It’s back to business for delegates who were at the 2016 Mining Indaba in Cape Town, South Africa. Hosted against the backdrop of the commodities price slump, the event has been hailed as the most significant ever. Amongst topical issues raised was the need of mining companies to be more transparent about their social and labour plans. And the voice which drew attention about the most was that of Kgosi Leruo Molotlegi, King of the Royal Bafokeng Nation: a tribe which is said is said to be the country’s richest on the account of its platinum resources.
Said the king of South Africa’s richest tribe: “Social and labour plans should be tailored to ensure mining companies provide opportunities for mineworkers and communities to benefit from mineral resources. Unfortunately, these initiatives have not helped reduce the inequality associated with mining activity.”
He said disclosure would also allow mining companies to provide feedback to the community. Disclosure is stipulated under the Mineral and Petroleum Resources Development Act, which states that social and labour plans is a precondition to obtain a mining licence.