IFC and South Africa’s Lonmin recently completed a three-year partnership that helped transform the way the world’s third-biggest platinum miner operates.
IFC’s joint investment and advisory program helped Lonmin train, develop, and contract local small businesses; increase the number of women in its workforce; build an HIV/AIDS education program; and strengthen its ties with local communities.
The successful partnership demonstrates the many ways IFC is supporting private sector growth in Africa, especially by bringing opportunity to smaller businesses and to women.
Key impacts of IFC’s work with Lonmin include:
"The end of IFC's partnership with Lonmin does not mean the end of our commitment to supporting the development of the communities around our operations,” said Barnard Mokwena, Lonmin Executive VP for External Affairs and Human Capital. He named managers who will be “responsible for ensuring continuity of the work that IFC has helped us put together.”