Investing in education

The issue of skills attraction and retention remains a material risk to the Letšeng mine. Aside from the normal factors ascribed to working in remote areas and remunerating skilled employees in a globally weak economy, localisation challenges and difficulties experienced in obtaining work permits for expatriates have exacerbated the problem. Letšeng therefore invests in creating a sustainable pool of suitably skilled employees by providing full tertiary scholarships to Basotho students for courses related to the mining industry. The Letšeng mine invested US$60 000 in education in 2014 (2013: US$0.1 million). In addition to awarding scholarships to students, Letšeng offers internships to graduates, enabling them to gain valuable work experience and further their careers.