ANC’s Mining Charter response ‘very constructive’ – Anglo

The response of South Africa’s ruling African National Congress (ANC) party at its recent policy conference, that further discussion is required on the controversial Mining Charter Three, to ensure that investment and employment levels are not negatively affected, has been described as “very constructive” by Anglo American CEO Mark Cutifani. Responding to journalists’ questions following Anglo’s posting of strong half-year earnings that hit the $1.5-billion mark and cash flow that soared to $2.7-billion, Cutifani said Anglo was supportive of the legal course of action being followed by the Chamber of Mines, with the ultimate objective being arriving at a solution that was practically implementable and that preserved and enhanced investment in what is a critically important South African industry.