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Our business | we are . . . | Incwala at a glance | Empowerment | Questions and answers
 
 
 
 

WE ARE . . .

 
A South African black owned and controlled company with investment in Platinum Goup Metals (PGMs) sector.

Since inception in September 2004 INCWALA RESOURCES (INCWALA) HAS BEEN ONE OF THE LARGEST HDSA OWNED AND CONTROLLED MINING COMPANIES IN SOUTH AFRICA.

Our vision is to become a diversified flagship for Black Economic Empowerment (BEE) in the South African mining sector, enabling widespread participation by Historically Disadvantaged South Africans (HDSAs) in the country’s mineral wealth.
 
Key Milestones
April 2008 – Successful completion of R900 million refinancing, leading to outright
ownership of 26 % Akanani Mining
July 2007 – Purchase of 26% of Akanani Mining for R800 million
October 2006 – Two-year contribution to Lonmin’s application to convert its old-order to new-order mining rights, culminating with the granting of licences
September 2005 – Purchase 18% stake in Lonmin Platinum Limpopo which was subsequently flipped into Western Platinum Limited
September 2004- Purchase of 18% in each of Eastern and Western Platinum mines