DOCSLIB.ORG

Printmgr File

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Printmgr File Prospectus Supplement (to Prospectus dated April 1, 2019) AngloGold Ashanti Holdings plc $700,000,000 3.750% notes due 2030 Fully and Unconditionally Guaranteed by AngloGold Ashanti Limited The 3.750% notes due 2030, or the “notes”, will bear interest at a rate of 3.750% per year. AngloGold Ashanti Holdings plc, or “Holdings”, will pay interest on the notes each April 1 and October 1, commencing on April 1, 2021. Unless Holdings redeems the notes earlier, the notes will mature on October 1, 2030. The notes will rank equally with Holdings’ existing and future senior, unsecured debt obligations and the guarantee will rank equally with all other existing and future senior, unsecured debt obligations of AngloGold Ashanti Limited. Prior to July 1, 2030, Holdings or AngloGold Ashanti Limited may redeem the notes, in whole or in part, at any time and from time to time at the “make-whole” redemption price described under the heading “Description of Notes—Optional Redemption”. On or after July 1, 2030, Holdings or AngloGold Ashanti Limited may redeem the notes, in whole or in part, at any time and from time to time at a redemption price equal to 100% of the principal amount of the notes to be redeemed plus accrued and unpaid interest thereon to, but not including, the redemption date, as described under “Description of Notes—Optional Redemption”. Holdings may also redeem the notes in whole, but not in part, if certain tax events occur as described in this prospectus supplement. In addition, upon the occurrence of both (i) a change of control of AngloGold Ashanti Limited and (ii) a rating downgrade of the notes by each of Fitch Ratings, Inc., Moody’s Investors Service, Inc. and Standard & Poor’s Ratings Services within a specified period, Holdings will be required to make an offer to purchase the notes at a price equal to 101% of its principal amount plus accrued and unpaid interest, if any, to the date of repurchase. The notes will be issued in denominations of $200,000 and integral multiples of $1,000. We will apply to list the notes on the New York Stock Exchange. No assurance can be given that such application will be approved or that any of the notes will be listed. Currently, there is no public market for the notes. You should carefully review the risks and uncertainties described under the heading “Risk Factors” starting on page S-17 of this prospectus supplement to read about factors you should consider before investing in the notes. Neither the United States Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus supplement and the accompanying prospectus. Any representation to the contrary is a criminal offense. Per note Total Initial public offering price (1) ............................................................ 99.678% $697,746,000 Underwriting discount .................................................................. 1.000% $ 7,000,000 Proceeds, before expenses, to AngloGold Ashanti Holdings plc (1) ............................... 98.678% $690,746,000 (1) Plus accrued interest, if any, from October 1, 2020. The underwriters expect to deliver the notes to purchasers in book-entry form only through the facilities of The Depository Trust Company for the accounts of its direct and indirect participants (including Euroclear Bank SA/NV and Clearstream Banking, S.A.) on or about October 1, 2020. Joint Book-Runners Barclays BMO Capital Markets BNP PARIBAS BofA Securities CIBC Capital Markets Citigroup Deutsche Bank J.P. Morgan RBC Capital Markets Scotiabank Standard Chartered Bank Passive Book-Runner ANZ Prospectus Supplement dated September 28, 2020 TABLE OF CONTENTS Prospectus Supplement Page ABOUT THIS PROSPECTUS SUPPLEMENT ............................................... S-ii WHERE YOU CAN FIND MORE INFORMATION .......................................... S-ii NOTE REGARDING FORWARD-LOOKING STATEMENTS .................................. S-ii NOTICE TO INVESTORS ............................................................... S-iii ENFORCEABILITY OF CERTAIN CIVIL LIABILITIES ...................................... S-iv NON-GAAP FINANCIAL MEASURES .................................................... S-v DISCONTINUED OPERATIONS ......................................................... S-vi INCORPORATION BY REFERENCE ..................................................... S-vi SUMMARY ........................................................................... S-1 THE OFFERING ....................................................................... S-13 RISK FACTORS ....................................................................... S-17 DESCRIPTION OF CERTAIN OTHER INDEBTEDNESS ..................................... S-52 USE OF PROCEEDS ................................................................... S-54 CAPITALIZATION .................................................................... S-55 NON-GAAP RECONCILIATIONS ........................................................ S-56 DESCRIPTION OF NOTES .............................................................. S-61 BOOK-ENTRY, DELIVERY AND FORM .................................................. S-70 TAXATION ........................................................................... S-74 UNDERWRITING (CONFLICTS OF INTEREST) ............................................ S-80 LEGAL MATTERS ..................................................................... S-87 EXPERTS ............................................................................ S-87 Prospectus Page ABOUT THIS PROSPECTUS ............................................................. 1 RISK FACTORS ....................................................................... 1 WHERE YOU CAN FIND MORE INFORMATION ........................................... 1 FORWARD-LOOKING STATEMENTS .................................................... 2 ENFORCEABILITY OF CERTAIN CIVIL LIABILITIES ...................................... 2 ANGLOGOLD ASHANTI LIMITED ....................................................... 3 ANGLOGOLD ASHANTI HOLDINGS PLC ................................................. 4 REASONS FOR THE OFFERING AND USE OF PROCEEDS .................................. 5 PROSPECTUS SUPPLEMENT ............................................................ 6 SOUTH AFRICAN RESERVE BANK APPROVAL ........................................... 6 DESCRIPTION OF SHARE CAPITAL ..................................................... 6 DESCRIPTION OF ADSs ................................................................ 6 DESCRIPTION OF DEBT SECURITIES .................................................... 7 DESCRIPTION OF WARRANTS .......................................................... 22 DESCRIPTION OF RIGHTS TO PURCHASE ORDINARY SHARES ............................ 23 TAXATION ........................................................................... 24 PLAN OF DISTRIBUTION ............................................................... 24 LEGAL MATTERS ..................................................................... 26 EXPERTS ............................................................................. 26 S-i ABOUT THIS PROSPECTUS SUPPLEMENT This document consists of two parts. The first part is this prospectus supplement, which describes the specific terms of this offering of debt securities of AngloGold Ashanti Holdings plc guaranteed by AngloGold Ashanti Limited. The second part, the accompanying base prospectus, presents more general information. Generally, when we refer only to the “prospectus”, we are referring to the base prospectus, including the documents incorporated by reference in the base prospectus. If the description of this offering varies between this prospectus supplement and the accompanying prospectus, you should rely on the information in this prospectus supplement. We have not authorized anyone to provide you with information that is different to that in this prospectus supplement and the accompanying prospectus or in documents to which we have referred you in this prospectus supplement and the accompanying prospectus. This document may be used only where it is legal to sell these securities. The information in this document may be accurate only on the date hereof. Certain monetary amounts and other figures included in this prospectus supplement have been subject to rounding adjustments. Accordingly, any discrepancies in any tables between the totals and the sums of amounts listed are due to rounding. Unless the context requires otherwise, in this prospectus supplement, “Holdings” refers to AngloGold Ashanti Holdings plc and the “Company”, the “Group”, “we”, “our” or “us” refers to AngloGold Ashanti Limited and its consolidated subsidiaries. “AngloGold Ashanti” refers to AngloGold Ashanti Limited. In this prospectus supplement, references to rands, ZAR and R are to the lawful currency of the Republic of South Africa, references to U.S. dollars, dollar, US$ or $ are to the lawful currency of the United States, references to € and euro are to the lawful currency of the European Union, references to ARS and Argentinian peso are to the lawful currency of Argentina, references to AUD, Australian dollars and A$ are to the lawful currency of Australia, references to BRL are to the lawful currency of Brazil, references to TZS are to the lawful currency of the United Republic of Tanzania, references to GHS, cedi or Gh¢ are to the lawful currency of Ghana and references to £ or British pounds are to
Load more

Recommended publications
  • Arend J Hoogervorst1 B.Sc.(Hons), Mphil., Pr.Sci
    Audits & Training Eagle Environmental Arend J Hoogervorst1 B.Sc.(Hons), MPhil., Pr.Sci. Nat., MIEnvSci., C.Env., MIWM Environmental Audits Undertaken, Lectures given, and Training Courses Presented2 A) AUDITS UNDERTAKEN (1991 – Present) (Summary statistics at end of section.) Key ECA - Environmental Compliance Audit EMA - Environmental Management Audit EDDA -Environmental Due Diligence Audit EA- External or Supplier Audit or Verification Audit HSEC – Health, Safety, Environment & Community Audit (SHE) – denotes safety and occupational health issues also dealt with * denotes AJH was lead environmental auditor # denotes AJH was contracted specialist local environmental auditor for overseas environmental consultancy, auditing firm or client + denotes work undertaken as an ICMI-accredited Lead Auditor (Cyanide Code) No of days shown indicates number of actual days on site for audit. [number] denotes number of days involved in audit preparation and report write up. 1991 *2 day [4] ECA - AECI Chlor-Alkali Plastics, Umbogintwini, KwaZulu-Natal, South Africa. November 1991. *2 day [4] ECA - AECI Chlor-Alkali Plastics- Environmental Services, Umbogintwini, KwaZulu-Natal, South Africa. November 1991. *2 Day [4] ECA - Soda Ash Botswana, Sua Pan, Botswana. November 1991. 1992 *2 Day [4] EA - Waste-tech Margolis, hazardous landfill site, Gauteng, South Africa. February 1992. *2 Day [4] EA - Thor Chemicals Mercury Reprocessing Plant, Cato Ridge, KwaZulu-Natal, South Africa. March 1992. 2 Day [4] EMA - AECI Explosives Plant, Modderfontein, Gauteng, South Africa. March 1992. *2 Day [4] EMA - Anikem Water Treatment Chemicals, Umbogintwini, KwaZulu-Natal, South Africa. March 1992. *2 Day [4] EMA - AECI Chlor-Alkali Plastics Operations Services Group, Midland Factory, Sasolburg. March 1992. *2 Day [4] EMA - SA Tioxide factory, Umbogintwini, KwaZulu-Natal, South Africa.
    [Show full text]
  • Group Information
    Group information AngloGold Limited was founded in June 1998 through the consolidation of the gold mining interests of Anglo American. The company, AngloGold Ashanti as it is now, was formed on 26 April 2004 following the business combination between AngloGold and Ashanti Goldfields Company Limited. AngloGold Ashanti is currently the third largest gold producing mining company in the world. CURRENT PROFILE AngloGold Ashanti Limited, headquartered in Johannesburg, South Africa, is a global gold company with a portfolio of long-life, relatively low-cost assets and differing orebody types in key gold producing regions. The company's 21 operations are located in 10 countries (Argentina, Australia, Brazil, Ghana, Guinea, Mali, Namibia, South Africa, Tanzania and the United States of America), and are supported by extensive exploration activities. The combined Proved and Probable Ore Reserves of the group amounted to 74.9 million ounces as at 31 December 2008. The primary listing of the company's ordinary shares is on the JSE Limited (JSE) in South Africa. Its ordinary shares are also listed on stock exchanges in London, Paris and Ghana, as well as being quoted in Brussels in the form of International Depositary Receipts (IDRs), in New York in the form of American Depositary Shares (ADSs), in Australia, in the form of Clearing House Electronic Subregister System Depositary Interests (CDIs) and in Ghana, in the form of Ghanaian Depositary Shares (GhDSs). AngloGold Ashanti Limited (Registration number 1944/017354/06) was incorporated in the Republic of South Africa in 1944 under the name of Vaal Reefs Exploration and Mining Company Limited and operates under the South African Companies Act 61 of 1973, as amended.
    [Show full text]
  • Adapting to Climate Change: a Guide for the Mining Industry
    Adapting to Climate Change: A Guide for the Mining Industry Julia Nelson, Manager, Advisory Services Ryan Schuchard, Manager, Climate and Energy This guide is part of a BSR This primer on climate change adaptation summarizes how companies in the industry series. For additional mining industry are reporting on climate change risks and opportunities, and highlights current and emerging best practices and guidance for E&U companies climate adaptation briefs, please visit www.bsr.org/adaptation. on how to develop a proactive approach to climate change adaptation. In this brief, mining refers to companies involved in the extraction of a broad range of metals and minerals, including precious metals, base metals, industrial Contents and Methodology minerals, coal, and uranium. This brief covers: Introduction Reporting on Risks and Opportunities: A synopsis Due to the wide geographic distribution of mining operations, climate change, including temperature and precipitation shifts as well as more frequent and based on reporting of climate severe extreme weather events, will have complex impacts on the sector. risk in 2009 by 41 mining Climactic conditions will affect the stability and effectiveness of infrastructure and companies to the Carbon equipment, environmental protection and site closure practices, and the Disclosure Project (CDP). availability of transportation routes. Climate change may also impact the stability and cost of water and energy supplies. Current Practices: An outline of actions related to climate Some examples: Warming temperatures will increase water scarcity in some change adaptation based on locations, inhibiting water-dependent operations, complicating site rehabilitation reporting from the CDP, and bringing companies into direct conflict with communities for water resources.
    [Show full text]
  • The Mineral Industry of Brazil in 2016
    2016 Minerals Yearbook BRAZIL [ADVANCE RELEASE] U.S. Department of the Interior March 2021 U.S. Geological Survey The Mineral Industry of Brazil By Philip A. Szczesniak Brazil is one of the leading mining countries in the world, Minerals in the National Economy producing a wide array of industrial minerals, metals, and mineral fuels. In 2016, Brazil’s estimated share of world mined Brazil’s mineral production (excluding crude petroleum and niobium production amounted to 89%; iron ore, 19%; asbestos, natural gas) in 2016 was valued at $24 billion (representing about 16%; vermiculite, 14%; bauxite, 13%; talc and pyrophyllite, 1% of the GDP) compared with $26 billion in 2015. IBRAM 11%; alumina, 9%; tin, 9%; graphite (natural) and tantalum, reported that the value of mineral production had fallen by more 8% each; and manganese, 7%. The World Steel Association than 50% since peaking at $53 billion in 2011. The decrease was reported that Brazil accounted for about 2% of the world’s crude largely attributed to the decrease in global mineral commodity steel production and was the leading producer in South America prices, especially iron ore prices. In the second half of the year, (77% of South America’s steel production) (World Steel 164,807 workers were employed in the mining sector compared Association, 2017, p. 9–10; Anderson, 2018; Bolen, 2018; Bray, with 174,610 (revised) in the second half of 2015. The Economic 2018; Corathers, 2018; Flanagan, 2018; Olson, 2018; Polyak, Commission for Latin America and the Caribbean noted that 2018a, b; Tanner, 2018; Tuck, 2018). Brazil’s foreign direct investment (FDI) increased in 2016 to Brazil ranked 10th in the world in crude petroleum production $79 billion, which was up from $75 billion in FDI in 2015 but and ranked 2d in South America (after Venezuela) in both still below the 5-year high of $101 billion that was reached in crude petroleum and natural gas reserves.
    [Show full text]
  • Water Management in Mining: a Selection of Case Studies
    Report Water management in mining: a selection of case studies Environment May 2012 Contents Foreword 3 Flows of water to and from a mine site 4 Introduction 5 Anglo American 10 eMalahleni Water Reclamation Plant, Republic of South Africa Minera Esperanza 12 Minera Esperanza Antofagasta, Chile AREVA 14 Trekkopje uranium mine, Namibia Freeport-McMoRan Copper & Gold 16 Sociedad Minera Cerro Verde copper mine, Peru BHP Billiton 18 Olympic Dam, Australia Xstrata Copper 20 Lomas Bayas mine, Chile Rio Tinto22 Argyle Diamond Mine, Western Australia JX Nippon Mining & Metals 24 Toyoha mine, Japan Barrick 26 Homestake mine, United States of America AngloGold Ashanti 28 Cerro Vanguardia S.A, Argentina Acknowledgements 30 Front cover: Mandena, Madagascar Copyright © 2010 Rio Tinto www.icmm.com/our-work/projects/water Foreword d r o w e r o F 3 Water is a fundamental resource for life. Whether from groundwater or surface water sources, availability of and access to water that meets quality and quantity requirements, is a critical need across the world. We all share responsibility for meeting this need now and in the future. In mining, water is used within a broad range of activities including mineral processing, dust suppression, slurry transport, and employee requirements. Over the last several decades, the industry has made much progress in developing close-circuit approaches that maximize water conservation. At the same time, operations are often located in areas where there are not only significant competing municipal, agricultural and industrial demands but also very different perspectives on the role of water culturally and spiritually. Together, these characteristics lead to tough challenges and there is no simple recipe for water management in mining particularly because the local environments of mines range from extremely low to the highest rainfall areas in the world.
    [Show full text]
  • Mine 2019 Resourcing the Future
    Mine 2019 Resourcing the future www.pwc.com/mine Shifting expectations Welcome to our annual review of futures markets, not present markets. And Copper and battery metals, which stand to global trends in the mining industry, when investors and other stakeholders gain as the energy mix moves away from as represented by the Top 40 mining look at the future of the mining industry, combustion engines to electricity including companies by market capitalisation. it is clear they have concerns about the renewable energy, are receiving the bulk industry’s perception on vital issues such of capital investment. (However, as coal Judged by traditional metrics, things are as safety, the environment, technology and contributes 38% to global electricity looking good for the world’s top miners. consumer engagement. generation, it remains an important part In 2018, the world’s 40 largest miners of the basket and continues to receive consolidated the stellar performance In spite of the strong operating substantial capital investment and of 2017. As a group, they increased performance, both investors and transaction focus.) production, boosted cash fl ow, paid down consumers seem to be down on the brand debt, and provided returns to shareholders of mining. They question whether the Mining companies are also streamlining at near record highs. And there was still industry can responsibly create sustainable their operating portfolio by disposing of cash left to increase capital expenditure value for all stakeholders. Discrete events, non-core assets and optimising project for the fi rst time in fi ve years. All while such as safety or environmental incidents, portfolios in line with long-term strategies.
    [Show full text]
  • South Africa, Anglogold Ashanti Is the Third Largest Gold Producer in the World with Operations Around the Globe
    FACT SHEET Headquartered in Johannesburg, South Africa, AngloGold Ashanti is the third largest gold producer in the world with operations around the globe. It has 20 operations in 10 countries on four continents as well as several exploration programmes in both the established and new gold producing regions of the world. Group activities are managed in four operational regions: South Africa, Continental Africa, Australasia and the Americas (both North and South America). AngloGold Ashanti – a corporate profile The South African operations employed an average of 32,082 people during the year, of whom 28,176 were contractors and 3,906 AngloGold Ashanti employed 61,242 people, including contractors, permanent employees (2010: 35,660). in 2011 (2010: 62,046) and produced 4.33Moz of gold (2010: 4.52Moz), generating $6.6bn in gold income, excluding joint ventures Capital expenditure for the region totalled $532m, an increase of 25% (2010: $5.3bn). Capital expenditure in 2011 amounted to $1.5bn on the $424m spent in 2010. The bulk of this was spent at Mponeng (2010: $1.0bn). $172m, Moab Khotsong $147m, Kopanang $92m and TauTona $79m. Capital expenditure over the past five years totalled $2bn. As at 31 December 2011, AngloGold Ashanti had a total attributable Ore Reserve of 75.6Moz (2010: 71.2Moz) and a total attributable At 31 December 2011, AngloGold Ashanti had a total Mineral Resource Mineral Resource of 230.9Moz (2010: 220.0Moz). in South Africa of 97.63Moz and a total Ore Reserve of 32.43Moz. These are equivalent to 42% and 43% respectively of group resources AngloGold Ashanti has its primary listing on the Johannesburg Stock Exchange (JSE) and is also listed on the New York, London, and reserves.
    [Show full text]
  • Reef Adjacent to Structures at Tautona Mine, Anglogold Ashanti South African Operations
    Reef Adjacent To Structures at TauTona Mine, AngloGold Ashanti South African Operations DE DAVIES Section Manager TauTona Mine, AngloGold Ashanti South African Operations SYNOPSIS The paper describes the extraction of reef adjacent to geological structures in the Carbon Leader Reef Section at TauTona Mine. Traditionally long wall mining has left feasible and economical blocks of ground adjacent to structures when negotiating major geological features. This meant that mining through an up- throw fault, rolling to the reef elevation on the displaced side of the fault left reef in the long wall. High grade areas were abandoned and gold was sterilized. In these tight economic times and with the need to continuously improve safety standards the need arose to develop a technique to extract these blocks economically and safely. It was believed that the structures in these abandoned areas were de-stressed and could now be mined in small volumes at a high grade. The term RATS is an acronym derived from “reef adjacent to structures” and aptly describes the process of identifying and extracting these blocks. The viability of this method was addressed in terms of the mine design, underground investigations and financial risks. The paper concludes with an analysis of the successes achieved to date. 1 INTRODUCTION TauTona Mine is one of the AngloGold Ashanti Southern Africa operations. It is close to the town of Carletonville in the province of Gauteng and about 70km south-west of Johannesburg. TauTona is 46 years old and employs ± 4 000 people. Mining operations are conducted at depths ranging from 1,800m to 3,500m at which the world’s deepest stoping sections are found.
    [Show full text]
  • Mineral Resource and Ore Reserve
    MINERAL RESOURCE AND ORE RESERVE REPORT 2013 ANNUAL Forward-looking statements INTEGRATED Certain statements contained in this document, other than statements of REPORT historical fact, including, without limitation, those concerning the economic outlook for the gold mining industry, expectations regarding gold prices, • CEO’s review ANNUAL INTEGRATED production, cash costs, cost savings and other operating results, return • Financial and operating REPORT ANNUAL INTEGRATED REPORT REPORT ANNUAL INTEGRATED 2013 on equity, productivity improvements, growth prospects and outlook of performance and outlook AngloGold Ashanti’s operations, individually or in the aggregate, including • Leadership and governance 2013 the achievement of project milestones, commencement and completion of • Understanding and commercial operations of certain of AngloGold Ashanti’s exploration and mitigating risks production projects and the completion of acquisitions and dispositions, AngloGold Ashanti’s liquidity and capital resources and capital expenditures and the outcome and consequence of any potential or pending litigation or regulatory proceedings or environmental, health and safety issues, are forward-looking statements regarding AngloGold Ashanti’s operations, ANNUAL economic performance and financial condition. These forward-looking SUSTAINABILITY statements or forecasts involve known and unknown risks, uncertainties REPORT and other factors that may cause AngloGold Ashanti’s actual results, performance or achievements to differ materially from the anticipated • Letter from CEO ANNUAL SUSTAINABILITY results, performance or achievements expressed or implied in these • Material sustainability ANNUAL S REPORT 2013 forward-looking statements. Although AngloGold Ashanti believes that the U S issues TAINA B ILIT expectations reflected in such forward-looking statements and forecasts Y REPORT Y REPORT • Approach to risk 2013 are reasonable, no assurance can be given that such expectations will • Sustainability performance prove to have been correct.
    [Show full text]
  • The Yatela Gold Deposit: 2 Billion Years in the Making
    Journal of African Earth Sciences 112 (2015) 548e569 Contents lists available at ScienceDirect Journal of African Earth Sciences journal homepage: www.elsevier.com/locate/jafrearsci The Yatela gold deposit: 2 billion years in the making * K.A.A. Hein a, , I.R. Matsheka a, O. Bruguier b, Q. Masurel c, D. Bosch b, R. Caby b, P. Monie b a School of Geosciences, University of the Witwatersrand, Johannesburg, South Africa b Geosciences Montpellier, UMR 5243 e CC 60, Universite Montpellier 2, Place E. Bataillon, 34095 Montpellier Cedex 5, France c Centre for Exploration Targeting, The University of Western Australia, 35 Stirling Highway, Crawley, Western Australia, Australia article info abstract Article history: Gold mineralisation in the Yatela Main gold mine is hosted in a saprolitic residuum situated above Received 13 February 2015 Birimian supracrustal rocks, and at depth. The supracrustal rocks comprise metamorphosed calcitic and Received in revised form dolomitic marbles that were intruded by diorite (2106 ± 10 Ma, 207Pb/206Pb), and sandstone-siltstone- 1 July 2015 shale sequences (youngest detrital zircon population dated at 2139 ± 6 Ma). In-situ gold-sulphide Accepted 15 July 2015 mineralisation is associated with hydrothermal activity synchronous to emplacement of the diorite and Available online 5 August 2015 forms a sub-economic resource; however, the overlying saprolitic residuum hosts economic gold min- eralisation in friable lateritized palaeosols and aeolian sands (loess). Keywords: West African craton Samples of saprolitic residuum were studied to investigate the morphology and composition of gold Mali grains as a proxy for distance from source (and possible exploration vector) because the deposit hosts Kedougou-K eni eba Inlier both angular and detrital gold suggesting both proximal and distal sources.
    [Show full text]
  • Hidden Treasure? in Search of Mali’S Gold-Mining Revenues a C I R E M a M a F X O / F F O L E T T E R B
    Hidden Treasure? In search of Mali’s gold-mining revenues A C I R E M A M A F X O / F F O L E T T E R B Authors Rani Parker (Ph.D., George Washington University) is founder of Business-Community Synergies, a development economist, and a leading authority on corporate-community engagement. Parker has 20 years' experience in international development, including consultancies with organizations such as CARE, the UN Children’s Fund (UNICEF), the UN Development Program (UNDP), and multi- national companies in the energy and extractive industries. Fred Wood (Ph.D., University of London) is an internationally recognized expert on early childhood and youth development. For 12 years, Dr. Wood served as director of education for Save the Children. His consulting projects have included Save the Children, UNICEF, and the World Bank. FRONT COVER: Niama Makalu, 22, and her nephew, Amidou Dembelle, working in a field of groundnuts against the backdrop of a waste dump area for the Sadiola Hill Gold Mine in Mali. Their families were among the many people displaced when mining began in the area in the mid-1990s. Makalu, who is married to the chief of Sadiola, is now—like many others—forced to cultivate food for her family on land in close proximity to mine waste. What’s more, since the Sadiola Hill Mine now occupies much of the area’s former agricultural land, local people have no viable alternatives to farming on these few remaining sites. Above: Sign and fence on the border of the Sadiola Hill Mine, barring trespassers from land that has been conceded to the mining company.
    [Show full text]
  • Recommendations for the Mining Sector BSR | Women’S Economic Empowerment in Sub-Saharan Africa: Recommendations for the Mining Sector 1
    INDUSTRY BRIEF MARCH 2017 Women’s Economic Empowerment in Sub-Saharan Africa Recommendations for the Mining Sector BSR | Women’s Economic Empowerment in Sub-Saharan Africa: Recommendations for the Mining Sector 1 Photo credit: Jonathan Torgovnik/Reportage by Getty Images BSR | Women’s Economic Empowerment in Sub-Saharan Africa: Recommendations for the Mining Sector 2 About this Brief This brief provides recommendations for mining companies to advance women’s economic empowerment in sub-Saharan Africa (SSA). This brief was developed alongside the BSR report “Women’s Economic Empowerment in Sub-Saharan Africa: Recommendations for Business Action,” which seeks to mobilize private-sector action to enhance women’s economic empowerment in the region. WHAT’S INSIDE » The Mining Industry in SSA: Includes an overview of the role the mining industry plays in SSA. » Impacts of Mining on Women in SSA: Shares key findings on the impact of the industry on women in SSA and some of the challenges to economic advancement for women involved in the mining industry as employees, workers in the supply chain, and members of mining communities. » Recommendations for Business: Provides guidance for mining companies based on the Act, Enable, Influence framework illustrated on page 12. WHO SHOULD READ THIS BRIEF This brief is intended for business leaders in CSR, corporate philanthropy, procurement, supply chain, human resources, and other functions at large-scale mining companies operating in SSA. Some recommendations may also apply to artisanal and small-scale mining (ASM) companies. Many of the recommendations are also relevant for governments, development agencies, and international finance institutions. ABOUT THE RESEARCH METHODOLOGY The methodology for this research series included a literature review, key informant interviews, and primary research conducted in the field.
    [Show full text]