Anglo American CEO urges public-private fix to Transnet crisis. miningnews
Anglo American’s on Monday called for a public-private partnership to improve performance at South Africa’s state-owned rail and port firm Transnet, whose failure to meet demand has hampered miners’ ability to export their products.
Africa’s most industrialized nation is also battling the worst power cuts on record by state-owned power utility Eskom, which meant precious metals unit Anglo American Platinum lost 3% of platinum group metals output last year. “The time it takes to get there and the fact that we find ourselves at the point of a crisis before it energizes everyone to come together … that is the frustration.”Global mining companies are hunting for minerals, including copper, needed to manufacture batteries, electric cars and renewable infrastructure that will help the world shift to a greener economy.
“We’d very much like to, that’s going to be down to the commercial terms we can land at the end of the day,” Wanblad said, adding that Anglo was not in talks to invest in any other assets in Africa.
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