[miningmx.com] – ANGLO American would stay invested in South Africa provided it remained profitable to do so, said Bloomberg News citing comments by the mining group’s CEO, Mark Cutifani.
“We will continue to support South Africa, but at the same time we have to remain profitable,’ Cutifani said while attending the start of work on a $2bn expansion of the Venetia diamond mine which is owned by Anglo’s 85% controlled De Beers.
“Sometimes we have to make tough decisions and make sure we get that balance right,’ said Cutifani.
The expansion of Venetia includes enlarging its open pit and developing an underground mine that will see the operation continue to beyond 2040.
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