PALABORA COPPER ( PTY ) LTD

MINING and to this end is a strong supporter of the South African Government ’ s Broad-Based Black Economic Empowerment ( BBBEE ) and the Mining Charter .

It has developed a comprehensive Transformation Strategy supported by a set of policies and procedures that seek to address the seven elements on the BEE scorecard and is committed to fostering an inclusive equal opportunity workplace .

The revised South African Mining Charter emphasises a target of 26 percent black ownership of the country ’ s mining assets by 2014 and Palabora has already achieved that as previously disadvantaged people have a shareholding ; thus community 10 percent , employees , 10 percent and BEE Consortium six

5

56

2 Product Revenue Contribution (%)

Copper By-products Magnetite Vermiculite

37

AECI is an explosives and specialty chemicals group domiciled in South Africa . Group businesses service the mining and manufacturing sectors both locally and internationally . The focus for growth is on Africa , South East Asia and South America . AECI ’ s businesses are characterised by application know-how and service delivery . They often operate in niche markets and are supported by leading technologies which are developed In-house or are sourced from international partners .

Website : www . aeci . co . za w ww . palabora . co . za 95