Bauba Ltd is a diversified mining and exploration company listed on the Johannesburg Stock Exchange (JSE) since September 2010. The Group is fully compliant with the equity requirements of the Mining Charter.
Bauba’s primary business focus areas are:
- Creating value from our chrome mining operations; and
- The exploration, evaluation and development of the Bauba Platinum Project
Bauba fully embraces the spirit and transformation intent of the Minerals and Petroleum Resources Development Act (MPRDA), No 28 of 2002 and the associated Broad-Based Black Economic Empowerment (BBBEE) Charter.
Bauba remains fully committed to fair and equitable employment practices.
Contractors are required to adhere strictly to health, safety and environmental regulations. Our core value of ensuring a safe and healthy working environment is guided by a safety and health policy, aligned with occupational health and mining legislation requirements, and drives our goal of zero harm to employees, contractors and communities close to the prospecting and mining areas.
We encourage our contractors to use local employees as far as possible.
All of our exploration and mining sites are rehabilitated strictly in accordance with all relevant legislation. Drilling contractors are responsible for rehabilitating the sites and mines to standards agreed upon with Bauba. We are responsible for the rehabilitation of the mining activities, with roll-over mining planned wherever possible.
Management constantly inspects drill sites and mines to ensure compliance with these standards.
MEET THE TEAM
Commerce and Law Graduate
Businessman and entrepreneur with over 29 years' experience in exploration and mining, Nic is also the founding member of Hernic Chrome and Bauba Ltd (JSE) and GoldStone Resources Ltd (AIM).
Nick is a commercial lawyer with experience in both the exploration and mining sectors. His legal focus has primarily been in mineral law. He has managed various mineral rights and projects and equity portfolios. He currently holds directorships in several unlisted exploration companies. Nick has obtained a bachelor of commerce degree, a bachelor of law degree and was admitted as an attorney of the High Court of South Africa in 2014.
Jonathan is a CA (SA) and holds a BCom Financial Accounting degree and a Postgraduate Diploma in Accounting from the University of Cape Town. After completing his articles at Deloitte & Touche, he served as associate at The Royal Bank of Scotland PLC in London and Group Financial Reporting Manager of Clicks Group Limited.
Sholto is currently Executive Head of Research and Project Development at the PIC. He has over 10 years’ experience in the mining and manufacturing industry, including six years as a research scientist/engineer for De Beers’ research laboratory. He was head of Lonmin Platinum’s research and development for the Precious Metals Refinery for three years. Sholto has over 10 years’ experience in financial markets having worked as a mining investment research analyst and portfolio manager at Stanlib, Momentum Asset Management and the Public Investment Corporation. He holds a BSc (Chemistry), BTech (Ceramics Science), MSc (Materials Engineering) and an MBA from GIBS.
Martin has 29 years’ post-qualification experience. Since qualifying in 1988 as a chartered accountant, he has worked in London for Ernst & Young and Safinvest, and more recently was a director of the former BDO Spencer Steward (Cape Town). He established LPH in March 2002, with its original founding directors Nicholas Hall and John Proudfoot.
Dr Phosa opened the first black law practice in Nelspruit in 1981 and was elected as the first Premier of Mpumalanga province in 1994. In 1999, he resigned his seat in parliament to enter a career in business. He returned to politics to serve as Treasurer-General of the National Executive Committee of the ANC between 2007 and 2012.
He sits on the boards of a number of prominent South African institutions and companies, including the University of South Africa, Afrikaanse Handelsinstituut, Special Olympics South Africa and Hans Merensky Holdings.
He holds a BProc LLB (UNIN) and PhD (HON) in Law (Boston University, USA).
Damian is a registered professional natural scientist. He has 23 years’ experience in mining and exploration for base metals, gold and PGMs but has had a particular focus on the Bushveld Complex geology for the last decade. Before becoming a geological consultant to various companies, Damian was the group geologist for Northam Platinum Limited. He has conducted exploration programmes on projects in South Africa and internationally, and has undertaken due diligence, evaluation and feasibility studies on a number of PGM projects. Damian has published extensively on economic geology. He holds a BSc (Hons) Geology from the University of Liverpool and an MSc Exploration Geology from the Camborne School of Mines.
Thabile holds a Bachelor of Science in Mining Engineering from the University of the Witwatersrand, as well as an MBA from the University of Stellenbosch Business School. She has dedicated almost two decades of service to the mining industry. Her diverse professional experience includes general management, strategy, business development and business planning.
His Majesty King Thulare III is King of the Bapedi Nation. He joined the mining industry in 2007 and has gained 10 years’ of valuable experience. He is currently the executive chairman of the KT3 group of companies and has also served as a director of Bauba A Hlabirwa Mining Investments (Pty) Ltd since 2008.
The Board decides on matters of a material nature, including the Company's financial and operating results, major acquisitions and disposals and large capital expenditure, as well as ensuring that sustainable development is an integral part to the business strategy. The Board ensures that the Company operates as a responsible and ethical corporate citizen.
The Bauba Board is responsible for effective corporate governance as directed by the King Report on Corporate Governance for South Africa (King IV) as the framework for ensuring ethical business practices and transparent stakeholder engagement. The Company strives to achieve the desired outcomes contemplated in King IV at all times.
BOARD OF DIRECTORS
The Bauba Board and management team have extensive mining and exploration knowledge and possess the technical and financial skills necessary to manage these projects and grow Bauba through identifying and developing further mining opportunities.
The Board has a unitary structure with a formal framework for delegation of authority to ensure a proper balance of power and authority among its directors. Bauba’s Board Charter holds the Board accountable for ensuring financial and legislative compliance.
Certain functions of the Board have been delegated to committees which operate according to Board-approved charters. The committees do not diminish the accountability of the Board and their effectiveness remains a Board responsibility.
Shareholders elect members to the audit and risk committee annually at the annual general meeting, while the Board elects members to the remuneration and nomination committee, social and ethics committee and technical committee.
CODE OF ETHICS
The Bauba Board adopted a code of ethics based on the fundamental principles of integrity, transparency and accountability. The code guides the behaviour of all Company representatives when engaging with stakeholders.
Basic human rights, as enshrined in South Africa’s Constitution and Bill of Rights, informs Bauba business conduct and stakeholder engagement.
Policies and procedures ensure that employees and stakeholders are treated with dignity and respect, irrespective of gender, background or race, and equality and fair treatment is a core value ingrained in all of our processes and operations.
Bauba is responsible to its investors and for enhancing shareholder value over time. This is only possible, however, with fair and reasonable regard for other stakeholders who have an interest in or are affected by the Company’s activities.
Open and equitable stakeholder and community engagement is a key aspect of our operations. Processes are in place to engage meaningfully with community representatives and members.
As a reflection of its commitment to the highest standards of ethical behaviour, Bauba provides employees, suppliers, business partners and other stakeholders with access to a confidential and secure mechanism to raise concerns about any potentially unsafe, unethical or unlawful conduct related to the Company. The whistleblowing facility is managed by an independent third party and provides a safe and confidential channel to report such conduct, either by calling the Risk Manager on 011 329-6000 or emailing firstname.lastname@example.org.