Consent under Section 11 of the South African Mineral and Petroleum Resources Development Act 2002 was the final approval required for this transaction to proceed.

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In December, the government, which is currently amending its Mineral and Petroleum Resources Development Act, moved to ease investors' concerns by ruling out nationalization as a policy option.

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The purpose is to establish First Nations receive benefits from the development of mineral resources.

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Similarly, Africa should see the United States as a role model and shift its policy attention toward industrial development, starting with adding value to agricultural and mineral resources through aggressive industrial policy.

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