https://newsletter.en.creamermedia.com
Business|Financial|Sustainable|Equipment|Operations
Business|Financial|Sustainable|Equipment|Operations
business|financial|sustainable|equipment|operations

Richards Bay Minerals has done well to open the way for operations to resume

3rd September 2021

By: Martin Creamer

Creamer Media Editor

     

Font size: - +

The tragedies surrounding Richards Bay Minerals (RBM) are heart-breaking. Two key employees of the Rio Tinto company have been shot dead and equipment burnt, causing losses of hundreds of millions of dollars.

While police are still trying to get to the bottom of the two murders, the leadership at RBM, working closely with the national and provincial governments as well as tribal leaders and community structures have shown huge commitment to return stability to the business. One senses that it will be sustainable this time round. Ahead of the culmination of the police investigation, RBM has taken strong steps to ensure that the money going to host communities reaches the people of those communities meaningfully.

This time round, independent auditing will be enforced with full transparency to ensure proper governance. Financial statements on funds going into communities were not going out on a regular basis and when they did finally come out, most of them were qualified. A firm stop is being put to that.

To watch Creamer Media's latest video reports, click here
 

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Comments

Latest News

Astral chicken farm
Astral swings to full-year profit, resumes dividend
18th November 2024 By: Marleny Arnoldi
Image of the dewatered Lesotho Highlands water tunnel at the Ash River Outfall in the Free State
LHWP tunnel maintenance on track
18th November 2024 By: Natasha Odendaal

Showroom

Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 
M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.113 0.207s - 180pq - 2rq
Subscribe Now