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Energy & Mining news

Carroll: splitting off SA platinum business 'not on the agenda'

5 Dec 2012 11:11
Outgoing Anglo American CEO Cynthia Carroll said on Tuesday the "spectre of nationalisation" that hung over the mining industry has been laid to rest, Mineweb reports. "The regulatory debate in South Africa has been going on for a very long time and is still not complete," Carroll said in a talk in Johannesburg, adding that proposals for a resource rent tax were "unnecessary and unwise".
The recent wave of violent wildcat strikes that had shut down large parts of its platinum unit (Amplats) have left more than 50 people dead, hit the company "very, very hard" and workers were still being threatened with violence if they disobeyed labour activists. She added that the unit was struggling to get all miners back to work.

According to Mineweb, Carroll said that the company would report on the outcome of the review of its South African operations early in the New Year. She insisted, however, that splitting-off the South African platinum business was "not on the agenda".

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