Management Features

B-BBEE policy – the situation at present

By Matthew Wood – Writer

A big topic in South African mining is B-BBEE policy. Much has been discussed in 2015 as is evident in media reports. Chamber of Mines senior executive Vusi Mabena kindly accepted a Q&A-type interview session with MMPR, to expand on the topic. With regards to the topic of B-BBEE policy in the mining industry today, what are some of the most important aspects to highlight?

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The Botswana Chamber of Mines (and other affiliates)

Mining Online continues to reinforce its mining-in-Botswana week through informing and educating our readers with bits and pieces of important information based on what there is to know about the industry: The Botswana Chamber of Mines is an organisation established to serve the interests of the mining and exploration companies together with associated industries. The mining industry remains the main driver of economic activity in the country and is forecasted to sustain the economy further into the future.

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More insight into Botswana’s mining industry

The Botswanan fiscal regime report outlines the governing bodies, laws, licenses, rights, obligations and tax-related information covering five main commodities: coal, copper, silver, nickel and diamond.

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Risk based legal compliance audits

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Organisations continuously seek opportunities to enhance shareholder and stakeholder value. These opportunities are often found in continual improvement processes related to performance processes’ contribution to the sustainability of the organisation and the sustainable development indicators of the organisation. Through an interrelated approach these indicators are normally related to the following disciplines of the organisation:

  • Wellness of employees;
  • Health, safety and environmental management;
  • Compliance factors;
  • Operations and business process optimisation;
  • Good governance.

It is of paramount importance for an organisation to manage its responsibilities within a risk management framework which focus on a holistic approach of legal compliance for sustainable development and in particular adhere to good corporate governance principles, through the management and regulation of risk as an underpinning philosophy.

Business is subject to a wide range of legal responsibilities within the legislative framework and expectations in the society it operates in. In risk management terms for occupational health, safety and environmental management these legal requirements and framework focus strongly on responsibilities and accountabilities of employers / owners for the following reasons:

  • A desire to comply with the law.
  • Fear of prosecution and the imposition of penalties.
  • A good compliance record to ensure a licence to operate.
  • Fear of the consequence of non-compliance and major incidents.

Click here to read the full feature article on page 07 of the January/February 2015 issue of MMPR ...

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