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Sponsored by The Government of Mozambique, the World Bank, and the Governments of Australia and Norway March 25 – 26, 2009 Bridgette Radebe EXECUTIVE CHAIRPERSON:

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Presentation on theme: "Sponsored by The Government of Mozambique, the World Bank, and the Governments of Australia and Norway March 25 – 26, 2009 Bridgette Radebe EXECUTIVE CHAIRPERSON:"— Presentation transcript:

1 Sponsored by The Government of Mozambique, the World Bank, and the Governments of Australia and Norway March 25 – 26, 2009 Bridgette Radebe EXECUTIVE CHAIRPERSON: MMAKAU MINING PRESIDENT: SOUTH AFRICAN MINING DEVELOPMENT ASSOCIATION (VICE CHAIRPERSON OF MINERALS, MINING AND DEVELOPMENT BOARD) 1

2 2 Creation of a Developmental State:  Need for legislative change recognized:  Minerals and Petroleum Resources Development Act at No. 28 of 2002  State becomes the Custodian of mineral rights  Mining Charter  Monopolistic culture of the mining industry addressed  Rural communities, Foreign investors and all Stakeholders have access  Fair Labour Laws South African Parliament

3 3  Ownership 26% equity participation  Human Resource Development 40% black managers within 5 years 10% women participation within 5 years Employment Equity 100% literacy within 5 years  Procurements BEE procurement  Beneficiation  Social and Labour Plan Migrant Labour Mining Community and Rural Development Scorecard for the Broad Based Socio Economic Empowerment Charter, for South African Mining Industry 2004:

4 4  Need for social license to operate: Granting of mining licenses – Broad-Based Socio-Economic Charter (Mining Charter) and Broad-Based Black Economic Empowerment Scorecard (BBBEE)  SA Government engages in a Social Contract with Mining Investors: Spatial management, Land Use Management Schemes Land acquisition and housing Public infrastructure and services Institutional, technical, administrative & political capacity  Transformation Obligations: Social & Labour Plan (SLP’s - an advanced form of Corporate Social Responsibility)  Public Private Partnership Projects Promotes Sustainability in the rural areas

5 5 Focus on Sustainable Rural Economic Development: SLP – Social Labour Plan LED – Local Economic Development

6 6 PMU - Project Management Units

7 7 Akanani Mining (Pty) Limited Anglo Operations Limited Anglo Platinum ARM Platinum (Pty) Limited ASA Metals (Pyt) Limited Assmang Limited (Dwarsrivier Mine) Barplats Mines Limited (Rhodium Reefs) Boynton Investments (Pty) Limited Chromex Mining (Pty) Limited Corridor Mining Resource (Pty) Limited Eastern Platinum Limited Impala Platinum Limited Lebowa Platinum Marula Platinum Modikwa Platinum Mine Joint Venture MTC Minerals Northam Platinum Limited Pan Palladium South Africa (Pty) Limited Plateau Resources (Pty) Limited Platreef Resource (Pty) Limited Rustenburg Platinum Mines (Pty) Limited (Eastern Limb Development) Samancor Chrome Limited Sishen Iron Ore Company (Pty) Limited Two Rivers Platinum (Pty) Limited Umnotho weSizwe Investment Holdings Limited Veremo Holdings Limited Westen Platinum Limited (On behalf of Messina Platinum Mines Limited) Xstrata South Africa (Pty) Limited

8 8

9 9 Exploited Mining EnvironmentSustainable Mining Environment Massacres and Ethnic Cleansing Rape as a Weapon of war Conflict Diamonds the Root of all Evil

10 10  Marula Platinum is an example of a useful multi-community equity investment model:  Dividends fund the sustainable futures of these rural communities

11 11

12 12  Develop BEE mining support industries Approximately R9.5 billion to HDSA 600 Buyers 4 Total annual procurement budget – estimated at R85 billion 3 64 mining & supply operations across 6 provinces governments suppliers (4500 Narrow Based HDSA suppliers) (12000 BBEE suppliers ) 2 Source: Decti

13 13 RBN Partners, Anglo Plats, Implats, Xstrata Coal ect. RBN Management Services RBH contracting entity eg. Leases, employment contracts 83.11m Shares (13.4%) In Impala Platinum Holdings Ltd m shares (32.1%) In Merafe Resources Ltd 50% of Bakokeng Rasimone Platinum Mine JV Platinum and granite Licences/rights Industrial 27.03m shares (20%) In Astrapak Ltd 51% of Bafokeng Conor Technicrete 18.95m shares (12.5%) In Metair Investments Ltd Services 31.93m shares (17.6%) In Senwes Ltd 26% interest In Metuba JV 27% of Pasco Risk Holdings (Pty) Ltd Royal Bafokeng Sports Operating Company 100% of Fraser Alexander Holdings (Pty) Ltd Royal Bafokeng Capital 51% of Hardrock Engineering 17.6% of DHL Express SA 55% of MB Technologies (Pty) Ltd 25.01% of M-Tech (Pty) Ltd 30% of Zaptronix Limited Financial 1.22m shares (10%) In Zurich Insurance Company South Africa Royal Bafokeng Holding (PTY) LTD 65% of South African Coal Mining Ltd Resources 30% stake in Praxima Africa Payroll Systems Source RBN financial report: April %  Most mines situated in rural areas  Mining is a catalysts for rural development  Royal Bafokeng Partners, a excellent role model:  Market cap: 33.5 billion  Dividends invested in rural renewal projects  In past 10yrs over R2 billion invested in clinics, education, public utilities  Great mentorship to other rural communities.

14 14  A Developmental State created by Effective Minerals Legislation  Integrated Resources Management Developed by producers forums and Local, Regional and National Government.  Mining Investors, Communities and Government Partners in the creation of a Sustainable Mining Economy  Social and Labour Plan is an Advance Model of Corporate Social investment  Compassionate Capitalism to be practiced in all Developing Countries     

15 15 This land, the whole land Will be healed, must be healed These brazen cities, the swollen mines The mineral of our sweat The teeming ghetto, the dormitory cells In towns and squalid squatter camps Where hope smothers in a tyre These furnaces of human indifference must incinerate With all the heat of a healing fire Those were the dark ages of mining And now the winds of change are blowing A brighter new future our way- A future of Global Mining Transformation A future of the paradigm shift This land, the whole land Will be healed, must be healed - Don Matera


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