Archive | Africa Mining

Mining Corporate Social Responsibility, Barrick Gold and Bill C-300 – by Stan Sudol

Stan Sudol is a Toronto-based communications consultant, who writes extensively about mining issues.([email protected])

As a child of Polish immigrants who came to Canada after the Second World War and settled in the nickel mining centre of Sudbury, Ontario, I witnessed the stable and prosperous life my parents had due to my father’s life-long employment at Inco Limited. In the mid-seventies, I also had the good fortune to work at Inco’s Clarabell Mill for one year before going to college and spent one summer underground at their Frood-Stobie Mine which help pay for my college education.

So I am always surprised about the bad press and demonization major mining companies receive about their activities in lesser-developed countries and am very concerned about Bill C-300, the proposed federal anti-mining legislation introduced by a Liberal backbencher.

Take for example Barrick Gold’s annual meeting to shareholders in Toronto last April where many protesters gathered to denounce the company’s activities in their home countries. Chairman Peter Munk, is a Hungarian-Jew who escaped his Nazi-occupied homeland in 1944 and immigrated to Canada after the Second World War where he founded Barrick in 1983. During his presentation to shareholders, he had a few choice comments about the anti-mining NGOs.

“By moving into these countries and developing their mines, we provide – way beyond the importance of money – we provide human dignity,” Peter Munk said. “We provide an opportunity for these people to earn their money, rather than hold out their hands and depend on charity.”

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Anglo American Chairman Sir Mark Moody-Stuart Speech to the Leadership Conference on Global Corporate Citizenship in New York (January, 29, 2009)

This speech by Anglo American Chairman Sir Mark Moody-Stuart is an excellent example of the mining sector’s corporate social responsibility initiatives throughout Africa – Stan Sudol

Anglo American is one of the world’s largest mining companies focusing on platinum group metals, diamonds, copper, nickel, iron ore, metallurgical and thermal coal. For more info about their corporate social responsibility initiatives, go to: http://www.angloamerican.co.uk/aal/siteware/docs/sd-report-2009.pdf

Anglo American Chairman Sir Mark Moody-Stuart

Mining companies don’t normally get much publicity and when we do, it tends not to be particularly positive. Nor are our products well-known
brands – for good reason. We don’t sell at JC Penney or Wal-Mart. Unlike our colleagues in the oil and gas sector, we don’t sell at the gas station. We produce commodities that are vital for modern society in a whole host of ways. But I confess I’ve never heard a dinner-table conversation revolve around whether someone’s home electrics are built with Anglo American copper, or their car’s catalytic converter with Anglo American platinum.

Both are possible: indeed the latter is quite likely, since Anglo American is the world’s leading primary producer of platinum, and platinum is a key element in cleaning exhaust emissions. Our other core businesses include base metals – copper, nickel, zinc; iron ore; coal; and diamonds – we are the largest shareholder in De Beers.

We are present in about 45 countries around the world, and employ some 190,000 people. Speaking here in New York, I guess I owe you a word of explanation about our name. We do not have major operations in America. But the United States did play a vital part in our history, alongside the United Kingdom, as these two countries were the source of the original capital that was raised by our founder Sir Ernest Oppenheimer to establish the company, over 90 years ago now, in 1917 in South Africa.

Despite being one of the largest mining companies in the world, with operations in so many countries, the reality of our business is that we sell
into bulk commodity markets. Commodity markets care a great deal about quality of the product; but quality aside, they don’t really care who
produces the metals. The result? We are not known as a brand by the general public. Continue Reading →

Anglo American CEO Cynthia Carroll – Speech to the Mining Indaba Cape Town, 2 February 2010 – “Making a Real Difference”

Anglo American CEO Cynthia Carrol

Mining Indaba is the world’s largest gathering of mining’s most influential stakeholders and decision-makers vested in African mining.

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“Making a Real Difference”

Minister Shabangu, fellow delegates… Good morning, everybody. Once again, it’s a great pleasure to address the Mining Indaba……one of the foremost events in the mining calendar.

This morning I’d like to talk to you on three main topics:

•First Anglo American itself and how we’ve restructured the business to drive sustainable long-term performance and how we’re positioned optimally for economic recovery.
•Second some of the great challenges our industry is facing energy, water, sustainability and climate change.
•Third the continued good progress that Africa is making on both the political and economic fronts.
•And, finally, a few words on the outlook for the mining industry.

Let me start with the excellent progress we have made at Anglo American. Anglo American is a leading global mining company, and the biggest mining company on the African continent. Our roots were planted here in South Africa more than 90 years ago, and we have grown now to market capitalisation of around 370 billion rand or $50 billion.

Anglo American’s mining focus is on those commodities with the most attractive longterm through-the-cycle returns. Continue Reading →

Canadian Women In Mining Townships Project Offers Choice of Three Mining Moguls – by Marilyn Scales

Marilyn Scales is a field editor for the Canadian Mining Journal, Canada’s first mining publication. She is one of Canada’s most senior mining commentators.

What do Eric Sprott, Rob McEwen and Frank Guistra have in common? They have volunteered to be the prizes in a draw of people who donate to The Townships Project, a cause supported by the Women in Mining (WIM) networks in Vancouver and Toronto. Three winners whose names are drawn will have a one-on-one meeting with a mogul.

The Townships Project is a Canadian-based registered charity that supports microloans for South Africans (mainly women) to start up or expand their own sustainable business. A $50 loan can change a life by breaking the cycle of poverty. And because loan repayment is better than 95% the money keeps on working over and over again.

WIM aims to raise $250,000 for the Townships Project. The campaign got off to a great start when its Bedrock sponsor, Homeland Energy, donated $50,000. Corporate sponsors and individuals will be recognized for donations of $25,000 (gold), $10,000 (silver) and $2,500 (patron). Every donation brings the project closer to its goal, and small donations add up quickly. But hurry. The contest ends on March 1, and the winners will be announced at the Prospectors and Developers Association of Canada convention in Toronto on March 3, 2009.

Canada’s WIM network is 600 strong, half in Toronto and half in Vancouver. This is the group that raised $239,000 for breast cancer research in 2007. Support WIM. Go to www.Women-In-Mining.com to donate today.

Honourable Buyelwa Sonjica – South Africa Minister of Minerals & Energy – 10th China Mining Conference, Beijing, China

Honourable Buyelwa Sonjica – South African Minister of Minerals & Energy10 November 2008

Programme director,
Minister of Land and Resources of the People’s Republic of China, Minister Xu Shaoshi,
Captains of the mining industry from South Africa, People’s Republic of China and elsewhere in the world,
Distinguished guests,
Ladies and gentlemen,

It is a great honour for me to extend a warm welcome to you this morning to the South African Mining Seminar here in China. As South Africa celebrates the 10th successive year of diplomatic relations with the People’s Republic of China, depicting the political will of the respective countries to co-operate on various areas on common interest, we deemed it appropriate to assemble a multi-stakeholder platform, with particular emphasis on reciprocal investment prospects between the two countries.

The seminar is intended to focus on existing opportunities for Chinese and other foreign companies here present to partner with South African companies and communities in the mining industry. Notwithstanding the current financial challenge, which we project will have a limited shelf life, I believe that the relationships envisaged between our respective companies are intended for long-term periods.

One of the oldest Chinese proverbs has never been more applicable than today, namely: “A journey of a thousand miles begins with one step”. We all should remember that when former President Mandela announced South Africa’s intention to recognise the People’s Republic of China ten years ago, that was indeed a small step. In this context I believe South Africa’s journey with the People’s Republic of China has progressed remarkably towards its intended objective of increasing bi-national trade.

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Is China Buying Africa? – by Paul Stothart

Paul Stothart - Mining Association of CanadaPaul Stothart is vice president, economic affairs of the Mining Association of Canada. He is responsible for advancing the industry’s interests regarding federal tax, trade, investment, transport and energy issues.

In a recent column, I noted that China remains the prime driver of world mineral prices. In building a domestic infrastructure for 1.3 billion people, while expanding its role as the world’s factory, China simply cannot meet its burgeoning demand for copper, zinc, nickel, and other raw materials. In response to this growing gap, China now imports $100 billion worth of base metals annually, buying 25 per cent of the world’s supply today versus a 5 per cent share in the 1980s. As a specific example, China’s share of world consumption of zinc has tripled from 10 to 28 per cent in a mere decade, while the US share has fallen from 16 to 10 per cent.

This dramatic growth in raw material demand is one of the central factors leading to a second, equally significant development; namely that China is becoming an important catalyst to the growth of Africa—a continent that offers untapped raw material supply and market demand potential. In decades past, few observers of global economic development would have envisioned the emergence of such a linkage. Few thought beyond the traditional model, where aid flows from the west would supposedly some day pull Africa to a more advanced state of development.

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Planning For the End of the Mine, Right From the Beginning by Paul Hollesen – AngloGold Ashanti

Paul Hollesen - AngloGold AshantiThe International Council on Mining and Metals (ICMM) is a CEO-led industry group that addresses key priorities and emerging issues within the minerals sector. The following article came from the ICMM newsletter.

Planning for mine closure should be a core part of the business, involving local communities and other stakeholders. AngloGold Ashanti’s Paul Hollesen introduces a new ICMM guide on the topic and makes the case for a more integrated approach.

Paul Hollesen

ICMM’s soon-to-be published Planning for Integrated Mine Closure offers valuable guidance for a key challenge in the mining sector: closing a mine in a sustainable manner. After all, what happens at a site after it is closed is what ultimately defines its long-term environmental impact and a significant part of its contribution to an area’s social, economic and institutional development.

One catalyst for the new guide was the 2002 report of the Mining, Minerals and Sustainable Development Project. This noted that “the planning and development of any mining project needs to be aimed at creating durable benefits on a number of scales” and that the social and economic dimensions of closure planning frequently receive insufficient attention.

Further Improvement Required

In 2006 ICMM conducted a survey of the status of integrated mine closure planning within the industry. This study found numerous examples of leading practices but also a number of areas that required further improvement. It was clear that more consistent implementation of good practices is required throughout the mining sector and the guide is designed to support this goal.

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Honourable Buyelwa Sonjica – South Africa Minister of Minerals & Energy – Mining Indaba Conference Speech in Cape Town

Introduction

Programme director
Honourable Ministers
Distinguished guests
Senior Government Officials

Ladies and gentlemen

On behalf of the people of South Africa, I extend to you all a warm and hearty welcome as we convene for the 13th annual Mining Indaba Conference here in Cape Town. It is apt for me to congratulate the organisers of this conference, the IIC, for continuing to successfully facilitate this level of knowledge and information exchange among stakeholders in the mining industry. I am pleased to see my counterparts from other parts of the continent as well as local and international participants at this critical juncture in the mining industry.

The past few weeks have been characterised by global economic instability, which is being underpinned by news of the looming economic recession in the USA. The mining industry has not been immune to this development, although we view this development as a short-term correction and believe the fundamentals remain in place for a prolonged demand growth for the bulk of the mineral commodities.

The African Economic Reforms

Since the late 1970s, the African countries have been in search of a policy framework to guide a continent wide fundamental socio-economic transformation that would enable them to overcome the pervasive structural weaknesses. It was not until the last decade or so, that African countries undertook economic reforms to invigorate their respective economies through positive development philosophy. Continue Reading →

Honourable Buyelwa Sonjica South Africa Minister of Minerals & Energy – An Introduction

Honourable Buyelwa Sonjica - South Africa Minister of Minerals & EnergyBuyelwa Patience Sonjica was appointed to the high-profile position of South Africa’s Minister of Minerals and Energy on May 22, 2006, after serving as Minister of Water Affairs and Forestry from April 2004 to May 2006. Before that post, she served as Deputy Minister of Arts, Culture, Science and Technology.

Ms. Sonjica’s interesting and extensive political career began in 1976 when, inspired by the Black Consciousness Movement, she became involved in student politics in the East London area of South Africa. She also joined the activities of the Mass Democratic Movement, including the United Democratic Front (UDF) and the National Education Union of South Africa (NEUSA). She then became an active member of the South African Democratic Teachers Union (SADTU) from its inception.

Her academic qualifications include a Secondary Teachers Certificate and a Bachelor of Arts degree, both from Vista University, Port Elizabeth, and a Bachelor of Arts honours from Rhodes University, Grahamstown, South Africa. She is also currently attaining a Diploma in Economics at the University of London.

Between 1992 and 1994, Ms. Sonjica was elected to the Regional Executive Committee of the African National Congress (ANC), ANC Women’s League (ANCWL), and ANC Regional Working Committee. She headed the ANC’s Department of Arts in the old Eastern Cape region, involved in both the transformation of the arts and the development of the ANC policy under famed South African writer, poet and politician Wally Serote, then national co-ordinator.

In 1994, she was elected to Parliament serving on the first Parliamentary Portfolio Committee of Arts and Culture. She also served on the portfolio committees on finance, trade and industry, as well as water affairs and forestry. In 1995, she became Chairperson of the Select Committee on Child Care Facilities.  From 1994 till 1999, she was an ANC Whip.

Ms. Sonjica was born on March 23, 1950.

Bio Supplied to Republic of Mining.com

Anglo American CEO Cynthia Carroll – Amsterdam GRI Conference Speech – Sustainable Development and Sustainable Development Reporting – A Business Perspective

Anglo American CEO Cynthia CarrollIt is an honour to address such an assembly – and to be able to contribute to the debate about the future of company reporting of our non-financial impacts on the societies in which we work.

I would like today to look at various aspects surrounding sustainable development from a business perspective as the head of Anglo American plc.

I will start by introducing the company and will then move on to issues that concern us all, which include:

• the sustainable development challenge for the natural-resource industry;
• the problems surrounding water;
• the world’s future energy demands;
• Anglo American’s ‘clean’ initiatives and what we are doing to stay in the forefront of the sustainable development field
• the need for greater transparency in our SD partnerships and SD reporting.

Anglo American is one of the world’s top five mining groups and occupies a position in the top ten of the London Stock Exchange’s FTSE 100 Index. It has a market capitalisation of about 90 billion dollars.

We have a presence in 45 countries, stretching from Alaska to Australia and from Chile to China. Outside of the oil and gas sector, we are Africa’s leading investor.

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Barrick Gold/NGO Partnership Makes Dental Care in Tanzania a Reality

Dentist from Bridge2Aid in Rural Tanzania Photo Supplied by Barrick GoldOver 5,000 villagers living in Tanzania’s Lake Victoria area have received free emergency dental care, thanks to a unique partnership Barrick established with Bridge2Aid in 2003. Bridge2Aid is a British NGO specializing in providing dental care in Tanzania, where experts estimate 70 to 90 per cent of the population have no access to dental care.  

Barrick’s involvement began five years ago, when the company’s chief medical officer, Dr. Rob Barbour, recognized that dental problems were becoming increasingly serious at the Bulyanhulu mine in Tanzania. In many cases, employees were experiencing significant pain and infection associated with oral health issues. At that time there was only one option: patients were referred to a dentist in Dar es Salaam, over 800 kilometers away. As a result, employees spent more time away from the mine site and productivity began to suffer.

Meanwhile, for other residents living in the Lake Victoria area where Barrick’s mines are located, oral health care was virtually out of reach. This lack of accessible dental services reflects a larger, country-wide trend. Today in Tanzania there is only one dentist for every 300,000 people, in contrast to the United States where there is one dentist for every 1,700 people. Moreover, many economically disadvantaged Tanzanians lack the income to pay for and maintain good oral health.

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Anglo American CEO Cynthia Carroll – Cape Town African Mining Indaba Speech – Opportunities in Africa

Anglo American CEO Cynthia Carroll visits Anglo Platinum’s Amandelbult Mine - Anglo American Photo

Mr Chairman, honourable Ministers, ladies and gentlemen,

I was delighted to be asked to deliver the keynote address at this year’s mining Indaba, which as you know is one of the premier conferences of the mining industry. As chief executive of Anglo American, I head the mining group which for the best part of a century has been the leading mining investor and employer in Africa, and which today provides direct employment for around 150,000 people globally with 110,000 of them here in Africa.

In 1917, –Anglo American was born in Africa, and not only are our roots here but we retain a strong commitment to the continent. More than 40% of our assets are located in Africa. These include all the mining and refining operations of Anglo Platinum, the world’s number 1 platinum producer; many of Anglo Coal’s mines; and the great majority of the mines of our associate De Beers.

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Anglo American CEO Cynthia Carroll – An Introduction

Anglo American CEO Cynthia Carroll - Anglo American PhotoCynthia Carroll succeeded Tony Trahar as Chief Executive Officer of Anglo-American on March 01, 2007. As President and Chief Executive Officer of the former Alcan’s Primary Metal Group, her responsibilities include all of that company’s primary metal facilities, research and development, technology and power generation with 18,000 employees operating in 20 countries around the world. The then Primary Metal Group accounted for approximately $12 billion in turnover and 75% of Alcan’s earnings.

Cynthia Carroll started her career with Alcan in 1988 in the Rolled Products Group.  In 1991 she became the General Manager of Alcan’s U.S. Foil Products packaging business. She next served in Ireland as the Managing Director of Alcan’s Aughinish Alumina subsidiary. From 1998 to 2002 she was President of Alcan’s Bauxite, Alumina & Speciality Chemicals Group. Since 2002 Cynthia Carroll has worked to substantially reposition Alcan in the aluminium industry while simultaneously reducing costs, resulting in Alcan Primary Metal now achieving the highest profitability and returns in the history of the company.

During this time she led the successful integration of Pechiney’s primary metals business; developed a project pipeline of over $10 billion through the expansion of existing businesses, acquisitions and the development of new facilities in South Africa, China, Canada, Oman, and France; and achieved an over 80% improvement in Lost Time Accidents (LTAs). Prior to joining Alcan, Cynthia Carroll was a Senior Petroleum Geologist for Amoco in North America.

An American citizen, she has a Masters of Science degree from the University of Kansas and an MBA from Harvard University. Last August, according to Forbes Magazine’s one hundred most powerful women in the world list, Cynthia Carroll came in at number seven.

According to a recent Sunday Times profile titled, “Cyclone Cynthia Carroll shakes up Anglo”, she has modernized the company, repaired damaged relations with South Africa and is focusing on increasing value internally as opposed to looking for mergers or takeovers.