The African Exploration Mining and Finance Corporation (AEMFC) is a state-controlled mining business in South Africa. The AEMFC was launched by

Jacob Zuma Jacob Gedleyihlekisa Zuma (; born 12 April 1942) is a South African politician who served as the fourth president of South Africa from 2009 to 2018. He is also referred to by his initials JZ and clan name Msholozi, and was a former anti-aparth ...

, the former president of South Africa, prompting concerns that the state might attempt to nationalise parts of the mining industry. First established in 1944, it lay dormant for years, before beginning activities in 2007. It has been granted mining and prospecting rights, in competition with other mining companies. AEMFC is, officially, subsidiary to the Central Energy Fund. In February 2011, the AEMFC launched a coal mining project in

Mpumalanga Mpumalanga () is a province of South Africa. The name means "East", or literally "The Place Where the Sun Rises" in the Swazi, Xhosa, Ndebele and Zulu languages. Mpumalanga lies in eastern South Africa, bordering Eswatini and Mozambique. It ...

, which is expected to produce 1.68 million tons of coal per year. , AEMFC was still loss-making, but gets interest-free loans from the Central Energy Fund (R209M as of 2016). Performance of its coal, limestone, and uranium mines has been disappointing. It moved into profit, by March 2013 stating a profit of R77M per year, and an equity of R490K, despite a loss of 54 409 tonnes of uninsured coal which was burned.http://www.aemfc.co.za/images/reports/2013-AEMFC-Annual-Report.pdf

References

{{EngvarB, date=March 2018 Mining companies of South Africa Non-renewable resource companies established in 1944 Coal companies of South Africa Government-owned companies of South Africa 1943 establishments in South Africa History of mining in South Africa