Richards Bay Minerals

Richards Bay Minerals is a joint venture between Rio Tinto Plc and BHP Billiton Plc with an enterprise value of R19 billion. It is one of the largest standalone mining operations in South Africa and one of the largest producers of Titanium Slag in the world. The transaction saw BHP Billiton and Rio Tinto sell 24% to BEE Holdco with 2% being reserved for staff.

Matasis was selected as the co-lead BEE partner in the consortium. The transaction is one of KZN’s largest (R4.5bn) broad-based BEE transactions to date.

Manne Dipico serves as a board member of Richards Bay Minerals, as well as a number of board subcommittees.

Manne Dipico and Mike Adendorff serve as board members of the BEE Holdco

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