BEE

Platmin’s BEE partner, the Moepi group of companies, owns an effective indirect stake of 25.13% in Boynton Investments, Platmin’s operating subsidiary in South Africa. Moepi's major shareholder is the Bakgatla-ba-Kgafela tribe (50.1%). This community of more than 350 000 people resides in the Pilanesberg region of the western Bushveld Complex.

Another 2.48% is held by BEE minorities, giving a total BEE stake in Platmin’s South African operating asset of 27.61%. This level of BEE ownership exceeds the BEE ownership target of 26% by 2014 that has been set in terms of South African mining legislation. In partnership with Moepi, Platmin is well positioned to develop its projects.

Enlarge BEE structure

These BEE partnerships not only ensure that Platmin can acquire appropriate mining and prospecting rights, but also that we work closely with the local communities near our projects. Our BEE partners were selected on the basis of Platmin’s broad-based socio-economic empowerment strategy which aims to attract talented historically disadvantaged persons to work with Platmin. Platmin’s BEE partner Moepi is represented by Mr. Kwape Mmela who serves on Platmin’s board of directors.