AngloGold’s mining rights under threat over BEE ‘misrepresentation’

A directive issued from the department’s Gauteng district office has ordered the company to apply for the amendment of its rights, which were granted more than a decade ago.

The reason for the directive is a complaint to the Public Protector that AngloGold misrepresented the BEE structure it would implement in 2006. AngloGold told City Press that it had duly submitted an application to amend the problematic clauses in its mining right. This structure was widely publicised in press releases, and AngloGold always correctly reflected it in its public financial reports.

“In respect of the implementation of the transaction, no error was made, deliberately or otherwise,” said AngloGold’s Nthite.It said: “The department of mineral resources was responding to the request from the Public Protector and made it clear to AngloGold that the investigation was a result of a complaint by minorities lodged with the Public Protector.

The original complaint to the Public Protector came from an aggrieved former employee, AngloGold’s vice-president of sustainability for the South African region, Simeon Moloko, who would have been responsible for BEE reporting, among other things.He is simultaneously pursuing a labour dispute with AngloGold after allegedly suffering a constructive dismissal – a legal term for being forced to quit due to unbearable employment conditions.

Source: News Formal (newsformal.com)

Contrary to what AGA Spokeperson is saying,and Ad Zi stayed to my submissions to the Minister and the Public Protector,the misrepresentation was deliberate.I am awaiting their Media Statement to see whether they continue with this lie.

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