MAC/20: Mines and Communities

Mineral Commodities Ltd (MRC, ASX) is a Perth, Australia, registered company with a copper mine in Q

Published by MAC on 2003-07-04


Mineral Commodities Ltd (MRC, ASX) is a Perth, Australia, registered company with a copper mine in Queensland and two other mineral sands prospects: Tormin (not to be confused with Tiomin in Kenya), located 400 km north of Cape Town, and another at Walvis Bay, Namibia.

The company acquired the Xolobeni licence in Pondoland in 2001. During the following year, opposition was reported to be mounting - not least from the European Union and local people - although the tribal authority had signed a "probing" deal with MRC.

Opposition to mineral sands mining in South Africa stretches back over ten years to the huge campaign - joined by local people, trade unions and environmentalists - mounted against Rio Tinto's proposals to strip the pristine wetlands of St Lucia bay in Natal. The company's proposals were resoundingly rejected by the ANC government soon after it came to power.

Meanwhile, a recent survey of of global titanium feedstock competitiveness (published by TZ International Minerals Pty, Australia) , because of currency exchange movements, South Africa is now a brighter prospect than Australia.

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