ISSUED BY NELSON RAMODIKE, MP
UDM SPOKESPERSON FOR MINERALS AND ENERGY
South African government must take heed of the fact that Oryx Natural Resources
was forced to put its listing on the London Stock Exchange on hold. This
apparently because the British government asked questions about the risks
associated with Oryx, the value of assets and some of Oryx's shareholders.
Apparently, the British government felt that Oryx's assets in the war-torn
Democratic Republic of Congo, as well as alleged involvement of the Zimbabwean
government, placed a huge question mark behind this company's proposed listing.
Human rights groups have also condemned Oryx's agreement with the Zimbabwean
government to exploit a diamond concession worth an estimated $1-billion, as
In the global context, South Africa must be reminded that the international
community would see any political sympathy and ties that South Africa might have
with both the Congo and Zimbabwe in the same light that they see Oryx
South Africa is blessed with the occurrence of many minerals, often in large
quantities and of strategic importance to it and to other nations. The UDM
believes that our Country's huge mineral potential can provide a significant
contribution to primary wealth creation.
South Africa cannot afford that the international community isolate South Africa
because of the blunders of both Kabila and Mugabe.
Nelson Ramodike, MP
UDM Spokesperson for Minerals and Energy
13 June 2000