Publicly Traded South African Mining Co. Invests In Fire-Resistant Hemp Buildings – New Industry Or PR Stunt?
Afrimat (OTC:AFTLF) is known for its operations in lime, iron ore, anthracite and manganese, has made a move into the hemp industry by partnering with legacy brand Hemporium.
Together, they are using hemp-based materials to expand a building in Cape Town. This venture raises questions: is Afrimat betting on the future of South Africa’s hemp industry, or is it a PR stunt?
The investment comes at a time when South Africa is pushing to grow the sector, having recently issued 1,110 permits for hemp cultivation as part of the government’s master plan under the Cannabis for Private Purposes Bill.
Afrimat’s involvement could provide the industry with much-needed capital to scale.
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Afrimat’s Green Transition
Afrimat’s collaboration with Hemporium signals the company’s interest in sustainability.
Beyond its mining operations, the publicly-traded Afrimat has been working on renewable energy initiatives, recycling mining by-products and rehabilitating mined-out areas through reforestation and water conservation projects, reported Hemp Today.
Mining operations for materials like lime, iron ore, anthracite and manganese have significant environmental impacts. …