Anglo American has been instrumental in creating some of the most significant empowerment companies in the country, even before the Mining Charter came into effect in 2004. A number of these empowerment companies that have been created through these empowerment transactions – such as African Rainbow Minerals, Royal Bafokeng Platinum, Exxaro Resources, Mvelaphanda Resources (which has since become Northam Platinum), Ponahalo and, most recently, Siyanda Resources and Seriti Resources – are leading companies in the mining industry today.
Since 1994, Anglo American has undertaken in excess of 40 empowerment transactions, collectively valued at more than R71 billion (at the time of the transactions). At the end of 2017, HDSAs had acquired more than 30% of Anglo American's businesses in South Africa. This includes the sale of Union Mine to Siyanda Resources and the sale of Eskom-tied coal mines to Seriti, which were finally concluded in February and March 2018 respectively.
Anglo American plc, Platinum and Kumba are listed entities whose shares may be traded on the Johannesburg Stock Exchange and, in the case of Anglo American plc, on the London Stock Exchange too.
Black shareholders have an economic interest in about 6.6% of the shares of Anglo American plc via mandated investments; furthermore, 2% of Anglo American Platinum and 1% of Kumba are directly owned by HDSA interests in mandated investments. At the end of 2017, these shareholdings were worth approximately R26 billion.
Ownership acquired by HDSAs
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| Actual shareholding at the end of 2017 | Kumba | Coal | Platinum | DBCM |
|---|---|---|---|---|
| Effective shares held by HDSA-controlled entities | 9% | 2% | 2% | 26% |
| Entrepreneurs (effective) | 6% | 2% | 0% | 7% |
| Employees (past and present – DBCM only) | 0% | 0% | 0% | 13% |
| Community | 3% | 0% | 2% | 6% |
| HDSA shareholding via mandated investments | 4% | 7% | 8% | 4% |
| Anglo American plc indirect effective interest | 3% | 7% | 5% | 4% |
| Direct interests | 1% | 0% | 2% | 0% |
| Actual effective shareholding 31 December 2017 | 13% | 9% | 10% | 30% |
| Portion of business sold to HDSAs (Mining Charter) | Kumba | Coal | Platinum | DBCM |
|---|---|---|---|---|
| Portion of business acquired by HDSA-controlled entities | 29% | 61% | 43% | 26% |
| Entrepreneurs | 20% | 61% | 23% | 7% |
| Employees (past and present – DBCM only) | 6% | 0% | 2% | 13% |
| Community | 3% | 0% | 18% | 6% |
| HDSA shareholding via mandated investments | 4% | 7% | 8% | 4% |
| Anglo American plc indirect effective interest | 3% | 7% | 5% | 4% |
| Direct interests | 1% | 0% | 2% | 0% |
| Total HDSA interest | 33% | 68% | 51% | 30% |
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