History/ Inception of Mbuyelo Coal
Mbuyelo is a Xitsonga word that means ‘returns’. Our company is driven by the fact that rewards are received for work/effort put in. We hence put in unparalleled effort in all we do towards building on our company. We are geared at ensuring that our stakeholders get returns on their investment.
An opportunity arose in the mining industry where government held talks with the general public around the mining charter. It is from there that the Mineral and Petroleum Resources Development Act 28 of 2002 (-or the MPRDA) was born. The Department of Minerals’ regulation allowed the “Old Order Rights holders” to apply for the conversion of their Old Order Rights into new order rights by the 30th of April 2004. These Right holders were individuals or entities who previously owned Mineral Rights in terms of the old Mining and Mineral Regulation Act. This process required the Old Order Rights holders to meet certain minimum requirements, such as technical and financial ability, as well as to demonstrate BEE participation. Mr Rirhandzu Owner Siweya ventured on with his then mentor and consultant Mr Donald Sinclair Muller across all of Mpumalanga and Kwazulu Natal, in search of farmers needing to convert their rights. The Department of Mineral Resources (DMR) granted 13 out of 15 rights applied for in partnership with the farmers.
After the April 2004 window, all unconverted Rights fell back to the state as per the MPRDA. Motivated by the success of their previous applications, Mr Siweya and his crew went on a mission to apply for as many mining rights as possible. Strengthened by the unwavering support of his then fiancée and now wife, Mrs Gloria Lerato Siweya, Mr Siweya conceptualized, planned and then dictated the applications of the prospecting rights inter alia the current Ntshovelo Mining Resources. In the absence of resources (-e.g. a basic computer to type and construct the applications), the duo became well-known faces at a local internet café. It was not long before they were joined by Mr Siweya’s brother (-V. S Siweya, now director of Mbuyelo) and friend-turned-brother, N.M Shilubane who equally sacrificed his time by adding value to the what was a pipe dream (at the time). A satisfactory number of mining rights were caught in the net, although many fell through.
Fast forward numerous rewarding years later and many laborious tasks, Mr Siweya (guarded by valuable inputs from Messrs.
Kevin Mthombeni and Xolile Mdolo) realised the team’s potential, and decided to soldier on. He registered a company that would be groomed for listing. Its name would be, Mbuyelo Coal.
Mbuyelo Coal (Pty) Ltd is a pearl being nurtured for a proper listing. The company has very solid partnerships with local and international investors already well acquainted with the mining industry, such as an Amsterdam-based and Frankfort-listed Ichor Coal. The company boasts a combination of operations ie Manungu, Vlakvarkfontein and Welgemeend Collieries as well as other prominent Prospects. Mbuyelo prides itself with remarkable interactions with the communities surrounding its footprint, only because being patriotic is an extension of appreciation from the originators of the company, having come from disadvantaged backgrounds themselves. One may argue that Mbuyelo Coal is well on its path of true success.
- To be a leading black-owned South African company that delivers value to all its stakeholders by:
- Understanding the needs of our stakeholders, delivering, and exceeding them
- To attract and retain the best talent in the market
- Focus on core assets – Pareto
- Focusing on owning and operating our assets
- Embracing diversity
- Ensuring sustainability, growth and good governance