Glencore and Anglo American Platinum (Amplats) have joined forces with the South African government in a R27bn water project to supply drinking water to major platinum and chrome operations, as well as several hundred thousand people.
- The companies aim to secure half of the funding for the project by the end of 2023, while the rest will be sourced by municipalities and the government.
- The project aims to address the growing water scarcity concerns in South Africa, which have been exacerbated by climate change and a lack of investment in water infrastructure.
- The project is expected to create jobs and boost economic growth in the country, while also promoting sustainable development.
- The involvement of Glencore and Amplats in the project demonstrates the mining sector’s commitment to environmental and social responsibility.