26 May 2018


Black owned Siyanda Resources new owners of Swartklip’s Union Mine

by: Kagiso Metswamere   date: 02 february 2018

Minerals and Energy Minister, Mosebenzi Zwane, has applauded Anglo American Platinum for transferring ownership of its mining shares to black-owned mining company, Siyanda Resources.
The mine in Swartklip was sold for R 400 million and Siyanda now owns the mine in partnership with Bakgatla Ba Kgafela. 
Speaking at the official handover ceremony last Friday, Minister Zwane said there are big mining companies that are beginning to understand the country’s transformation agenda.
“We want to specifically thank Union Mine management for the transaction we are doing here today and believe that the new company will continue to create and save jobs for the local people here at Moses Kotane Local Municipality,” he said.
Bokone Bophirima Premier, Supra Mahumapelo, local mayors, traditional leaders, Chief Executive Officer of North West Development Corpration, Tshepo Phetla, and mining executives attended the ceremony.
South Africa has being mining platinum for more than 70 years, contributing to job creation and growing the economy of the country. Bokone Bophirima is the biggest platinum producing province. 
To date, Union Mine has employed more than 6000 people from the province and other parts of the country. Union Mine has been owned by Anglo American Platinum since 1949 and has helped the company to get to where it is today. 
Premier Mahumapelo said this transaction is a good example of radical economic transformation that will assist the province to eradicate poverty and unemployment.
“We are pleased about this transaction as the province because it will help us create more jobs and fight poverty in our communities.  We are indeed overwhelmed to see committed hardworking black business professionals getting into the mining sector, which is something that must continue to happen more in our country, he said. 
Chairman of Union Mine, Chris Griffith, explained that they have a qualified resource that holds much promise for future mining activities.
“We do believe that a new company can make sure that there is a long and good future for the mine and its people. We are selling the operation to Siyanda Resources after thoroughly thinking about the needs of our people and communities before making this decision and we made sure that we found new owners who will do what is best for the people who work here,” he said.
Chairman of Siyanda Resources, Lindani Mthwa, said the company is ready to take over Union Mine.
“Our approach to Union Mine’s success is underpinned largely by partnering with our people, saving and creating jobs, while delivering superior performance in order to sustain the mine going forward. I am also delighted to return to the mine where I worked for many years and once again to be back among such great human beings who are the pillar of this mine,” he told Semphete. 
Kgosi Nyalala of Bakgatla Ba Kgafela - who are partners in the mine - said they are looking forward to work with Siyanda Resources.
“We are also excited about our new partners and our belief is that they will continue to work hard to save and create jobs for our communities. We are also hoping to work more with our provincial government to make sure that our mine also contributes in their programmes meant to better the lives our people in the province,” he said.