Question NW2408 to the Minister of Mineral Resources and Energy
30 June 2023 - NW2408
Madokwe, Ms P to ask the Minister of Mineral Resources and Energy
What (a) role has he played to ensure that the De Beers Group complies with its responsibilities of (i) rehabilitating the area they operated in and (ii) rolling out outstanding Social and Labour Plans before its exodus from Gauteng and (b) will the implications be should the specified company fail to comply?
Reply:
- (i) De Beers ceded their Mining Right to Cullinan Diamond Mine (Pty) Ltd in June 2008. The annual financial assessment review for 2023 was submitted on 30 March 2023. The current environmental assessment was calculated at R252 231 057.00. The financial provision that is held by the Department in a form a guarantee amounts to R347 879 259.00.
(ii) De Beers last Social and Labour Plan before ceding was for the period 2006 to 2010. The said Social and Labour Plan was fully implemented.
- The financial provision is fully funded and has a surplus of R96 648 202.22