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The Citizen reports that Anglo American’s decision to significantly reduce its presence in SA has been labelled as a betrayal by mining community representative Boyce Kunupi.
The mining giant has announced a merger with Canadian Teck Resources to form Anglo Teck, with headquarters to be in Vancouver, Canada. Anglo will still have offices in London and Johannesburg, while retaining its primary stock listing in London and listing on the Johannesburg, Toronto, and New York stock exchanges. Despite the mining giant stating it would continue to honour its commitments in SA, Kunupi, who serves on the Tlou Mogale Foundation, said the mining giant has broken its promises to the mining community in the country.
Referring to the Mineral and Petroleum Resources Development Act (MPRDA), Kunupi pointed out that mining companies were legally required to give back to the communities where they operated. For any mining company to obtain a mining right, it must submit a social and labour plan (SLP) that outlines how it will create jobs, train local people and invest in community development projects, such as schools, clinics or roads. According Kunupit, Anglo American has not done this adequately and still owes many communities much of what was promised. Reducing its footprint in the country could mean it will no longer give back to mining communities. He added that the company’s decision meant disinvestment in the country, as it would result in fewer jobs and further damage to the GDP.
- Read the full original of the report in the above regard by Tshehla Cornelius Koteli at The Citizen
- Read too, Anglo chief blames decades of poor policy for SA’s missed mining boom, at BusinessLive
Get other news reports at the SA LabourNews home page