Question NW961 to the Minister of Mineral Resources and Energy
07 May 2021 - NW961
Lorimer, Mr JR to ask the Minister of Mineral Resources and Energy
Whether his department is taking any steps to reverse the decline of the Republic’s share of the global exploration investment, which is currently standing at 1% and decreasing; if not, why not; if so, what are the relevant details? NW1128E
Reply:
The Department is currently developing an Exploration Implementation Plan to enhance exploration attractiveness and will position the country to at least 3% share of the global exploration expenditure in the next 3 to 5 years.