Billionaire-Backed Kropz’s National Park Mine Plan Blocked
This article is for subscribers only.
South African National Parks has blocked a bid by a company controlled by billionaire Patrice Motsepe to tap South Africa’s second-biggest phosphate deposit in one of the nation’s most important wetlands.
Kropz Plc, which is 90% held by Motsepe’s African Rainbow Capital Investments Ltd., applied last month to extract the raw material used in making fertilizer from a section of the West Coast National Park.