Mar 16 2009
Braemore has found and entered into negotiations with its ideal black empowerment partner and hopes to reach a deal soon, Leon Coetzer, CEO and managing director of LSE- and JSE-listed Braemore Resources told investment site Proactiveinvestors.
“My first priority was to target the correct black empowerment company, ie. one which would compliment our assets and also our strategy. I targeted a company whose management, reputation and current asset portfolio compliments Braemore. I think it is crucial not to simply target a company for its black empowerment status.
“How will this make Braemore a better company? It will strengthen our business model and give Braemore access to projects previously not open to it. Secondly, of course, it will help us comply with the mining charter in South Africa,” Coetzer said.
Click here for the full interview with Coetzer.