Orezone Announces Appointment of New Director
RETIREMENT OF DEPUTY CHAIRMAN - Mineral Deposits Limited©2006
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May 2012

Anglo American recently launched Zibulo Colliery in Mpumalanga, the first major project to be completed under its flagship empowerment company, Anglo American Inyosi Coal (Pty) Ltd. Formerly known as the Zondagsfontein project, Zibulo will supply both domestic and export quality coal. The construction of the mine, which began in 2008, represents a total capital investment of R4.2-billion.

Speaking at the opening ceremony in Ogies, minister of mineral resources, Susan Shabangu, said government was pleased to see empowerment deals that had significant participation by women and the communities that live around mining areas. “I would like to congratulate both Anglo American and Inyosi for the successful commissioning of Zibulo Colliery. A fully operational mine signifies progress and growth of Anglo American Inyosi Coal,” Minister Shabangu said. “We are all aware of the inequalities that exist in our society today. Government alone cannot meet all these challenges that face our people today.”

Norman Mbazima, chief executive of Anglo American’s Thermal Coal business and chairman of Anglo American Inyosi Coal (Pty) Ltd’s board said the partnership between Anglo American and Inyosi has delivered on its first project with excellent results. “Today marks an important milestone in the history of Anglo American Inyosi Coal. That we have been able to build and commission the first mine so soon after the company’s launch is testament to both parties’ commitment,” Mbazima said. He added that the mine was built at the height of the global financial crisis, which presented the company with a number of cost management challenges. “Despite this, we managed to have the first export coal from the Zibulo opencast section onto the train to the Richards Bay Coal Terminal on 30 October 2009,” Mbazima concluded.

Benefits to the local community
Apart from providing job opportunities to the local community in eMalahleni and in particular the nearby Phola Township, the mine has already invested more than R50.5-illion (to reach R60.5-million by end of 2012) in community projects.

Phola Township has benefited from investments in bulk supply services including the supply of clean water from the eMalahleni Water Reclamation Plant, sewer reticulation, environmental management and waste collection projects as well as a planned upgrade to the electrical supply infrastructure. The local community will benefit from Anglo American’s Zimele initiative, which will launch a small business hub in the area in 2012. Entrepreneurs will be able to apply for various financial support services from Zimele. The hub will also provide support to entrepreneurs with business plans, tender processes, access to infrastructural facilities like meeting areas, internet access, printing and photocopying.



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