DMPR welcomes Rio Tinto’s investment in Zulti South project
The Department of Mineral and Petroleum Resources (DMPR) has welcomed the announcement by mining giant Rio Tinto that its subsidiary Richards Bay Minerals (RBM) will proceed with an R8.5-billion investment in the Zulti South project, in KwaZulu-Natal.
In a media release, the department says this significant capital commitment signals renewed investor confidence in South Africa’s mineral resources sector and enhances collaboration between industry, government and host communities.
RBM, which is 74%-owned by Rio Tinto, mines mineral-rich sands in KwaZulu-Natal and produces zircon, rutile, ilmenite and titanium dioxide.
The DMPR describes these minerals as essential inputs in the manufacturing of a range of products, including paints, medical applications, sunscreen and smartphones – underscoring South Africa’s role in global value chains.
Through partnerships of this nature, the department says, the mining sector can leverage private-sector investment to unlock inclusive economic growth and sustainable development.
Additionally, in keeping with its regulatory frameworks, the DMPR notes that the Zulti South project is expected to generate employment opportunities, support skills development initiatives and contribute to the socioeconomic advancement of mining-affected communities.
“The department reiterates the importance of sustained collaboration between mining companies, government, traditional leadership structures, organised labour and communities.
“Stability, social compacting and responsible mining practices remain fundamental to unlocking long-term value from South Africa’s mineral endowment while ensuring that the benefits of mineral development are broadly shared,” it says.
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