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Black Economic Empowerment
Riversdale's projects in South Africa include the involvement of local investors, as determined by the country's regulations governing investment and minerals development.
Under the terms of the Mineral and Petroleum Resources Development Act, and the Mining Charter in South Africa, 26% of the equity in mining operations must be controlled by Historically Disadvantaged South Africans by 2014.
Specifically, for Riversdale's operations, this has resulted in 26% of the equity in Zululand Anthracite Colliery is held by the Maweni Mining Consortium, a broad-based alignment of employees and communities surrounding ZAC.
For the Riverdale Anthracite Colliery (RAC), similarly, this has resulted in 26% of the equity in the project is held by the Khulani Mining Consortium, an investor group comprised of local business and other representatives of the local communities nearby.
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