SP Mine Safety secures B-BBEE partner – BG safety
SP Mine Safety (SA) Pty Ltd (SPMS SA) is very pleased to announce today that it has concluded a transaction to bring on BG Safety (Pty) Ltd (BG Safety) as its Broad-Based Black Economic Empowerment (B-BBEE) equity partner.
BG Safety will take an equity interest of 25% + 1 share in SPMS SA to secure an ownership interest per B-BBEE guidance. SPMS SA anticipates this new partnership will enable SPMS to further grow and develop its business across the South African mining markets, while at the same time create added value for BG Safety.
“As a major supplier of mine safety technologies in South Africa, this partnership not only strengthens our corporate goals for continued safety in mining, but also demonstrates our support for the BEE’s economic transformation objectives,” states Ian Cillie, SPMS SA Managing Director.
Banzi Giyose, Executive Director & VP of BG Global commented, “The Strata/ SP Mine Safety transaction and investment is a strategic addition to our portfolio of investments, thus, making it a key focus in ensuring that we continue to build value for our stakeholders and shareholders. The transaction has been a thorough and lengthy negotiation process, which has demonstrated both BG Safety’s resilience, resolve and willingness to be an incoming value-adding equity partner to Strata. I believe we will build a resilient firm that will continue to provide a superior quality service to various markets”.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation