Anglo’s Cutifani says UK group happy to open up broad skills base to embattled Eskom

Mark Cutifani, CEO, Anglo American

ANGLO American is open to approaches by government on any assistance it might be able to give SA’s power utility Eskom, CEO Mark Cutifani said on Wednesday evening.

“If we can help in any way, shape or form with the work on Eskom or any of the institutions then we are willing to understand how we can make a contribution,” he said.

Cutifani was speaking at an end-of-year media function a day before Eskom releases its interim financial results for the period to end-September. The utility is battling with a range of financial and operational problems including R450 billion of debt it is unable to service and ageing power stations prone to frequent breakdowns.

“We have to be careful that doesn’t come across as arrogant,” Cutifani said. “We aren’t suggesting we know better than anyone else, but as an organisation with more than 70,000 employees in South Africa we have a broad skills base that should be available for national projects.

“Our role is more than just digging a hole, producing a product and employing people – we want to be seen as part of the community.”

Cutifani said Anglo is committed to its operations in South Africa, which generate good returns, but it believes there is still more it can do. It has made ongoing pledges of investment at recent conferences, including the presidential Investment Conference on November 6.

He said Anglo American is positive about the recent changes made to the controversial Mining Charter and hopes to resolve the remaining issues without resorting to the courts.

1 COMMENT

  1. I am not an Anglo fan. I have always believed that with their rigorous rules and standards, their employees are no better than Government. No one able to make a decision. There is always someone higher up who must make the call.
    But in saying that. The suggestion is good.
    Years ago ( begin nineties) industry proposed to Government to assist them to modernise the mining titles office. That was rejected at the time with no good reason.
    With the mess that DMR finds itself in these days, industry can again play a role by seconding employees to assist with backlogs in processing applications and appeals, etc.
    Unfortunately the DMR do not realise how much trouble they are in. They do not realise that they play a major role in the demise of the exploration sector in SA with their lack of systems, corrupt and unhelpful behaviour of some officials. Legislation that are not being implemented properly or just badly drafted.

    It seems that no-one is taking this seriously and if we start to rely on Anglo and the big companies only for assistance then we will be in huge trouble. They are not interested in building capacity in SA. They are not expanding. Most of them have old mines which will close in the next few years. Take the gold mining companies for example. They are exiting SA and is actually in closure mode.

    If, assistance is to be given, it need to be from the sector as a unit, The big companies, Mineral Council, SAMDA, everybody must join forces and come to an agreement with DMR on how to assist.
    And DMR must show some trust. The Industry is not the enemy.

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