A confidential peek given by the South African government to the revised Mining Charter was “very encouraging”, AngloGold Ashanti CEO Mark Cutifani said last week.
Cutifani said, in response to a question from JP Morgan mining analyst Allan Cooke, that the Department of Mineral Resources (DMR) had completed the Mining Charter review process and had been in dialogue with various stakeholders.
After posting record fourth-quarter headline earnings of $228-million, which prompted the company to raise the dividend, Cutifani said that, while he was not at liberty to share the contents of the dialogue, he could say that the conversations had been “very constructive”.
“We’re working together to come together at a summit at the end of March,” Cutifani said.
While the review remained subject to confidential conversation, he could say that the DMR had taken the industry into its confidence.
He described the recent comments of Mineral Resources Minister Susan Shabangu as being “very positive” and everything that the industry had witnessed from the DMR had been “absolutely consistent” with the profile that the Minister had adopted.
He said he had attended a briefing in January when both Shabangu and DMR director-gen- eral Sandile Nogxina had been constructive.
“It’s a working group coming together, looking at how we can close the gap on the performance in the Mining Charter and, at AngloGold Ashanti level, we believe that we are very well positioned on all aspects.
“There’s work for everybody to do and I’m very encouraged by the dialogue and I think the outlook is very positive and the conversation around the Mining Charter has been very constructive,” Cutifani reiterated.