South Africa expects to start granting shale licences later this year - CNBC Africa

South Africa expects to start granting shale licences later this year

Mining

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South Africa expects to start granting shale licences later this year. PHOTOS: inhabitat

South Africa's mining minister said on Monday he expected to start issuing shale exploration licences later this year.

(READ MORE: S.Africa mining assets up for sale should go to local companies: Minister)

"At the moment we are going through the consultation process (with stakeholders such as communities)," Ngoako Ramatlhodi told Reuters on the sidelines of the Chatham House extractive Industries in Africa conference.

"We should finish the consultations by the middle of this year and that will enable us to issue licences."

Earlier in the day, Royal Dutch Shell had said it would pull back from shale projects in South Africa citing licence delays.

(READ MORE: Mining strikes taint S.Africa’s investor confidence)

Shell said it was pulling back due to lower energy prices and delays in obtaining an exploration licence for the onshore Karoo Basin.

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