PROVISIONS in the Mineral Resources and Petroleum Development Act are being used in a way which impedes foreign investment, the DA says.
The Mineral Resources department had sought to prevent Lonmin, an international platinum and associated metals mining company, from selling by-products of its platinum production, such as nickel, copper and chrome, on the tenuous basis that Lonmin had not converted its mineral rights in terms of the act, DA spokesperson Hendrik Schmidt said.
"We must immediately ask why the ANC government would take the dramatic step of interfering in the interests of an international company, the repercussions of which have already threatened other international investors," Schmidt said.
Lonmin received a letter from the department's North West provincial manager Aaron Khavile which in effect halted their operations in associated metals they had invested in as part of their core business.
Disturbingly, according to recent media reports, the company set to directly benefit from Lonmin halting sales of these metals was Keysha Investments 220 - a company allegedly led by two women with strong links to the Intelligence Services Council, a division of the state security department.
The DA would call for a debate in Parliament on the matter, Schmidt said.
'Law curbs foreign investment'
PROVISIONS in the Mineral Resources and Petroleum Development Act are being used in a way which impedes foreign investment, the DA says.
The Mineral Resources department had sought to prevent Lonmin, an international platinum and associated metals mining company, from selling by-products of its platinum production, such as nickel, copper and chrome, on the tenuous basis that Lonmin had not converted its mineral rights in terms of the act, DA spokesperson Hendrik Schmidt said.
"We must immediately ask why the ANC government would take the dramatic step of interfering in the interests of an international company, the repercussions of which have already threatened other international investors," Schmidt said.
Lonmin received a letter from the department's North West provincial manager Aaron Khavile which in effect halted their operations in associated metals they had invested in as part of their core business.
Disturbingly, according to recent media reports, the company set to directly benefit from Lonmin halting sales of these metals was Keysha Investments 220 - a company allegedly led by two women with strong links to the Intelligence Services Council, a division of the state security department.
The DA would call for a debate in Parliament on the matter, Schmidt said.
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