Social Labour Plan
The Mine Petroleum and Resources Development Act, 2002 (Act No. 28 of 2002) (MPRDA) requires the submission of a document as a requirement for the granting of a Mining Right. This document is called a ‘Social and Labour Plan’ (SLP) and it is part of the MPRDA’s efforts to transform the mining and production industries effectively.
The components of the SLP include: the development and implementation of Human Resources Development Programmes; Mine Community Development Plan; Housing and Living Conditions Plan; and Employment Equity Plan, as well as processes to save jobs and manage downscaling and/or closure. These plans are aimed at promoting employment and advancement of the social and economic welfare of all South Africans whilst ensuring economic growth and socio-economic development.
Ironveld currently has 2 (two) Mining Rights held by its subsidiaries, namely Lapon Mining (Pty) Ltd (Lapon) and HW Iron (Pty) Ltd (HW Iron) respectively. Moreover, an application for a third Mining Right has been duly lodged at the Department of Mineral Resources and Energy in September 2022 for another one of its subsidiaries named Luge Mining and Exploration Company (Pty) Ltd (Luge).