Incentivising mineral exploration is an absolute must to ensure mining growth
The flow-through shares scheme to incentivise mineral exploration will solve our problems. Those words were flashed on to the screen at the latest Junior and Emerging Mining Desk webinar of Minerals Council South Africa. Without doubt, exploration simply must be incentivised.
While it may take place here and there in cases where finding a rich orebody is almost certain, it simply won’t take place at the scale that is needed in South Africa to ensure that mining continues to contribute to the economy in the way it should. Flow-through has had major success in other mining jurisdictions because it provides the incentive needed for retail investment into exploration companies on stock markets.
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