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Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Codes of Good Practice on Black Economic Empowerment

Mining Sector Charter

Scorecard for the Broad Based Socio-Economic Empowerment Charter for the South African Mining Industry

4.8 Beneficiation

 

This Charter will apply to mining companies in respect of their involvement in beneficiation activities, specifically activities beyond mining and processing. These include production of final consumer products.

 

Mining companies will be able to offset the value of the level of beneficiation achieved by the company against its HDSA ownership commitments.

 

Mining companies agree to:

 

• Identify their current levels of beneficiation.

 

• lndicate to what extent they can grow the baseline level of beneficiation.