SA’s first 100% black owned mine
A recent report by Statistics South Africa noted that mining production had increased by 6.5 per cent year-on-year, up from the annual growth of 5.2 per cent reported in October 2017.
Fri, 02 Feb 2018 15:24:01 GMT
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AI Generated Summary
- The launch of the Chirabu Siku Collery marks a significant milestone in the South African mining industry, as one of the few mines in the country that is 100% black-owned.
- Black Royalty Minerals' commitment to both domestic and export markets highlights its potential to contribute to economic growth and development in South Africa.
- The company's focus on local employment and community engagement demonstrates a dedication to empowering the Brankersprayt community and addressing unemployment challenges.
In a groundbreaking move for the mining industry in South Africa, Black Royalty Minerals, a subsidiary of the Makole Group, has launched its first coal mine, the Chirabu Siku Collery in Brankersprayt. This launch marks a significant milestone not only for the company but also for the country as a whole, as it is one of the very few mines in South Africa that is 100% black-owned. The establishment of the mine is set to contribute to the economic development of South Africa and create opportunities for the local community. With the mining industry playing a crucial role in the South African economy, this venture is poised to make a positive impact on both a local and global scale. The chairman of the Black Royalty Group, Ndabe Mareda, has been instrumental in driving this initiative forward, highlighting the importance of mining as a pillar for economic growth and development in the country. The journey of Chirabu Siku began in 2014 with prospecting activities that eventually led to the mining phase, culminating in the recent launch of the mine. Mareda emphasized the company's commitment to both domestic and export markets, working with traders to expand their horizons and deliver coal responsibly and sustainably. The operationalization of the mine has already resulted in the employment of 350 individuals, with 90% of the workforce comprising local residents from Brankersprayt. This deliberate approach to local employment and community engagement reflects the company's dedication to uplifting the area and addressing the high levels of unemployment present in the town. By offering tenders and opportunities to local businesses, Black Royalty Minerals aims to foster a sense of belonging and inclusivity within the community, further solidifying their stake in the region's development. The move towards 100% black-owned businesses aligns with the goals of the contentious mining charter, seeking to empower and support companies like Black Royalty Minerals in their endeavors. As the mining industry continues to evolve, entrepreneurs like Ndabe Mareda are actively monitoring developments surrounding the charter, poised to embrace new opportunities and expand their global footprint. The favorable policies in South Africa have allowed Black Royalty Minerals to thrive as a 100% BEE company, showcasing the potential for collaboration and growth within the sector. Looking ahead, mining in South Africa remains a key focus for companies like Chirabu Sikou, aiming to engage with investors on a local and global scale to further enrich and diversify the country's mining landscape.