It was with no small measure of pride that dignitaries, shareholders, business lumi-naries, and VIP-guests gathered on Thursday 22 June 2017 at the Kalahari Country Club in Kathu to celebrate the suc-cess of a truly transformed South African mining investment company, Ntsimbintle Mining.
Arguably, the biggest cause for celebra-tion, particularly among Ntsimbintle's grassroots level shareholders, was the company's latest dividend payment of R300-million in April 2017.
Saki Macozoma, Chairman of Ntsimbintle Mining said, “On a night such as this, we see how deep the transformation can truly run when we, as key players in the mining industry, honour our communities, particu-larly those surrounding the mine.”
Ntsimbintle is a manganese mining and exploration business that was born out of South Africa's own transformation, when in 2002, government announced it wanted to broaden ownership of the country's strate-gic resources - resources that were at the time almost completely controlled by esta-blished big business.
Mr Macozoma said, “It was time to build a legacy, and we wanted to create one that would benefit all our children, their children, and even their children's children.”
In 2003, nine black groups formed Ntsim-bintle to create a broad based black econo-mic empowerment company to pursue manganese opportunities in South Africa. Today, after years of dedication, determina-tion, and hard work, the Ntsimbintle family consists of 16 shareholders, many of whom are grassroots level shareholders from within the Northern Cape and have benefit-ted directly from the company's success.
The John Taolo Gaetsewe Development-al Trust, previously known as the Kgalagadi Rural Poverty Node Charitable Trust, is one such shareholder. This trust, made up of members directly from the John Taolo Ga-etsewe (JTG) district, is a specialist unit with a key focus on issues pertaining to the youth, people living with disabilities, HIV /AIDS, poverty alleviation, and women and children.
The John Taolo Gaetsewe Development-
al Trust is a 14.44% shareholder of Ntsim-bintle, and its Chairperson Ms Cynthia Mo-godi sits on Ntsimbintle's Board of Direct-ors.
To date, the John Taolo Gaetsewe De-velopmental Trust has received dividend payments amounting to R46.2-million from Ntsimbintle. This has greatly empowered the trust to carry out its mandate to cham-pion sustainable socio-economic solutions for the poor and needy people of the JTG district.
Among John Taolo Gaetsewe Develop-mental Trust's key socio-economic initiati-ves are a human resource development foundation, a bursary scheme, a multi-pur-pose centre, and a community radio station.
Mr Macozoma said, “We are immensely proud that among our shareholders we have those like the John Taolo Gaetsewe Developmental Trust, who is so deeply de-dicated to uplift the historically disadvan-taged people of the Northern Cape.”
With a world class portfolio of manganese assets, there is ample for Ntsimbintle to celebrate. Tshipi é Ntle Manganese Mining - a premium asset, is one such reason. Based in the Kalahari Manganese Field, Tshipi Borwa is estimated to be one of the five largest manganese exporters globally and the largest single manganese mine in South Africa. During the first four months of this year, Tshipi achieved monthly product-ion volumes capable of supporting in ex-cess of 3-million tonnes per year, exporting more than any other producer in South Africa.
The mine also does its share in socio-economic development and has partnered with the Department of Mineral Resources and the Joe Morolong district municipality, to develop and implement a comprehen-sive social and labour plan. Some of Tshipi's projects include the teacher de-velopment programme, a bulk water supply project, an enterprise development project, learnership programmes and bursaries at various universities across South Africa.
The years of dedication, determination, and hard work have paid off. The future for Ntsimbintle, its partners and shareholders, looks brighter than ever before.“It is an honour to be part of such an incre-dible journey of trans-formation,” Mr Maco-zoma concluded, “and to finally see the vast mineral wealth of our country being shared more equitably among the people than ever in our history.” Shed Marketing
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