anglo ceo south africa mine threats unacceptable
Last Updated : GMT 17:26:59
Arab Today, arab today
Arab Today, arab today

Anglo CEO: South Africa mine threats unacceptable

Arab Today, arab today

Arab Today, arab today Anglo CEO: South Africa mine threats unacceptable

Cape Town - AFP

The South African government\'s threat to review mining licences of firms planning job cuts are unacceptable and risk thwarting investment, Anglo American\'s incoming chief executive warned Thursday. Mark Cutifani said threats to the mining giant\'s operating license, made by the minister of mines after Anglo announced 14,000 job cuts were \"out of order.\" \"I hope after the hue and cry from investors all around the world... we\'ve all learned the lesson that we shouldn\'t be threatening licences.\" The outgoing AngloGold Ashanti chief insisted that strike-hit mining companies were trying to stay alive and make sure they have \"an operation that will last.\" Anglo\'s platinum division, known as Amplats, announced the cuts last month amid plans to close four shafts and sell one mine. This week it posted a nearly 1.5 billion rand ($165 million, 121 million euro) net loss for 2012 when unrest flared across the industry and killed more than 50 people. The \"South African mining industry is flat,\" said Cutifani, saying the Johannesburg Stock Exchange All Share Index was up 60 percent since 2007. \"The country that has defined the largest economic resource in the world, in terms of the mining industry, has actually declined 30 percent in real terms in the last six years. That\'s not good enough.\" Cutifani will take over the reins at Anglo in April. Speaking also as president of South Africa\'s industry body Chamber of Mines, he said the parties had started a constructive dialogue and \"carefully crafted\" words were needed. \"We do have some challenges and I think the most difficult issue is at the moment the industry and the government is shouting at each other from our respective corners,\" he said. \"I think we have to put our differences aside and understand that they are there, to acknowledge those differences and start talking and engaging in a way that will change the industry and the country together for good.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

anglo ceo south africa mine threats unacceptable anglo ceo south africa mine threats unacceptable

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

anglo ceo south africa mine threats unacceptable anglo ceo south africa mine threats unacceptable

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Online exhibit shows hidden depths of

GMT 11:45 2017 Thursday ,23 November

Online exhibit shows hidden depths of
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday