PALABORA MINING COMPANY LIMITED Registered in the Republic of South Africa, 1 Copper Road Phalaborwa, 1389. Registration No 2007/033694/07
VAT No. 4950252124; Employer's Tax Ref. No. 7430771826; Income Tax Ref. No. 9193800167
P O Box 65
Phalaborwa
1390
Telephone: +27 15 780 2911
Facsimile: +27 15 781 0448
MEDIA RELEASE
Monday, 14 July 2014
FOR IMMEDIATE RELAESE
Palabora Copper confirms the allocation of 30 trucks to Vexovax (Pty Ltd) a jointly owned community company with the local tribal chiefs, to transport magnetite. On Tuesday, 1 July, Vexovax commenced their magnetite operations to Port Maputo from Palabora. This allocation of trucks to Vexovax signifies great progress in ensuring that Supplier Development Programme delivers on its mandate of creating opportunities for local businesses. Supplier Development Programme is breaking new grounds as it directly links local businesses to the available supplying / procurement opportunities within Palabora Copper, and the allocation of trucks to Vexovax is a great milestone for both company and the community at large, detailed Keith Mathole, General Manager: Corporate Affairs and Company Secretary.
However in order to sustain this business, Vexovax will require strengthened partnership with its strategic transport partner to ensure capacity building, business skills transfer as well business continuity. "Palabora Copper, together with the
Palabora Foundation through Supplier Development Programme, will continue to
Directors:
Clifford N Zungu (Chairman) , Nhlanhla Hlubi, Ray Abrahams, Francine A du Plessis, Peter Ward, George M Negota, Jie Yan#, Ng Tze For (Alternate)^, Jinghua Han^#,
Katinka Schumann, Dikeledi L Nakene# (Chief Financial Officer)
Company Secretary: Keith N Mathole
#Executive Director ^Chinese Director
Registered with the Department of Higher Education - Registration N0 2010/FEo6/006
MS9-TMP-384 Rev. 05
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provide Vexovax with all the crucial support needed while accruing their business
capacity" , Mathole stated.
The aim of the SDP programme, which the Vexovax is part of, is to develop 30 local suppliers into becoming potential suppliers to large companies such as Palabora Copper and others in the area. The programme was officially launched in October
2013, where local businesses required to register their companies in order to be considered for selection into the Supplier Development Programme. Palabora Copper has put together numerous programs to ensure continued support to the local suppliers as well as the business incubation centre located at Palabora Foundation to assist with the needed capacity.
"The SDP has the potential of creating a booming local manufacturing and services industry that will sustain the community beyond the mining sector period," maintains Mathole," adding that "the value of potential opportunities currently being pursued are worth over R50 million annually. This will significantly boost the community and also our BBBEE reporting and the compliance with the Department of Mineral Resources' Mining Charter," he said.
"Palabora Copper is committed to strengthening its relationship with the surrounding communities of Ba-Phalaborwa, and we are confident that the Supplier Development Programme will be a success and bring the more needed empowerment to our local communities. We will work together to support the Vexovax and other enterprises to ensure the success of this program, concludes Mathole.
Palabora Copper (Pty) Limited (Palabora) is a copper mine, smelter and refinery complex based in the town of Phalaborwa, in South Africa's Limpopo Province. The mine owes its origins to a unique rock formation in the region known as the Palabora Igneous Complex.
Palabora has been operational since its incorporation in 1956 and is the country's only producer of refined copper, producing approximately 80 000 tonnes per year. Operational since its incorporation
in 1956, Palabora Copper is South Africa's sole producer of refined copper, which it supplies mainly to
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the local market and export the balance. Whilst copper forms the base-load of its business, Palabora also mines and exports other by-products such as Magnetite, Vermiculite Sulphuric acid, anode slimes and nickel sulphate.
More than a mineLocated directly adjacent to the world-renowned eco-tourism attraction, the Kruger National Park, Palabora coordinates several onsite wildlife management and cultural heritage programmes as part of its ongoing sustainability drive. The company also collaborates closely with various communities in
the Ba-Phalaborwa district to boost economic development and alleviate poverty.
MEDIA CONTACT PERSON
Hulisani Nemaxwi
Manager: Corporate Affairs
Corporate Affairs Department
Email: hulisani.nemaxwi@palabora.co.za
Office: 015 780 2019
Cell: 071 633 6096
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