At coal­face of trans­for­ma­tion

The Star Early Edition - - COMPANIES -

JOHANNESBURG – Di­ver­si­fied me­tals and min­ing com­pany South32 yes­ter­day awarded a three-year core-min­ing con­tract worth R158 mil­lion to a Broad-Based Black Eco­nomic Em­pow­er­ment (BBBEE) com­pany, Modi Min­ing, at its Wolvekrans, Mid­del­burg coal mine in Mpumalanga. Modi Min­ing will work closely with the Wolvekrans min­ing and plan­ning teams to plan and de­liver sub-pro­cesses, in­clud­ing top-soil­ing and strip­ping over­bur­den. Modi Min­ing ren­ders dif­fer­en­ti­ated con­tract min­ing ser­vices, in­clud­ing sup­ply­ing spe­cialised ser­vices for both un­der­ground and sur­face op­er­a­tions. It was founded 10 years ago and is co-owned by min­ing en­gi­neer and en­tre­pre­neur Sa­muel Molefi and a fe­male en­tre­pre­neur, Ke­bareng Moagi. South32 pres­i­dent and chief op­er­at­ing of­fi­cer for Africa Re­gion Mike Fraser said trans­for­ma­tion was cen­tral to mak­ing a mean­ing­ful con­tri­bu­tion to the so­cial and eco­nomic devel­op­ment of South Africa. Fraser said the award was par­tic­u­larly sig­nif­i­cant as it was the first core-min­ing con­tract awarded to a 100 per­cent black-owned com­pany. “It marks a sig­nif­i­cant step for­ward in our plans to de­liver a more in­clu­sive sup­plier land­scape,” Fraser said. “We wel­come Modi Min­ing as a strate­gic min­ing part­ner of South32.” – ANA

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.