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South Africa to map geological gaps

South Africa is seeking investment to help generate basic geological information about the country to stimulate mining activity, Leonard Matsepe, CFO of the Council of Geoscience (CGS), told Mining Journal at the 5th Current Trends in Mining Finance conference organised by the New York section of the Society for Mining, Metallurgy and Exploration.

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South Africa's geology

The CGS has planned a 10-year programme to invest 20 billion rand (US$1.5 billion) to generate information including mapping to 1:150,000 scale, geophysics and geochemical sampling over the country.