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South African President Jacob Zuma has launched a stateowned mining company, called the African Exploration Mining and Finance Corporation (AEMFC). However the move is likely to cause concern amongst international investors, who may view it as a step towards the nationalisation of South Africa''s mining industry.

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African Exploration Mining and Finance Corporation is the State Owned Mining Company established to secure South Africa''s energy supply primarily through the mining and supply of coal for the generation of electricity, as well as securing other resources that will provide energy for the future, including key minerals for beneficiation .

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Pretoria The stateowned African Exploration Mining and Finance Company (AEMFC) is officially in business as its first mining project got underway in Mpumalanga on Saturday. Speaking at the sodturning ceremony of its first mining project in Ogies, President Jacob Zuma was optimistic about the prospects of the company.

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The launch of stateowned mining company is renewing questions about whether South Africa has longterm plans to nationalise the lucrative industry. President Jacob Zuma officially launches the company this weekend at a coal mine in eastern South Africa.

African Exploration Mining and Finance Corporation (SOC) Ltd ("AEMFC") is the State Owned Mining Company established to secure South Africa''s energy supply ...

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African Exploration Mining and Finance Corporation (SOC) Ltd ("AEMFC") is the State Owned Mining Company established to secure South Africa''s energy supply primarily through the mining and supply of coal for the generation of electricity, as well as securing other resources that will provide energy for the future, including key minerals for ...

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