De Beers upbeat on Botswana diamond pact after meeting new president
De Beers' CEO said he expected negotiations on a new diamond sales pact with Botswana's government to be wrapped up within weeks.
ERG Africa’s subsidiary, Frontier SA, participated in a ceremony at the Sakania General Referral Hospital this week to mark the handover of 30 solar-powered boreholes, which offer a long-term solution to water scarcity, to six local communities in the Sakania territory in the Haut-Katanga province of the DRC.
Frontier SA has a mission to improve living conditions in neighbouring communities through funding various pivotal community development projects.
In compliance with the social obligations outlined in the DRC mining code and regulations, Frontier SA allocates 0.3% of its annual turnover to DOT-Frontier, a fund designated for community development projects as part of its corporate social responsibility.
As of 2023, Frontier SA has disbursed over $5.8 million to DOT-Frontier out of a total provision of over $9.2 million earmarked for the cumulative period spanning 2018 to 2023.
“Supporting this initiative for improved access to drinking water aligns perfectly with ERG Africa’s mission to develop impactful projects that sustainably benefit local populations,” ERG Africa CEO Nicolas Treand said in a news release.
Through DOT-Frontier, 10 community development projects are currently underway in Sakania for 2024, primarily focusing on health, education, agriculture, and infrastructure sectors.
The DOT-Frontier management mechanism is designed to foster community involvement and ensure transparent governance. It is administered by a specialized body comprising 12 members representing local communities, grassroots organizations, government entities and Frontier SA.
