Limpopo Business 2016-17 edition
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.
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.
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PROFILE<br />
Corridor Mining Resources<br />
The company focuses on the economic development of <strong>Limpopo</strong><br />
Province through direct and indirect investment in mining.<br />
Corridor Mining Resources (Soc) Ltd (CMR) is a<br />
wholly owned subsidiary of the <strong>Limpopo</strong> Economic<br />
Development Agency (LEDA). Its primary responsibility<br />
is the execution of the resources development<br />
strategy of LEDA, through investment in mining<br />
opportunities and the empowerment of communities.<br />
CMR has various projects in different stages of<br />
development, some at an initial stage and some full<br />
mining operations.<br />
Purpose and mandate<br />
The purpose of CMR is to promote economic development<br />
in the province, directly or indirectly<br />
through mining, by:<br />
• Optimising the development of mineral resources<br />
• Driving economic growth<br />
• Facilitating opportunities for job creation<br />
• Promoting sustainable empowerment in mining<br />
<strong>Business</strong> model<br />
• All projects are executed through a “Special<br />
Purpose Vehicle (SPV)” company.<br />
• The SPV is formed by bringing together CMR<br />
with host communities and strategic partners<br />
including black economic empowerment (BEE)<br />
partners.<br />
• Exploration and feasibility studies are mainly<br />
outsourced.<br />
• Mining operations are managed by a third<br />
party (eg a mining contractor) under a Mining<br />
Management Agreement.<br />
• Cashflow is realised through annual declaration<br />
of dividends.<br />
• Host communities benefit from the mines<br />
through shareholding, business opportunities<br />
and jobs in the mining operations.<br />
Portfolio<br />
CMR boasts a diverse commodity portfolio that includes<br />
but is not limited to platinum group metals,<br />
chrome and gold. The table opposite indicates the<br />
mining investments and minerals in CMR’s portfolio<br />
and their location.<br />
CONTACT INFO<br />
Head ofice: 29 Market Street, Polokwane,<br />
<strong>Limpopo</strong>, South Africa<br />
Tel: +27 15 295 5120<br />
LIMPOPO BUSINESS <strong>2016</strong>/<strong>17</strong><br />
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