Miranda Minerals Holdings Limited
Black Economic Empowerment (BEE)
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Incubex is a privately owned, Historically Disadvantaged South African controlled holding company that was formed through the unbundling of the mining interests of Sephaku Holdings Limited during 2010. Incubex’s subsidiaries, associates and joint ventures together hold, and are developing, a number of Prospecting and Mining Rights that cover a diverse range of mineral interests in South Africa including coal, tin, diamonds, silica, gold and platinum. Incubex is active in the fields of exploration and the development of mining operations. This focus, which includes operations involving the exploitation of coal deposits – a major focus with Miranda, will create opportunities for both parties. Incubex is in a position to provide Miranda with
access to: interim funding; proven mining expertise; and acknowledged corporate deal-making abilities.

Miranda remains fully committed to the transformation process and the primary thrust of its strategy is to achieve broad-based black economic empowerment (BBBEE) at project level, thereby creating an enabling environment as envisaged by the Mining Charter and the MPRDA. Since listing the group has consistently been working towards actively engaging the local communities in the areas where the group operates.

These activities have included establishing joint venture partnerships, assisting community members to acquire technical skills and facilitating the establishment of social development initiatives. Miranda’s Sesikhona Kliprand coal project in KwaZulu-Natal is an example of how positive steps taken to empower the local community have produced results. The group has established the Sesikhona Community Trust in which representatives from the community and the company have been appointed trustees to oversee the interests of the community in the project. The trust holds a 12% stake in the Sesikhona project and are actively involved in the management of the project. The community have nominated a representative who has been appointed to the board of Sesikhona Kliprand Colliery (Pty) Ltd.

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