Western Cape Business News

Send  Share  RSS  Twitter  03 Nov 2008

MINING: De Beers Active in the Cape


Recent Western Cape Business News

De Beers announced the successful conversion of seven of its old order mining rights to new order rights under the provisions of the Minerals and Petroleum Resources Development Act.  De Beers lodged the old order rights for conversion, and also applied for and received a new order mining right over an area in Namaqualand, where it previously did not hold the right.  

David Noko, De Beers Consolidated Mines (DBCM) managing director said that the company was pleased that it had received the eight rights, and was encouraged by the assistance it had received from the Department of Minerals and Energy (DME), and their thorough administrative processing of conversions lodged and the application submitted. David Noko commented, “The complexity and scope of the Act as an instrument to further social and economic development and to foster transformation in the South African economy, and therefore in our society, is something often not fully appreciated. Regular engagement with the DME and with the communities that surround our mines has contributed to the successful conclusion of these conversions.  The certainty the eight mining rights bring to a company and its employees is important as mining is an industry of significant risk and requires deep capital commitment over decades, and therefore long- term planning.”

Elaborating on the underlying content of the conditions attached to all mining rights David Noko continued; “I am optimistic that these mining rights received for the Finsch and Namaqualand areas illustrate that the cooperative planning and discussion which has taken place between De Beers and communities, and with government at a local, provincial and national level has helped to build common purpose. To be awarded a mining right the company’s social and labour plans for each area has to be agreed to by many parties, and we address the important environmental management issues in the mining areas, provide proof of financial and technical capacity to execute mining plans, and implement a range of empowerment initiatives addressing procurement, and community and skills development, as well as the proper and correct mine closure planning. This is something we approach as a way of life rather than as a regulatory requirement.”

The licenses converted were for the Finsch Mine, and for the Buffels Marine, Buffels Inland, Dikgat, Brand-se-Baai, Koingnaas, and a new right application was granted for the Verdun area which forms a part of Namaqualand Mines in the Northern Cape. Conversions have also now been executed for Venetia Mine in the Limpopo Province.

De Beers acknowledged the assistance received and expertise of the DME Director-General, Advocate Sandile Nogxina, and Futhi Zikalala and Jacinto Rocha, Deputy Director Generals, their officials at the provincial and national levels of government, as well as local and provincial government officials who advised and helped with the underlying work necessary to issue the licences and thereby realize the economic and social intent of the Act.

Sakhile Ngcobo head of public affairs said; ”De Beers is confident that due to the joint working approach we have with the DME the parties have broadened one another’s depth of experience and knowledge, thereby enabling the efficient execution of the conversions lodged, and new order right applied for.  We are confident that the understanding gained will expedite the remaining work required for future conversions. The company has already received its mining right for its new billion Rand investment in the Voorspoed Mine in the Free State, which is scheduled to open next week, on the 4th November.”

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