After huge mistakes, Richards Bay Minerals provides blueprint for BEE community trusts

26 May

Carol Paton

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Richards Bay Minerals (RBM) is Rio Tinto subsidiary in South Africa. Operations there have been often marred by violence by surrounding communities, and RBM's general manager was murdered in May last year.

Picture: Siyande Mayeza

Richards Bay Minerals (RBM), which has been seriously disrupted by community violence and instability over the past two years, made almost every mistake it could have when it established community trusts as part of its black economic empowerment transaction in 2009, independent research that the company commissioned shows.

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