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Building|Business|Exploration|Innovation|Mining|Safety|Services|Sustainable|Contracting|Drilling
building|business|exploration|innovation|mining|safety|services|sustainable|contracting|drilling

SSC Group acquires controlling interest in Lesedi Drilling & Mining Contracting Company

4th June 2024

     

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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”.

For more information, please contact:
Renate Lohmann
Head of Marketing and Business Development

Contact : renate@sscgroup.co.za

Edited by Creamer Media Reporter

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