The mining giant's claim in the media that it is open to independent audits needs to be viewed with some caution.
Business Maverick recently published an article about Anglo American Platinum undertaking a so-called independent audit of its Unki operation in Zimbabwe. The audit is being undertaken with the use of the Initiative for Responsible Mining Assurance (Irma) based in Canada, a multi-stakeholder group.
To much acclaim, Anglo American CEO Mark Cutifani has announced it is the first mine in the world to do this. He also says Anglo American wants to be examined by the highest standards of ethical production and all its mines will be audited in this manner by 2025. This, he maintains, is a rigorous certification process, starting with a self-assessment followed by an independent third-party verification.
Interesting, as Amplats has had many independent audits conducted on it, not least by Bench Marks Foundation. We have established ourselves as an independent body to monitor and audit companies' social, economic and environmental performance, using the Global Principles, Bench Marks for Measuring Business Performance, adopted by 22 countries in 1998. Work on these standards began in 1992 and we are now on round four of implementation, with over...