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South32-Alcoa deal exposes beneficiation myth
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South32-Alcoa deal exposes beneficiation myth
THERE are few words in South African economic policy more seductive than “beneficiation”. It has everything: moral uplift, industrial ambition, a pleasingly muscular rhythm and the promise that somewhere, just beyond the next cabinet lekgotla, a lump of ore will be persuaded to become a dishwasher, a turbine blade or perhaps a small electric car by force of patriotic will. It is the sort of word that makes policy documents stand up straighter. I…
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