Anglo American (“the company”) notes the publication for comment of the draft reviewed Mining Charter in the Government Gazette by the Department of Mineral Resources (“the DMR”).

The company has consistently affirmed its support for the aims of the Mining Charter, and acknowledges its role under the legislation governing the mining industry and promoting transformation in South Africa.

Anglo American views the decision to publish the draft review prior to seeking input from the mining industry as premature. Furthermore, the retrospective application of the draft Charter to our existing mining rights is subject to the same principles as the application brought by the Chamber of Mines, which is currently before the North Gauteng High Court (Pretoria). The current draft review of the Charter represents solely the view of the DMR and needs to be comprehensively reconsidered to ensure that South Africa can once again be a preferred investment destination for the mining industry.

Anglo American will further study the draft revision of the Charter and work closely with industry peers and the Chamber of Mines to engage with the DMR in order that we work towards supporting recovery, investment and growth in the mining industry to benefit all stakeholders.