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Anglogold Ashanti Limited (ASX:AGG) said today that it has taken meaningful steps to comply with the transformation of South Africa’s mining sector.
Anglogold Ashanti is responding to an interim report by the South African government that the majority of companies in the country’s huge mining sector had not met their transformation responsibilities within the prescribed ten year period.
AGG says that it has complied with all improved standards including housing conditions for mine workers, community development and spending targets on training.
The Department of Mineral Resources in SA says it is approaching the Supreme Court for a ruling on whether or not black economic empowerment transactions completed after 2004 are to be recognised.
