Mrs Daphne Mashile-Nkosi
Daphne Mashile-Nkosi is currently the chair of Kalagadi Manganese (Pty) Ltd, a venture which will fund the first greenfields manganese project to be started in South Africa in over 30 years. Daphne has travelled a long journey from her childhood in Pilgrims Rest, where she was the youngest of four children growing up in an impoverished family. In those days she could never have imagined presiding over a multi million dollar joint venture deal with ArcelorMittal set up to complete a US$1.4 billion manganese mine and sinter plant in the Northern Cape and a smelter in the Eastern Cape province of South Africa.
Daphne is also the chairperson of WDP Investment Holdings and the deputy chairperson of the WDB Trust. She is a founder member, shareholder and director of Temeso Technologies and serves on the boards of Eyesizwe Coal, Nuworld Logistics and Thari Mining. She is a shareholder of Cellsaf and chairs the Mpumalanga Gaming Board.
At the heart of all of Daphne’s achievements lies an unwavering faith that she can do anything she sets her mind to, an inability to take no for an answer and a passionate belief in women’s rights. In fact, she has insisted that one of the terms of the joint venture deal is that Kalagadi Manganese will always be chaired by a woman. Daphne has always fought for the rights of rural women in South Africa. Prior to her consortium being awarded a mining license, she worked for the National Movement of Rural Women.
Daphne has also worked as a community facilitator and loans officer for the Women’s Development Bank, where her role was to train and mentor mostly rural women on how to generate their own incomes and financial literacy. Detained by the former Apartheid Government for her role as an activist, Daphne has fought hard to get where she is, and continues to advocate for women empowerment and self-reliance in South Africa. She has ensured that at least 70% of the shareholders of Kalagadi Manganese are women, and is delighted that she is able to continue to make such a profound difference in the lives of ordinary women.
Kalagadi Manganese Project Timeline
The sinking of the Shaft on the Umtu Farm commenced in March 2008. More information on the project itself is available by clicking here.
Industrial Development Corporation
After the completion of the manganese exploration work, the Industrial Development Corporation acquired 20% of the project for R60 million.
Kalagadi Manganese (Pty) Ltd
Kalagadi Manganese (Pty) Ltd (80% Kalahari Resources, 20% IDC) was thus established in January 2006 as a vehicle to complete the Bankable Feasibility Study for the project.
ArcelorMittal, the world's largest steel producer, has recently acquired a 50% interest in the project for $432.5 million, and will form an operating company with Kalagadi Manganese for the implementation of the project. ArcelorMittal will enter into an off take agreement with the new company to take at least 50% of the production of both sinter and alloy. Please visit the ArcelorMittal web site for more information on the ArcelorMittal company.