About Broad-Based Black Economic Empowerment
Eastplats has three Broad-Based Black Economic Empowerment (B-BBEE) partners: Gubevu Consortium Investments Holdings, a partner in Barplats Investment; Afrimineral Holdings, a BEE compliant partner in the Spitzkop project; and Lion’s Head Platinum, a BEE-compliant corporation in Eastplats’ Mareesburg project.
In an effort to transform the industry, the South African mining regulations require that mining companies’ equity comprises a certain level of Black Economic Empowerment (BEE) shareholdings in order to be granted a mining right.
Eastplats is committed to maintaining compliance with all the country’s applicable requirements and will continue to work with the Department of Mineral Resources and Energy (DMRE) to ensure historical socio-economic inequalities in the mining and minerals industry are redressed.