DR1 Daily News - Dominican Republic

South African Minister of Mines, Gwede Mantashe and Minister of Industry & Commerce, Victor (Ito) Bisonó / MICM

South Africa is looking for investors as it works out its problems in dealing with the high cost of extraction to exploit its Steenkampskraal mine known for deposits of rare earth elements and described as located “in the middle of nowhere.”

Meanwhile, Minister of Industry & Commerce Victor (Ito) Bisono met with South African Minister of Mines Gwede Mantashe to learn about the South African experience and find ways to collaborate.

The Dominican government has created a trust for the exploitation of rare earth elements in Pedernales on the southwestern border with Haiti. The exploitation of the rare earth elements is controversial because at the same time Pedernales is being developed as a major tourism...