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South Africa Key Issues and Challenges

Mar 16 2017Several challenges have plagued the South African mining industry in particular over the past few years—a key driver of the country's economy Besides declining commodity prices labor union rivalry escalated labor issues resulting in one of the more prolonged and

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Working the mining minefield Black Economic Empowerment

Hogan Lovells Publications | 15 November 2017 Working the mining minefield Black Economic Empowerment policy in the South Africa mining industry Originally published on 15 June 2017 the third South African Mining Charter became the most contentious in South African history when it introduced onerous new regulations such as upping black shareholding from 26 percent to 30 percent

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SPG

Dec 12 2017He added that SPG's young effective and committed negotiation team had worked superbly and had brought a new dimension to South Africa's black empowerment landscape SPG is a group consisting of black-owned companies and in accordance with its 25% stake it participated as an equal partner with its counterparts

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Khanyisile Kweyama Mining Lekgotla WIM Speech Good

Empowerment and equality clearly thread through all levels of the business operating underground plants and machinery it will provide a valuable platform to plan and implement interventions for empowering and developing more women in this industry [PAUSE] While much of the under-representation of women in mining could – in the past

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sedibeng iron ore pty ltd

Apr 07 2013Mining Metals – Northern Cape Business Mining The Northern Cape's iron ore and manganese are boosting South Africa's export statistics the Kalagadi manganese project is led by Kalagadi Manganese Ltd in a joint venture with Sedibeng Mining a black empowerment company Northern Cape Business is published by Global Africa Network (Pty) Ltd

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Black Economic Empowerment (BEE)

Black Economic Empowerment (BEE) The Company operates in South Africa and in order to ensure compliance with South Africa legislation the Group is structured so that relevant ownership interests in Tharisa Minerals are held by its HDSA partners Thari Resources and the Tharisa Community Trust (HDSA being defined as any South African person who was disadvantaged by unfair discrimination

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Is South African Black Empowerment a Mining Myth?

Sep 08 2004Is South African Black Empowerment a Mining Myth? Black Economic Empowerment (BEE) was introduced to South Africa last year by the ANC government in order to enable historically disadvantaged black citizens to gain a stake in industries previously dominated by white-run companies The first - and prime - target for BEE was the mining industry

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CREATING VALUE FOR SOUTH AFRICA

• Anglo is training developing senior black management in it's South African operations • Anglo is committed to supporting and developing economic empowerment in South Africa and considers transformation as a strategic imperative of doing business in South Africa

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Women the major beneficiaries in 's significant R1 5

Sep 22 2005South African energy and chemical company today announced that Tshwarisano LFB Investment (Pty) Limited (Tshwarisano) its broad-based black economic empowerment (BEE) partner would acquire a 12 5% interest in Uhambo Oil Limited (Uhambo Oil) for an amount of R 1 45 billion The Uhambo Oil transaction is subject to Competition Tribunal approval

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Black economic empowerment

Black economic empowerment developing and retaining HDSAs in management and women in mining See Developing our people training and development and transformation BEE investment and management in the natural resources sector and believes this investment will advance its strategy of developing as an operating BEE company in the South

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Women in Artisanal and Small

The Women in Artisanal and Small-Scale Mining in Central and East Africa project is part of the Growth and Economic Opportunities for Women (GrOW) program which is jointly funded by the UK's Department for International Development (DfID) the William and Flora Hewlett Foundation and Canada's International Development Research Centre (IDRC)

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BROAD

broad based and meaningful participation of Black Persons in the mining and minerals industry In particular section 100 (2) (a) of the MPRDA provides for development of the broad-based black economic empowerment charter for the South African mining and minerals industry as an instrument to effect transformation with specific targets

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Proposed Socio

Mining companies undertake to make available to Black Economic Empowerment companies those deposits that for various reasons do not fit into their business plans Mining companies undertake to form joint ventures that include a wide spectrum of previously disadvantaged people such as women the disabled and host communities

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Rural Women Empowerment and Mining

Rural Women Empowerment and Mining The issues rural women face from extractive activities in Malawi Jack Zelium - Lake Malawi Flickr Creative Commons The villagers of Mwabulambo in northern Malawi first heard about the planned mining activities in their village when the trucks arrived When the villagers asked what was happening they were

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Simba Mgodi Mining Fund

The fund services youth and women owned businesses that are registered and operating or aspiring to operate in the mining industry The Simba Mgodi Fund defines a youth owned business as a business that is owned and managed by people aged 18-35 and has at least 70% black ownership Entities that are women owned and managed are

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Mining and minerals in South Africa

Aug 16 2012Black economic empowerment targets apply to all companies in the country meaning a certain percentage of local assets must be sold to black South Africans But with black ownership of the mining sector at 8 9% in 2009 – well below the target of 15% by 2007 – the government is putting significant pressure on mines to reach the next target

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Black economic empowerment in the South African mining

Black economic empowerment in the South African mining industry A case study of Exxaro Limited Limited a large black-owned mining conglomerate in South Africa Qualitative data were collected through in-depth interviews with a sample of 11 leaders involved directly in the deal The data were content-analysed and the findings

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Africa's contrasts – (Re)emerging trends of mining in Africa

The Draft Charter which if implemented will apply to both existing and new mining rights calls for an increase in local ownership to a 30% shareholding by Broad-Based Black Economic Empowerment qualifying persons as well as a hike in the social contribution and tax obligations of mining companies

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MINERAL RESOURCES

The racial ownership pattern of the country's mining assets had remained largely unchanged with only 8 9% black ownership attained by 2009 against the target of 15% The reviewed Mining Charter launched in September 2010 seeks to correct this putting emphasis on 26% of South Africa's mining assets being Black Economic Empowerment-

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Culture Matters The Soul of CSR in Emerging Economies

Business for Social Responsibility | Culture Matters The Soul of CSR in Emerging Economies 5 Consider the following hypothetical examples A Chinese vehicle manufacturer seeks a long-term partnership with a South African mining company whose CEO is a leading new generation of black entrepreneur enabled by South

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Promotion of Access to information Act 2000 Description

012/2010 Operating and Developing Black Empowerment Mining Companies in the Republic of South Africa (2010) - These publications are all available electronically and in Hard Copy through subscription or once off request to Head Office They are also available on the DMR website - These publications are all available electronically and in

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Women's Empowerment through Women Empowered

WE is a women's empowerment program through which women are trained to form self-organized and self-managed savings groups each consisting of 15-25 members to develop their individual empowerment and increase their access to financial resources which is

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GUIDE – BROAD

ZAR 1 1 billion empowerment and restructuring deal which resulted in shares being issued to an employee share trust established for the benefit of all PPC's South African employees strategic business partners and to a broad-based trust for the benefit of various black women in the regions and areas where PPC operates in South Africa

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List of companies of South Africa

South Africa is the southernmost country in Africa It is the 25th-largest country in the world by land area and with close to 56 million people is the world's 24th-most populous nation The World Bank classifies South Africa as an upper-middle-income economy and a newly industrialised country Its economy is the second-largest in Africa and the 34th-largest in the world

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SUSTAINABILITY OF FUNDING MODELS USED IN BLACK

SUSTAINABILITY OF FUNDING MODELS USED IN BLACK ECONOMIC EMPOWERMENT TRANSACTIONS IN THE SOUTH AFRICAN MINING SECTOR NAME Albert Nhasengo STUDENT NO 0303406g RESEARCH SUPERVISOR Dr Jeannette McGill A research report submitted to the Faculty of Engineering and the Built Environment University of the Witwatersrand Johannesburg in partial

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Mining industry of South Africa

Mining in South Africa was once the main driving force behind the history and development of Africa's most advanced and richest economy Large-scale and profitable mining started with the discovery of a diamond on the banks of the Orange River in 1867 by Erasmus Jacobs and the subsequent discovery and exploitation of the Kimberley pipes a few years later

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Workshop on Black Economic Empowerment(BEE)in the Energy

Black Economic Empowerment in the Energy and Mining Sectors (African Rainbow Minerals) Access to Mining Rights Markets and Financing for BEE in Mining (Kuyasa Mining) [E-mail infopmg za for Documents] SUMMARY The Committee conducted a workshop on Black Economic Empowerment (BEE) in the energy and mining sectors to open discussion on issue

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Committed to generating sustainable value

are provided by Broad Based Black Economic Empowerment companies Bisichi Mining PLC 7 STRATEGIC REPORT MINING REVIEW 8 Bisichi Mining PLC STRATEGIC REPORT Sustainable development The group is fully committed to ensuring the sustainability of both our UK and South African mining operations and delivering long term value to all our stakeholders

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Zululand Anthracite Colliery

The Zululand Anthracite Colliery in South Africa is an underground anthracite mine operated by the Australian coal company Riversdale Mining Riversdale owns a 74% share in the project with the remainder held by its Black Economic Empowerment partner (BEE) the Maweni Mining Consortium In 2010 the mine produced approximately 645 000 tonnes a coal and employed 951 people

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Compendium

This Sourcebook reviews the developing country experience of mining sector foundations trusts and funds to date identifies aspects of leading practice in this black economic empowerment transaction between Impala Platinum and the Royal Bafokeng Nation the IBT was established Mining Foundations Trusts and Funds

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