BRC DiamondCore Ltd. - Empowerment

BRC DiamondCore subscribes to the concept of creating an inclusive minerals industry in which all South Africans can participate, regardless of race of gender. Our commitment to such initiatives of the South African government are borne out by the socio-economic programs we have implemented in parallel to our exploration activities, which we anticipate will leave a positive footprint in terms of local development in the areas where we operate, irrespective of whether economically viable discoveries are made. The empowerment strategy of the Company is a holistic one, encompassing equity participation, strategies with regards to procurement, co-operation with Local Economic Development Forums in areas where we operate, and active participation in our operations by our Black Economic Empowerment (BEE) partners.

As an exploration company, a critical element of our business is gaining access to acreage in geologically prospective areas and concluding exploration programs on that acreage. The executive management of BRC DiamondCore is conscious of the obligations we have in working towards turning the mineral wealth of South Africa to account for the benefit of all stakeholders. Operating, as we do, in a region of South Africa which has development challenges, brings a visible reality to the requirements of the Mining Charter.

We have worked extensively and co-operatively with stakeholders and local government to ensure that communities living in areas where we operate gain significant, long-term benefit from our presence. This consciousness has translated into the implementation of a strategy, which has become integrated within our business and around our exploration targets in the areas of Kimberly, Tsantsabane, Douglas and Prieska in the Northern Cape Province of South Africa. The Memorandum of Understanding that we have entered into with the Prieska Municipality is an example of this process at work. We have employed and trained people in the local areas in which we operate; this is not only an investment in growing a skilled labour force, but provides local people with choices for their own economic empowerment.

One of our continuing challenges is the implementation of broad-based BEE transactions, which BRC DiamondCore management has itself negotiated, and to which the company has committed itself, in a meaningful and transparent manner. The implementation of any partnership requires a large measure of commitment, transparency, participation and constant work from all the stakeholders involved if that partnership is to work. Taking this into account, any partnership or transaction to which the company commits itself must be beneficial and commercially sound for all stakeholders, not least the shareholders of the company, and must take into consideration the risk inherent to the providers of capital in the exploration for, and mining, of diamonds.

Our transaction with the Selang Consortium is an example of the meaningful and participative relationship we strive to build with our partners, and which we believe is in line with the requirements of the South African Government. For this we pay tribute to the contribution of the Selang management, who are fully integrated and participate in our management structures and who also provide valued professionals to our Executive Committee.


			Profile Board of Directors Management Corporate Directory Governance Empowerment Photo Gallery		BRC DiamondCore subscribes to the concept of creating an inclusive minerals industry in which all South Africans can participate, regardless of race of gender. Our commitment to such initiatives of the South African government are borne out by the socio-economic programs we have implemented in parallel to our exploration activities, which we anticipate will leave a positive footprint in terms of local development in the areas where we operate, irrespective of whether economically viable discoveries are made. The empowerment strategy of the Company is a holistic one, encompassing equity participation, strategies with regards to procurement, co-operation with Local Economic Development Forums in areas where we operate, and active participation in our operations by our Black Economic Empowerment (BEE) partners. As an exploration company, a critical element of our business is gaining access to acreage in geologically prospective areas and concluding exploration programs on that acreage. The executive management of BRC DiamondCore is conscious of the obligations we have in working towards turning the mineral wealth of South Africa to account for the benefit of all stakeholders. Operating, as we do, in a region of South Africa which has development challenges, brings a visible reality to the requirements of the Mining Charter. We have worked extensively and co-operatively with stakeholders and local government to ensure that communities living in areas where we operate gain significant, long-term benefit from our presence. This consciousness has translated into the implementation of a strategy, which has become integrated within our business and around our exploration targets in the areas of Kimberly, Tsantsabane, Douglas and Prieska in the Northern Cape Province of South Africa. The Memorandum of Understanding that we have entered into with the Prieska Municipality is an example of this process at work. We have employed and trained people in the local areas in which we operate; this is not only an investment in growing a skilled labour force, but provides local people with choices for their own economic empowerment. One of our continuing challenges is the implementation of broad-based BEE transactions, which BRC DiamondCore management has itself negotiated, and to which the company has committed itself, in a meaningful and transparent manner. The implementation of any partnership requires a large measure of commitment, transparency, participation and constant work from all the stakeholders involved if that partnership is to work. Taking this into account, any partnership or transaction to which the company commits itself must be beneficial and commercially sound for all stakeholders, not least the shareholders of the company, and must take into consideration the risk inherent to the providers of capital in the exploration for, and mining, of diamonds. Our transaction with the Selang Consortium is an example of the meaningful and participative relationship we strive to build with our partners, and which we believe is in line with the requirements of the South African Government. For this we pay tribute to the contribution of the Selang management, who are fully integrated and participate in our management structures and who also provide valued professionals to our Executive Committee.