Anglo American Platinum to transfer R2bn value to communities

Platinum group metals mining and marketing company Anglo American Platinum on Tuesday announced shared value worth R2-billion for host and labour-sending communities one year early as a result of recent strong share price performance. The settlement will result in R2-billion of value transferring to these communities through regional development trusts, which will focus on advancing broad-based community development including infrastructure, education and health developments, as well as improving livelihoods. It is part of the Alchemy community share scheme established nine years ago.