the rest of the CCC ownership is CCC's BEE partner. This is a legal requirement of mine ownership in SA. Essentially, this 26% ownership by the BEE partner receive no profits nor money from the mine until CCC has fully developed its land and all CAPEX costs are payed off. It would be surprising if this was to take affect before 2015.
Every mine in SA, by law, has to be BEE compliant. I dont think the multi-nationals are required to have BEE buy in on their projects (if i remember correctly), but at the same time, this is the reason why the smaller, BEE compliant companies are more likely to get extra govt support/allocation on freight lines etc
If you took the time to read through the posts on this forum you would find it has been discussed multiple times.
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