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May 2015
MODERN MINING
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MINING News
Afrimat Limited is a leading black empowered open pit mining company providing an integrated product offering ranging from aggregates, industrial minerals, concrete products (bricks, blocks and pavers) to readymix concrete. Afrimat has established a strong foothold in contracting services comprising mobile crushing, screening, drilling and blasting. Backed by more than 45 years’ experience, Afrimat listed on the JSE Limited in 2006. As part of its continued diversification strategy, the group is expanding its footprint into Africa. The group’s capabilities enable Afrimat to service projects of any scale from major infrastructure and construction projects for state-owned enterprises and parastatals through to small private sector contracts. Investing in diversified growth A range of products built on the foundation of quality and durability Tel +27 21 917 8840 info@afrimat.co.za Fax +27 21 914 1174 www.afrimat.co.za Mining & Aggregates Industrial Minerals Contracting International Concrete Products Readymix ®New platinum company makes
JSE debut
Zambezi Platinum (RF)
Limited (Zambezi Platinum),
the special purpose vehicle
created to house the newly
constituted HDSA sharehold-
ing in Northam Platinum,
successfully listed as a debt
issuer on the main board of
the JSE recently.
Zambezi Platinum will beneficially hold nearly 16 million Northam
shares, amounting to approximately 31,4 % of the total issued ordinary
share capital of Northam. Zambezi Platinum’s preference shares provide
an affordable opportunity for a broad range of investors, over and above
those directly invested in Northam, to gain exposure to the PGM sector.
Speaking at the JSE listing function, Chairman Elect of Zambezi
Platinum Lazarus Zim described the nature of the transaction which
saw the establishment of Zambezi Platinum and which has revitalised
Northam’s empowerment status, as unique and unprecedented.
“Unlikemany prior BEE transactions, everyone party to this transaction
is protected from the vicissitudes of the market through the ring-fencing
of Zambezi,” he said. “With Northam’s strong balance sheet and vision-
ary and energetic leadership, we can now pursue value-accretive growth
opportunities which will benefit shareholders and all stakeholders alike.”
Northam Chief Executive Paul Dunne added, “This landmark trans-
action recognises the fundamental value of Northam along with its
growth potential. Now, withmeaningful and sustainable empowerment
participation, we are well poised to realise further upside.”
Paul Dunne and Lazarus Zim celebrate
the listing on the JSE of Zambezi Platinum
(photo: Philip Mostert Photography).
Golder Associates Africa has in the short space of a year improved its
Broad Based Black Economic Empowerment (B-BBEE) contributor rating
by three levels. It has leapt from level 6 to level 3, with Level 1 being the
highest possible rating. The integrated ground engineering and envi-
ronmental solutions organisation’s MD, Dr Ralph Heath, attributes the
significant improvement primarily to increased black ownership.
He says, “The recent ownership transaction involving the Golder
Empowerment Trust effectively increased black ownership by another
25 per cent. This allowed us to score 23 out of a potential 25 points for
ownership on our Construction Generic Enterprises Scorecard.”
The company has also changed its board profile, which now includes
Heath and three new directors, DrWendy Ngoma, Charles Naidoo (Lead:
Engineering Services) and Spencer Eckstein (Lead: Legal and Risk/
GAIMS).
Dr Ngoma who is the former Deputy Director General of the
Department of Art, Science and Technology, and Lawrence Baloyi,
who is the head of the University of Pretoria’s Innovation Support pro-
gramme, serve on the board of the recently formed Empowerment Trust
with Collen Monokofala (Senior Hydrogeologist) and Spencer Eckstein.
The main objective of the Trust is to give effect to Golder’s commitment
to implementing its Black Economic Empowerment initiatives.
Golder Associates improves its
B-BBEE rating by three levels