The Department of Mineral and Petroleum Resources (DMPR) welcomes the
announcement by Rio Tinto to restart the Richards Bay Minerals' $473 million Zulti
South project, as confirmed by the company on Monday, 02 March 2026.
This significant capital commitment signals renewed investor confidence in South
Africa’s mineral resources sector and enhances collaboration between industry,
government, and host communities.
Richards Bay Minerals (RBM), which is 74%-owned by Rio Tinto, mines mineral-rich
sands in KwaZulu-Natal and produces zircon, rutile, ilmenite and titanium dioxide.
These minerals are essential inputs in the manufacturing of a wide range of products,
including paints, medical applications, sunscreen and smartphones – underscoring
South Africa’s role in global value chains.
Through partnerships of this nature, the mining sector can leverage private-sector
investment to unlock inclusive economic growth and sustainable development. In
keeping with our regulatory frameworks, the Zulti South project is expected to generate
employment opportunities, support skills development initiatives, and contribute to the
socio-economic advancement of mining-affected communities.
The Department reiterates the importance of sustained collaboration between mining
companies, government, traditional leadership structures, organised labour and
communities. Stability, social compacting, and responsible mining practices remain
fundamental to unlocking long-term value from South Africa’s mineral endowment
while ensuring that the benefits of mineral development are broadly shared.
Issued by the Department of Mineral and Petroleum Resources
Enquiries: Lerato Ntsoko Lerato.ntsoko@dmpr.gov.za / mediadesk@dmpr.gov.za /
0824592788