"In this respect, the African Exploration, Mining and Financing Corporation (AEMFC) was resuscitated as the nucleus for the establishment of the state owned mining company (SOMC0), currently a wholly-owned subsidiary of the Central Energy Fund.
The company has already exceeded production volumes at its pioneering mine at Vlakfontein in Mpumalanga, and two further coal mines are expected to be in production by 2017. This year, we will submit the SOMCO Bill to Parliament for processing, with the aim of establishing the entity as stand-alone company."
- Ngoako Ramatlhodi
- Minister DMR Speech 16 July 2014 (pdf - 3.94 MB)