Loading...
See More

Mining threatens holiday town

Jul 29 2012 15:07 Sapa

Related Articles

KZN approves controversial dune mine

Exxaro ups profit on higher prices

Iron-ore fever intensifies

Exxaro launches $349m bid for African Iron

SA ups coal exports from Richards Bay

Exxaro to list joint venture on NYSE

 
Johannesburg - The tourism industry in a coastal town in KwaZulu-Natal is under threat after a mining licence was awarded to an international company, the Sunday Times reported.

About 2 800ha of forestry and farming land outside Mtunzini would be affected by the mine, according to the newspaper.

Local company Exxaro had entered into a joint venture with Australian company New Tronox to develop the Fairbreeze mine, worth R2.4bn.

Fairbreeze intended to mine 625ha of dunes for heavy metals such as titanium and zircon.

Mtunzini residents intended appealing against the provincial department of environmental affairs' decision to grant a mining licence, The Sunday Times reported.

Barbara Chedzey, who chairs a committee representing the residents, reportedly said she was not surprised by the decision, "given the political pressure for jobs".

The town depends on eco-tourism for much of its revenue.

New Tronox spokesperson Trevor Arran was quoted as saying: "All legal and regulatory processes were followed in authorising the Fairbreeze mine."

* Follow Fin24 on Facebook, Twitter and Google+.


exxaro  |  kwazulu-natal  |  mining  |  tourism
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 
 

3 sports games you have to watch this weekend

Whether it’s date night or a braai with buddies, plan around these three exciting sporting games!

 
 

Men24.com

Everyday struggles of naturally skinny guys
And this year's Miss Bumbum title goes to...
How to maintain your mo, bro
Hottie of the day: Colette

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...