Copy
Sent to <<First Name>> <<Last Name>> Not displaying properly? View this newsletter online
Mining Equipment Buyer


The wait is over. The new Mining Charter has finally been revealed and was met with a huge sigh of relief from the South African mining industry as a whole. Of considerable importance is that it appears the trickle dividend of a minimum one percent of EBITDA to community and employee shareholders has been scrapped. Although black ownership requirements have remained at 30 percent, mining rights holders who secured mining rights prior to the new charter being gazetted will not have to immediately comply with the new ownership percentages, but would have to do so when they apply for a renewal of these rights. Applicants with pending mining right applications will also be afforded a transition period within which to achieve 30 percent black ownership. In this edition Cliffe Dekker Hofmeyr looks at how compromise has shaped the new Mining Charter. We also look at how both Excel Foundry and KSB Pumps and Valves have partnered with black owned businesses to contribute to transformation in the mining industry. Also read the Khomo’s inspirational story of mining entrepreneurship, which started with a leap of faith.
Excel Foundry partners with Paramount Tracks
 

Excel Foundry and Machine (the performance parts business unit of FLSmidth) and Paramount Tracks are partnering to serve the needs of the mining market in South Africa. Paramount Tracks is a 100 percent black owned company registered in 2012. It is a diversified trading company that provides professional services to the mining, plant and construction industries. While, Excel Foundry is a designer, manufacturer and global supplier of premium replacement components for the mining and aggregate industries, based in the United States.
 

 
Minister reveals details of final Mining Charter 
 

Minister Mantashe describes the new Charter as one which represents a consensus among industry stakeholders, with compromises having been made on some of the contentious aspects of the version of the Charter published for comment in June 2018. Giada Masina, director in the Corporate and Commercial practice at Cliffe Dekker and Hofmeyr unpacks the details of the new Mining Charter.

 
Global pump manufacturer obtains level 1 B-BBEE certification
 

KSB Pumps and Valves has become the first OEM pump manufacturer in South Africa to obtain Level 1 B-BBEE certification. This follows the purchase of a 30 percent equity stake in the company by the black female-owned Insikazi Synergies, a company with four businesswomen shareholders including Nonhlanhla Ngwenya, Matshepiso Finca, who have joined the board to play an active role in steering the company in future.

 
A leap of faith leads to mining success
 

Jomo Khomo and his wife, Kefilwe’s leap of faith in business has paid off big time for the them in the John Taolo Gaetsewe municipality in the Northern Cape. The Khomo’s worked abroad for several years and came back with a suitcase full of great ideas - one of those ideas was identifying an opportunity for mining solutions through contract mining. And now their company, KELE Mining Solutions, is an example of what is possible through real empowerment in South Africa’s mining industry

 
Epiroc wins orders for enhanced SA mining production
 

Epiroc, a leading productivity partner for the mining, infrastructure and natural resources industries, has won significant mining equipment orders from Murray & Roberts Cementation in South Africa. The orders include Boomer 282 face drilling rigs and Boltec 235 bolting machines. There will also be rock drilling tools, spare parts and on-site service support to back up Murray & Roberts Cementation.

 
Becker Mining SA’s success at Electra Mining Africa
 

According to Becker Mining SA, highlights of this year’s event included meeting many potential new customers and receiving positive feedback from existing customers about the high quality and dependable performance of the Becker product range. It was noted that the flexibility of Becker Mining’s customised solutions - designed to accommodate upgrades when necessary - are an important advantage in the mining sector.

 
Unsubscribe | Update profile | View email online | Forward to a friend

You received this email because you subscribed to the Mining Equipment Buyer newsletter via the website or online subscription form. Should you no longer wish to receive this communication, please click unsubscribe above.

New Media Publishing

Unless previously agreed in writing, Mining Equipment Buyer owns all rights to all contributions, whether image or text.

SOURCES: Shutterstock, supplied images, editorial staff. While precautions have been taken to ensure the accuracy of its contents and information given to readers, neither the editor, publisher, or its agents can accept responsibility for damages or injury which may arise therefrom.

All rights reserved. © Mining Equipment Buyer.

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, photocopying, electronic, mechanical or otherwise without the prior written permission of the copyright owners.