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Transformation: It just feels right

South Africa’s BEE policy has helped to unearth new talent from diverse backgrounds, giving PDI's a chance to thrive.
Sibanye-Stillwater

Insights and next steps – Mining Charter III

The South African Minister of Mineral Resources, Gwede Mantashe, has published the revised Broad-Based Black Economic Empowerment Charter for the South African Mining and Minerals Industry (Mining Charter III) for public comment.

Mining Charter: Chamber of Mines SA seeks clarity on previous BEE deals

The Chamber of Mines SA has approached the High Court for a declaratory order to provide guidance on the principles applicable to the assessment of the Mining Charter's ownership element, particularly regarding previous BEE deals. Subsequent...
Wescoal

Wescoal reassures market of move towards 51% BEE compliancy

  Executives of Wescoal  are engaging with shareholders to reassure the market that the process of moving towards a majority black empowerment shareholding has had no detrimental effect on day-to-day business. Acting CEO of the coal...

How to overcome the Mining Charter impasse – DMR

South Africa – A consensus could not be reached on what constitutes the 26% black economic empowerment (BEE) compliance at the Department of Mineral Resources’ (DMR) Mining Industry Growth Development and Employment Task Team ...

Northam Platinum offers BEE shares

South Africa – Northam Platinum is proceeding with the implementation of a share offer in line with its R6.6 billion fully funded broad based black economic empowerment (BEE) transaction approved by its shareholders in...

Mining Charter: Once empowered, always empowered – or not?

By Laura Cornish. South Africa - The Department of Mineral Resources’ (DMR) minister Ngoako Ramatlhodi today announced the results on the industry’s compliance with the Mining Charter since it was first implemented in 2004. While his...

Chamber of Mines seeks solution on Charter BEE compliance

South Africa - The Chamber of Mines of South Africa has welcomed the interim statement on the state of progress in transformation in the mining sector but disagrees on the BEE compliance ruling. The statement...

Northam Platinum BEE deal approved

South Africa – The Northam Platinum BEE deal, worth R6.6-billion, was approved by an overwhelming number of shareholders on Thursday . The Northam Platinum BEE deal, in addition to a previously concluded equity raising of R4.6-billion, will increase the ownership...

ENCR sells 13% stake in Northam Platinum

South Africa - Kazakhstan and Central African-focused miner Eurasian Natural Resources Corporation (ENRC) has sold 51 732 782 ordinary shares, constituting about  13.01% of issued share capital in platinum miner Northam Platinum, the company...

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