South32 has awarded a three-year core mining contract worth R158 million to Broad Based Black Economic Empowerment company Modi Mining.The South32 contract will see Modi Mining engaged at the Wolvekrans Middleburg Complex.
Modi Mining will work closely with the Wolvekrans mining and planning teams to plan and deliver various sub-processes, including top soiling and stripping overburden.
[quote]For South32, transformation is central to its efforts to make a meaningful contribution to the social and economic development of South Africa.
South32 president and COO for Africa, Mike Fraser, says the awarding of the contract is particularly significant as it is the first core mining contract awarded to a 100% black-owned company.
“It marks a significant step forward in our plans to deliver a more inclusive supplier landscape,” states Fraser.
“We welcome Modi Mining as a strategic mining partner of South32. We are impressed with their focus on safety, their commitment to continuous improvement, and their support for the local communities in which they operate,” he adds.
“We look forward to working together to successfully deliver our projects at Wolvekrans.”
Modi Mining has also committed to creating downstream opportunities for local labour and subcontracting,
aiming to source 80 to 90% of their labour from the nearby local communities.