South Africa must spend R7 billion to cash in on minerals which global tech companies need

Minister of Minerals and Petroleum Resources Gwede Mantashe has revealed that an investment of R7 billion will be required to extract rare earth elements at the Zandkopsdrift Rare Earth Elements Project.Responding to Parliamentary questions from IFP MP Nompumelelo Mhlongo, Mantashe said the project aimed to extract neodymium and praseodymium and that it would create 3,500 jobs.