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The Citizen reports that independent nongovernmental organisation the Bench Marks Foundation (BMF) on Wednesday called on Anglo American Platinum Corporation (Amplats) to develop a comprehensive accounting model that fully disclosed all benefits to employees and local communities.
Speaking in Johannesburg at the launch of BMF’s latest study, Critical Analysis of Amplats Sustainable Development Reporting from 2003 to 2015, executive director John Capel said the report had highlighted many shortcomings in Amplats’ sustainable development reporting. He said most mining companies regarded shareholders and owners “as the most important stakeholders and ones to which attention must be paid”. But, mining “would not be possible without the land from which the minerals are extracted; communities who live on top of this land and the workers whose labour results in the extraction of the minerals.” Capel pointed out: “In the vast majority of cases, these stakeholders – environment, community, workers – are at the bottom of the pile of priorities, if they are on the list at all.” The study found the revenue value of Amplats was “not fairly shared” in 2008, with shareholders pocketing R15.2 billion (29.7%), workers getting R8.8 billion (17.3%) and the local community being offered a mere R21 million (0.07%) towards corporate social investment.
- Read this report by Brian Sokutu in full at The Citizen
- Read too, Miners ‘must commit to social benefits before getting licences’, at The Citizen
- And also, Amplats ‘must lose mining licence if workers’ housing not addressed’, at The Citizen
Get other news reports at the SA Labour News home page