EESTech Africa becomes a fully compliant Black Empowerment Enterprise (BEE)
11 Junho 2013 - 5:07PM
OTC Markets
EESTech Africa becomes a fully compliant
Black Empowerment Enterprise (BEE)
EESTech Africa has embraced the South African
Government regulated Black Economic Empowerment (BEE)
program.
The Aveng Group, which owns 51% of EESTech Africa, is
a fully compliant level 2 BEE company and significantly contributes
to the
socio-economic gain and upliftment of its historically
disadvantaged partners
and beneficiary communities, EESTech Africa has also taken the
necessary
steps to become fully compliant with BEE requirements.
The BEE principle was designed to stimulate economic
growth and to promote commercial opportunities for previously
disadvantaged
persons and companies, a program that EESTech is pleased to support
and
welcomes the opportunity to become fully compliant.
It was with this understanding that Aveng and Ken
Smith introduced to EESTech Africa the opportunity to appoint Mr
Locksley Pege
to the Board of Directors of EESTech Africa and to assign him the
position of
Business Development Director. Locksley, a metallurgist engineer is
very
experienced and widely known in the mining and energy sectors.
EESTech Africa
will also endeavour to appoint a woman with the appropriate
heritage and
qualifications as the company's Secretary / Treasurer.
With the majority shareholder, Aveng Africa being a
fully rated level 2 BEE Company owning 51% of EESTech Africa and
African Spirit
owning 26%, EESTech Australia made the decision to enhance the
opportunities of
EESTech Africa by transferring a 15% equity position in EESTech
Africa to Mr
Locksley Pege and then to transfer the remaining 8% equity together
with 2%
from African Spirit into an EESTech Community Development Trust. Mr
Paul Mwape,
a senior executive of the Government Department of Mineral
Resources, has
accepted the position as an independent Trustee and administrator
of the
EESTech Community Development Trust together with
Locksley.
This places EESTech Africa in a very strong position,
as it would now be recognised as fully compliant BEE Company.
EESTech is
committed to promoting sustainable solutions to energy and
remediation
challenges within the environments and communities in which it
operates. As a
BEE company, the long-term nature of our projects will allow us to
establish
lasting, positive relationships with communities by making a
sustainable
contribution wherever we work.
Locksley Pege
Locksley Pege has significant experience across the
full mining and minerals recovery and processing value chain, from
the mine
establishment / feasibility analysis stage, through to design,
commissioning,
optimization (including R&D) and operations management at
senior level. He
is a Metallurgist with 20 years experience in the mineral
extraction industry
with specialization in fossil fuels, diamonds, gold, and base
metals.
Locksley heads a mining consultancy company that
provides process engineering design, operations management,
techno-economic and
strategic advisory services to the mining sector, trade unions and
communities
within which mining activity occurs. He has worked closely with
various
government departments (i.e. Mineral Resources, Rural Development
& Land
Reform, Environmental, and Water Affairs) in various regions to
resolve
conflicts and unlock some of the mutually beneficial solutions
to
socio-economic challenges faced by communities in mining areas
through
exploitation of opportunities presented by the mining business
value chain,
like conversion of various waste materials into useful and saleable
products,
encouraging mine operators and communities to symbiotically
co-exist.
Locksley has also added tremendous value through his
company, industry knowledge and networking to the Multi-party
Negotiations for
sector restructuring between government, trade unions and mining
companies.
Locksley is a member of various local and international minerals
and technology
professional associations: he is also a co-inventor on a number of
South
African mining patents.
Locksley joins EESTech Africa as the Business
Development Director and is a 15% shareholder of the company.
EESTech welcomes
Locksley to the EESTech Africa team.
Mr. Paul Mwape
Paul Mwape is currently Head of Special Studies at the
South Africa Government Department of Mineral Resources, where he
is closely
engaged with communities and the minerals sector. The unit, Special
Studies,
through research provides pertinent and reliable economic
information in
support of decision and policy-making in the mining and minerals
sector.
Paul has over 30 years' experience in the minerals
industry, having worked in different sections of the industry where
he has
demonstrated an exceptional operational track record, he has
successfully
engaged and worked with governments and institutions, Paul
contributed
immensely to the African Mining Vision strategy through the African
Mining
Partnership.
Paul has a Master of Science (M.Sc.) Degree in Mineral
Resources Engineering and Management from the University of
Nottingham, a
Bachelor of Science Degree with Honours (B.Sc. Hon.) in Minerals
Estate
Management from Hallam University, U.K. His career in mining has
spanned mining
supervision, management and leadership experience. His broad
experience in the
minerals sector includes strategy and business development,
customer relations,
finance, mergers and acquisitions, government bilateral and
multilateral
agreements.
EESTech Africa thanks Paul for his involvement and
support of the EESTech Community Development Trust.
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