Anglo's Mark Cutifani commits to SA, and welcomes improved Mining Charter
But the Anglo American CEO says the sector will find innovative suggestions to make the charter more palatable to investors
27 July 2018 - 05:37
byALLAN SECCOMBE
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Anglo American has no intention of selling South African assets and, while welcoming the improved Mining Charter, CE Mark Cutifani said the industry would come up with innovative suggestions to make it more palatable to investors, communities and labour.
Anglo’s South African assets, ranging from the most profitable platinum mine in the world, a large new diamond mine and an iron ore cash machine to coal and manganese operations, have long been the source of speculation about whether they should remain in the company.
Some analysts have suggested that they weigh on the London-listed company’s share price because of the regulatory uncertainty bedevilling SA’s mining sector, and that a lot of value could be unlocked by selling them.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Anglo's Mark Cutifani commits to SA, and welcomes improved Mining Charter
But the Anglo American CEO says the sector will find innovative suggestions to make the charter more palatable to investors
Image:
Anglo American has no intention of selling South African assets and, while welcoming the improved Mining Charter, CE Mark Cutifani said the industry would come up with innovative suggestions to make it more palatable to investors, communities and labour.
Anglo’s South African assets, ranging from the most profitable platinum mine in the world, a large new diamond mine and an iron ore cash machine to coal and manganese operations, have long been the source of speculation about whether they should remain in the company.
Some analysts have suggested that they weigh on the London-listed company’s share price because of the regulatory uncertainty bedevilling SA’s mining sector, and that a lot of value could be unlocked by selling them.
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