INDUSTRY INNOVATOR New equity structure a major step forward for FLSmidth FLSmidth is building on its 100 years of successful business in the African region with the announcement of a new equity structure. The structure will result in a broad based black economic empowerment (BBBEE) ownership status for its South African operations, in accordance with the requirements for multinational suppliers to the mining industry, as stipulated in the South African Mining Charter. A Mining Review Africa exclusive. T he new structure positions the company as procurement partner of choice for the mining industry, with the capability to offer total solutions, including maintenance and operational requirements. Going forward, Phetogo Bontle Community Equity will hold 25.1% shares in FLSmidth South Africa, and the broad based “Phetogo Trust” will have a 100% stake in Phetogo Bontle Community Equity. The trust will fund various corporate social investment initiatives and support the integration of minority groups into the economy. “FLSmidth as a Danish company remains committed to social Rajen Govender, Gladys Mokaleng and Lerato Mokgethi, trustees from FLSmidth’s Phetogo Trust, with Peter Lohrmann, MD, FLSmidth South Africa A middlings stacker from FLSmidth, which has the capacity to offer total solutions, including operational and maintenance requirements 12 MINING REVIEW AFRICA ISSUE 12 2014