Mick Davis-South Africa

Babjak1 to further your post....There might be a much safer and easier place for Mick to plop down his capital?  Especially since high speed will beat him there.

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https://www.biznews.com/undictated/2017/10/04/chamber-of-mines-zwane/

Roger Baxter: Why SA mining execs boycotted Zwane’s Jhb Indaba banquet

LONDON — The 28 council members at South Africa’s Chamber of Mines made a very public statement against mining minister Mosebenzi Zwane – all of them boycotted the Joburg Indaba banquet where he was guest of honour. In this forthright interview, Chamber CEO Roger Baxter explains why the miners refused to attend, reasoning this would be a sign of respect to a flawed Zuma ally deeply implicated in the corruption scandal wracking the country. Despite their obvious vulnerability to officialdom (immovable assets; mining licences etc) the miners have led the business sector’s fight against state capture. And having upped the ante, they seem determined to increase the pressure. – Alec Hogg

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Just to close off with. I spoke last week with Mick Davis, the founder of Xstrata and X2, and a very well-known person to you. He said that he told the mining minister last year and he would repeat it in public. That he will not advise anybody, anywhere to put money into the SA mining sector today. In fact, he didn’t just say mining but the whole country. He says, ‘there are major issues that need to be worked out, from corruption to productivity, to uncertainty around legislation and to a decline in the capital stock in the country.’ Would you agree with his view or are you still going out, when you’re in the international environment, encouraging or trying to encourage people to invest in the country?

Alec, I think our conversation with the investment community for example, the RMB Morgan Stanley big 5 Investment Conference in CT last week, we met. Myself and the Chamber’s president met with 37 different investors, institutional investors in the industry – the conversation is slightly different. It’s not about whether people are going to put new capital in the industry. It’s whether people are going to take their capital out of the existing industry so, I think there’s been huge support from the investment community in relation to our court challenges on all these things related to the mining charter, the moratorium and all that sort of stuff. There’s huge support coming through saying, ‘the industry absolutely has to draw a line in the sand and focus on ethical leadership and good governance,’ which is what we’re doing. I think there’s been a lot of progress on that. But when it comes back to your original question around, ‘do we want investment into the country?’ I’m not going to go out and say to an investor, ‘don’t come and invest in SA.’ But I’m going to say that there are some significant challenges that we need to get resolved in the short and medium term, which are resolvable if you’ve got the right ethical leadership, and good governance in place. And if partnership can be realised between the different stakeholders to get an outcome, which is workable for all of us. I think that is possible but again, it comes back to ethical leadership and good governance.

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