Anglo American partners with DIRCO in support of fifth BRICS Summit

To be held on African soil for the first time, the 2013 BRICS Summit will be hosted from 26 to 27 March in South Africa at the Durban International Convention Centre (ICC), with talks representing spheres of political and economic coordination. In line with Anglo American’s drive to work with government on shared goals and objectives, the company will be partnering with the Department of International Relations and Co-operation (DIRCO) in hosting the fifth annual BRICS Summit.

In line with Anglo American’s drive to work with government on shared goals and objectives, the company will be partnering with the Department of International Relations and Co-operation (DIRCO) in hosting the fifth annual BRICS Summit. The Summit will be hosted from 26 to 27 March 2013 in South Africa at the Durban International Convention Centre (ICC).

Anglo American is one of a host of South African companies partnering DIRCO in support of the BRICS Summit. Anglo American’s support of the BRICS Summit is indicative of its commitment to the future of South Africa and its proud 96 year history in the country. Four of Anglo American’s core commodities are in South Africa, namely platinum, diamonds, iron ore and thermal coal, while four of its business unit’s CEOs are based in the country.

In 2012, 35% of the Group’s operating assets, 45% of its revenue and 54% of its operating profit originated in South Africa. The Group is also a significant investor in the country, having invested R173.4bn ($23.9bn) in Capex between 1999 and 2011, and paid R14.14 billion in direct and indirect taxes in 2012. Further, Anglo American is a major contributor to South African foreign earnings, having generated export revenues of R103.1 billion in 2012, with the market capitalisation of the company representing 8% of the value of JSE top 100, as of 31 December 2012.

Anglo American executive director in South Africa Khanyisile Kweyama concludes that the company is proud to be involved with the BRICS summit, and plans to use the platform to provide valuable assistance. “Undoubtedly, the BRICS summit in Durban offers a unique opportunity for BRICS countries to extend and advance their co-operation in ways that meaningfully promote the economic development agenda of other developing countries and regions.

“Anglo American is therefore proud to have the opportunity to be involved with the BRICS Summit, and welcomes the summit’s efforts to strengthen relationships and trade partnerships between the BRICS countries.”

Author: Press Release

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