Richards Bay Minerals has done well to open the way for operations to resume
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.
Comments
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation