The 2016/17 edition of Limpopo Business is the eighth issue of this highly successful publication that, since its launch in 2007, has established itself as the premier business and investment guide to the Limpopo province.
Limpopo is unique in terms of its abundant natural and human resources, and is also one of the key drivers behind the South African economy.
This edition of Limpopo Business is officially endorsed by the Office of the Premier of Limpopo.
PROFILE Corridor Mining
PROFILE Corridor Mining Resources The company focuses on the economic development of Limpopo Province through direct and indirect investment in mining. Corridor Mining Resources (Soc) Ltd (CMR) is a wholly owned subsidiary of the Limpopo Economic Development Agency (LEDA). Its primary responsibility is the execution of the resources development strategy of LEDA, through investment in mining opportunities and the empowerment of communities. CMR has various projects in different stages of development, some at an initial stage and some full mining operations. Purpose and mandate The purpose of CMR is to promote economic development in the province, directly or indirectly through mining, by: • Optimising the development of mineral resources • Driving economic growth • Facilitating opportunities for job creation • Promoting sustainable empowerment in mining Business model • All projects are executed through a “Special Purpose Vehicle (SPV)” company. • The SPV is formed by bringing together CMR with host communities and strategic partners including black economic empowerment (BEE) partners. • Exploration and feasibility studies are mainly outsourced. • Mining operations are managed by a third party (eg a mining contractor) under a Mining Management Agreement. • Cashflow is realised through annual declaration of dividends. • Host communities benefit from the mines through shareholding, business opportunities and jobs in the mining operations. Portfolio CMR boasts a diverse commodity portfolio that includes but is not limited to platinum group metals, chrome and gold. The table opposite indicates the mining investments and minerals in CMR’s portfolio and their location. CONTACT INFO Head ofice: 29 Market Street, Polokwane, Limpopo, South Africa Tel: +27 15 295 5120 LIMPOPO BUSINESS 2016/17 34
MINING INVESTMENTS Sefateng Chrome Mine Fumani Greenstone Tshepong Chrome Mine Khumong Chrome Mine Autumn Star Trading Mokopane Kodumela Rock Island ASA Metals* VanMag MINERAL Chrome Gold Chrome Chrome PGMs PGMs Gold Ferrochrome Vanadium and Magnetite LOCATION PROFILE 85km SE of Polokwane on the R37 road (next to Jibeng, Ga-Phasha and Ga-Mampa Villages). Farms: Zwartkoppies 413KS and Waterkop 113KT 115km east of Makhado and 2km west of Kruger National Park (next to Mtititi Village). Farms: Alten 221 LT and Plange 222 LT 135km SE of Polokwane and 30km west of Burgersfort via R37 road (next to Ga-Selala and Ga-Maroga Villages). Farm: Twyfelaar 119 KT 125km east of Polokwane on the R37 road, 19km NW of Steelpoort and 24km from Burgersfort (next to Modikwa Platinum Mine). Farm: Portion 5 of Maandagshoek 125km east of Polokwane (next to ASA Metals). Farms: Mineral Areas 3 and 4 of Maandagshoek 254KT and portion of portion 1 of Mooihoek 255KT 30km north of Mokopane in the Mogalakwena Magisterial District (next to Mapela and Backenberg Villages). Farms: Inhambane 802 LR, Molendraai 811 LR, Commandandodrift 228 KR and Gezond 235 KR Around Giyani (next to Hlaneki, Mabunda and Homu Villages). Mineral areas: Klein Letaba - 15km northwest of Giyani, Horseshoe – west of Giyani and south of Klein Letaba River, Birthday – 5km east of Giyani and north of the Klein Letaba River and Louis Moore – 8km north of Giyani 125km east of Polokwane (next to Ga-Maroga Village). Farm: Maandagshoek 254KT farm 30km north of Mokopane in the Mogalakwena Magisterial District. Farms: Inhambane 802 LR, Portion 2 of the farm Mozambique 807 LR, Molendraai 811 LR, Commandandodrift 228 KR and Gezond 235 KR Attaclay* Bentonite and Attapulgate Farm Maandagshoek (next to Maandagshoek Villages). (Catlitter) Mahube Tameng* PGMs In the Capricorn District between 60km and 70km ESE of Mokopane. Farm: M’Phatlele 457KS Inca Mine Limestone In Mokopane Municipality (next to Zebediela). Farms Brakfontein (Portion 7 and 8 of farm No 152) and Malgas (Portion 2 of farm No 154) mining investments and minerals in CMR’s portfolio and their location. * THE SHARES ARE HELD BY LEDA AND CMR MANAGES THE OPERATIONAL ASPECTS OF THE INVESTMENTS 35 LIMPOPO BUSINESS 2016/17
