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Johannesburg , 3 June 2024 — The SSC Group is pleased to announce the acquisition of the controlling interest in Lesedi Drilling & Mining Contracting Company and its subsidiaries.
This marks a significant milestone and enhances SSC Group’s commitment to advance black economic empowerment and transformation. With this strategic acquisition, Lesedi Drilling has become 100% black-owned, reaffirming our dedication to fostering inclusive growth and creating sustainable opportunities within the mining industry.
This acquisition underscores our resolve to enhance representation and ownership in the sectors where historically marginalized groups have been underrepresented. Lesedi Drilling, renowned for its excellence in providing high-quality exploration diamond-drilling services, will continue to operate with the same commitment to safety, innovation, and customer satisfaction that has defined its reputation.
The SSC Group’s vision extends beyond ownership and aims to leverage this opportunity to drive meaningful change, creating a ripple effect that benefits our employees, communities, and the broader economy. By ensuring that Lesedi Drilling remains at the forefront of industry standards and technological advancements, we are not only investing in the future of the company, but also in the future of our people and communities.
SSC Group CEO, Fred Arendse said: “This acquisition highlights the significance of the integration of Lesedi Drilling into the SSC Group, emphasizing our commitment to economic empowerment, and positioning the company positively in the context of our group strategy and vision. We believe that this acquisition will catalyse further progress toward economic equality, aligned with SSC’s strategy of building capacity throughout the mining value chain, fuelled by its ambition of ultimately owning and operating mines”.
Arendse said that the SSC Group was excited to embark on this new chapter with Lesedi Drilling’s committed employees and management. “We are confident that under the SSC Group’s structure and leadership, Lesedi Drilling will continue to thrive and set new benchmarks for success”.
Related Media Coverage
SSC Group buys controlling stake in Lesedi Drilling - Miningmx
SSC Group acquires controlling interest in Lesedi Drilling & Mining Contracting Company - Mining Weekly
SSC Group acquires controlling interest in Lesedi Drilling & Mining Contracting Company - African Mining News
For more information, please contact:
Worgan-Lee Arendse
Business Development Specialist
Contact: worgan-lee@sscgroup.co.za
About the SSC Group:
Founded in 2005, a new generation company, building a global, diversified, operating, minerals and investment group. Our team, drawn from in-house experts and strategic partners, has the appropriate best practice skills with over 740 years combined mining and corporate experience with current capacity to deliver value. The SSC Group is a South African, 100% black-owned and majority black-women owned company, as well as a B-BBEE Level 1 Contributor.
About Lesedi Drilling & Mining Contracting Company:
Lesedi Drilling & Mining Contracting Company provides exploration diamond-drilling services to the South African mining industry. We extract underground core samples that mine geologists use to determine reef location and ore quality. The mines base their development planning on these samples, which in turn, determines the mine’s economic viability . Lesedi Drilling offers competitive and professional exploration diamond-drilling services and manufactures and supplies quality exploration drill bits being recognised as the supplier of choice to the mining and exploration industry.