DMRE, IDC establish Junior Mining Exploration Fund

The Department of Mineral Resources and Energy (DMRE) and the Industrial Development Corporation of South Africa (IDC) have signed a memorandum of agreement officially establishing the Junior Mining Exploration Fund. The establishment of this fund forms part of South Africa’s mineral exploration strategy. The fund’s main objective is to enable eligible South African junior mining enterprises to access funding to conduct prospecting work, increase access to mine orebodies and promote economic inclusion to support equitable economic growth.