The interest of free-carry will promote loyalty among mine employees – Mantashe



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SECUNDA (miningweekly.com) – Minister of Mineral Resources Gwede Mantashe noted that the self-service stipulation in the latest draft mining charter will give workers immediate value, thereby encouraging performance diligent and loyalty to employers, while workers strive to improve and improve their "mine".

"It is the workers who convert any investment into wealth … without workers, there would be no dividends, hence the question of the free carry forward of 5% for S & # 39; to attendees at the official opening of the Secunda-based Secunda-based Shondoni mine on Thursday, the minister noted that the stipulation of the carryover has far more implications than purely monetary agreements, noting that the companies that invest in their relationships with their employees and affected communities.

Mantashe emphasized that communities would not likely engage in violent protests. the mines in which they are actively "invested", while more workers would be more aware of the factors and challenges that the company faces, if they were shareholders.

He noted that companies are convinced that they only need response to shareholders, employed a "retrograde way of thinking", adding that social investment has become a major priority.

Mpumalanga Finance, Economic Development and Tourism MEC Eric Kholwane agreed on the importance of the free He pointed out that it was obvious that the "good policies" in place did not seem not have any significant benefits for the population of Mpumalanga province. He reported that his constituents had expressed a desire to have some kind of ownership or participation in the mines of their communities. In addition, he suggested that the government seek to help miners on a small scale, instead of "relegating" them to illegal mining, making sure that the industry does not have to go to work. excludes artisbad miners.

While praising Sasol for his role in the province He added that he "hopes [d] that free portering increases the amount of their aid."

Mantashe added that transformation is not a compliance problem, but a business imperative.

On the question "once empowered, still empowered", he stated that no one, and especially not the Department of Mineral Resources (DMR) may find fault with the black shareholder or the black partner. economic empowerment taking their investment elsewhere, but that the problem lies in those black shareholders who were driven out. "In this case, you can not say that they are empowered."

Mantashe noted that the DMR was approached by shareholders who were driven out of the empowerment agreements.

He pointed out that, in drafting the revised charter, the DMR to ensure that it remained aware of employing measures that would not impede competitiveness or growth "because a competitive industry will lead to significant growth and transformation."

SOCIOECONOMIC IMPERATIVES
Mantashe noted that the country can not He reiterated his disgust for mining companies that place mines with economic deposits on care and maintenance, noting that these companies contribute negatively to production and employment. figures He suggested that large companies should enter into operating agreements with smaller companies, with lower overhead costs, which could be able to generate better margins when mining said deposits.

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