Here are the five critical components most requested by the DMRE when it comes to LED planning: It must be shown that the LED Project will be sustainable, and this must be outlined in the LED project plan as provided by the DMRE. Stakeholder roles in the LED project must be clearly stated and agreements… Continue reading 5 Critical elements of a LED project in the Social and Labour plan
Equity equivalent benefit to communities
2.1.4.1 The equity equivalent benefit referred to in paragraph 2.1.3.2 (ii) shall be administered as follows: 2.1.4.1.1 5% equivalent of the issued share capital of the mining right holder, at no cost to a trust or similar vehicle set up for the benefit of host communities; 2.1.4.1.2 The Trust or similar vehicle shall be established… Continue reading Equity equivalent benefit to communities
Mining Charter Transitional Arrangement
By March this year your new SLP strategies to conform with Mining Charter III needs to be in! See para 8 of Mining Charter III below. 8. TRANSITIONAL ARRANGEMENTS A mining right holder must progressively align existing targets from the Mining Charter, 2010 targets within the transitional period, to meet the revised requirements as follows:… Continue reading Mining Charter Transitional Arrangement
How does one give 5% of your mining shares to a community?
How does one give 5% of your mining shares to a mining community? There are many new provisions in Mining Charter III and one of them has to do with the gifting of 5% shares to the community and 5% to employees. The latter is easy because ESOP’s are pretty standard. The logic aside, the… Continue reading How does one give 5% of your mining shares to a community?
Mining charter calls for SLP audits and verification
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