-
President Cyril Ramaphosa and the Ivanplats Mine management.
President Cyril Ramaphosa says mining companies should follow the example of Ivanplats Mine in empowering communities and participating in service delivery. Ramaphosa said this during the opening of Ivanplats’ new mine in Mokopane, Limpopo.
Ivanplats is one of the world’s largest producers of platinum, nickel and copper.
Ramaphosa says Ivanplats is the first mine to open with the full involvement of community.
“Ivanplats is the first mine opening with the full involvement of community, not only as workers, but also as equity owners. The government has over the 30 years sought to redress the inequality of the past by passing laws that require black economic empowerment, in the past mining was about the companies and their money,” says Ramaphosa.
Ivanplats Executive Chairman, Robert Friedland, says all the money generated from mine is reinvested into the South African economy.
“Ivan Mine as a company has never taken one penny out of South Africa in the last 38 years, not one penny. All the revenue is reinvested in the building of giant mining has lifted thousand of local historic black people who will have equity owners,” says Friendland.
