The Hindu reported that according to South African Consulate officials, about 25 leading Indian companies in the steel and power sector are seeking mining rights for iron ore and coal in South Africa.

Ms Allison Christian deputy director Business Facilitation Trade and Investments said the companies had approached the consulate to assist them in securing local mining opportunities.

Declining to disclose names before deals were inked, she said they are top corporate houses in the power and steel segment.

100% foreign direct investment is allowed in almost all sectors in South Africa, except in mining where it is mandatory to have a local partner who will be the licence holder.

(Sourced from Hindu)