Johannesburg, South Africa — MININGREVIEW.COM — 21 February, 2008 – The Department of Minerals and Energy (DME) has confirmed the award of new order mining rights for all of Anglo American’s South African mining operations in platinum, coal, iron ore and base metals.
A media release issued here today says Anglo American and the DME have made significant progress over the past few weeks regarding the group’s performance in meeting the requirements of the Mining Charter and contributing to Black Economic Empowerment in respect of Anglo American’s South African mining operations.
“As a result,” the release continues, “the DME and Anglo American have reached agreement on all remaining matters regarding mining rights conversions, subject to completion of the outstanding documentation. This is in respect of new order mining rights for all of Anglo American’s South African mining operations in platinum, coal, iron ore and base metals. As a result, all conversions will be granted to Anglo American by 31 March 2008,” it confirms.
Commenting on the developments, DME director-general Sandile Nogxina said: “Anglo American is the largest mining company in South Africa, and has been at the forefront of creating sustainable Black Economic Empowerment over many years. I welcome the strong spirit of cooperation between Anglo American and the DME, and look forward to a continued relationship which is both positive and productive,” he added.
Anglo American CEO Cynthia Carroll, said, "I am delighted with the progress that we have made towards our goal of establishing significant and meaningful Black Economic Empowerment across all our businesses in South Africa, and that agreement has been reached regarding Anglo American’s new order mining rights. This is a landmark achievement for the group and for the many black empowered businesses with which we are partnered. It provides our business with greater certainty in South Africa, and enables the group to continue to make a strong contribution to South Africa’s prosperity and economic growth," she concluded.