THE

BEECHAMBER

Asset 4.png

WEEKLY TFM ARTICLES

Lonmin caught in BEE row

MAIL & GUARDIAN / 03 AUGUST 2018 - 00.00 / ATHANDIWE Saba

Mining house Lonmin has been accused of covering up for its black economic empowerment (BEE) service provider, which has been accused of fronting.

The joint venture company, Great Lonmin Community Commodity Specialists (GLC), has invoiced the mining company for more than R160-million but has paid its BEE shareholders only R26 000 in the past four years, according to the BEE partner, Bana Ba Bapo Mining Contractor.

Mail & Guardian

These allegations are in an affidavit that forms part of a complaint sent to the Broad-Based Black Economic Empowerment Commission. The complaint was lodged by Bana Ba Bapo, which partnered with Christiaan van den Heever in GLC.

This article is only available to Mail & Guardian subscribers at present.

--------

LINK : https://mg.co.za/article/2018-08-03-00-lonmin-caught-in-bee-row

Disclaimer - The views expressed here are not necessarily those of the BEE CHAMBER

10 views0 comments