Japanese firm scouts for mining joint ventures

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The Japan, Oil, Gas and Metals Corporation (JOGMEC) is scouring the country for joint ventures in mineral exploration, hoping to use its satellite survey technology to gain a foothold in the local mining scene.

Since setting up shop in Lobatse two years ago, JOGMEC has sealed a P18 million joint venture arrangement with Discovery Metals Limited for the exploration of platinum and nickel in north-eastern Botswana.

The Japanese parastatal has also sealed similar deals with Australian and Canadian companies exploring for platinum in South Africa.

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