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Sponsored byThe Government of Mozambique, the World Bank, and the
Governments of Australia and Norway
March 25 – 26, 2009
Bridgette RadebeEXECUTIVE CHAIRPERSON: MMAKAU MINING
PRESIDENT: SOUTH AFRICAN MINING DEVELOPMENT ASSOCIATION
(VICE CHAIRPERSON OF MINERALS, MINING AND DEVELOPMENT BOARD)
1
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
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
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
Focus on Sustainable Rural Economic Development:
SLP – Social Labour Plan
LED – Local Economic Development
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
9
Exploited Mining Environment Exploited Mining Environment Sustainable Mining EnvironmentSustainable Mining Environment
Massacres and Ethnic Cleansing
Rape as a Weapon of war
Conflict Diamonds the Root of all Evil
10
Marula Platinum is an example of a useful multi-community equity investment model:
Dividends fund the sustainable futures of these rural communities
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
65 000
suppliers
(4500 Narrow Based
HDSA suppliers)
(12000 BBEE
suppliers )
2
Source: Decti - 2008
1
13
RBN Partners, Anglo Plats, Implats, Xstrata Coal ect.
RBN
ManagementServices
RBH contracting entity eg.
Leases, employment
contracts
83.11m Shares (13.4%)
In Impala PlatinumHoldings Ltd
720.16m shares (32.1%)
In Merafe Resources Ltd
50% ofBakokeng Rasimone
Platinum Mine JV
Platinum and graniteLicences/rights
Industrial
27.03m shares (20%)In Astrapak Ltd
51% ofBafokeng Conor
Technicrete
18.95m shares (12.5%)
In Metair Investments Ltd
Services
31.93m shares (17.6%)
In Senwes Ltd
26% interestIn Metuba JV
27% ofPasco Risk Holdings
(Pty) Ltd
Royal Bafokeng Sports
Operating Company
100% ofFraser Alexander Holdings (Pty) Ltd
Royal Bafokeng Capital
51% of HardrockEngineering
17.6% of
DHL Express SA
55% ofMB Technologies
(Pty) Ltd
25.01% ofM-Tech (Pty) Ltd
30% ofZaptronix Limited
Financial
1.22m shares (10%)In Zurich
Insurance Company South Africa
Royal Bafokeng Holding (PTY) LTD
65% ofSouth African
Coal Mining Ltd
Resources
30% stake inPraxima Africa
Payroll Systems
Source RBN financial report: April 2008
100%
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.
1414
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
1515
This land, the whole landWill be healed, must be healed
These brazen cities, the swollen minesThe mineral of our sweatThe teeming ghetto, the dormitory cellsIn towns and squalid squatter camps Where hope smothers in a tyreThese furnaces of human indifference must incinerate With all the heat of a healing fire
Those were the dark ages of miningAnd now the winds of change are blowing A brighter new future our way-A future of Global Mining TransformationA future of the paradigm shift
This land, the whole landWill be healed, must be healed
- Don Matera