Question NW3260 to the Minister of Mineral Resources

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05 December 2018 - NW3260

Profile picture: Yako, Ms Y

Yako, Ms Y to ask the Minister of Mineral Resources

With reference to the reply to question 2952 on 24 October 2018, what is the (a) black economic empowerment (BEE) arrangement regarding the potential mineral commodities mine in Xolobeni, (b) name of each BEE beneficiary and (c) company registration number of each specified BEE beneficiary?

Reply:

a) According to the information submitted at the time of application, Keysha Investments 178 Proprietary Limited (Xolco), is the BEE partner and they were to be given 26% of the issued share capital.

b) The proposed BEE beneficiaries are community trusts, however, the supporting documents have not yet been submitted by the applicant.

c) Registration number 2007/005556/07

Approved/Not Approved

Mr SG Mantashe

Minister of Mineral Resources

Date Submitted:-……………/………………/2018

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