David Noko
Changing Relationships – Shifting Boundaries
AngloGold Ashanti at a glance
2
The shared value imperative
Our success as a country is shaped by the progress of our
people.
Our success as an industry is intertwined with the success
of our employees.
We therefore all have a stake in achieving solutions with
mutual benefit.
Key challenges we face
From a business lens…
From an employee lens…
•
•
We work hard and in dangerous
conditions, yet have not benefitted
from the fruits of our labour.
•
A tight capital environment with
increased costs of doing business and
more difficult mining conditions.
The rich become richer, while we
become poorer.
•
We have no certainty in tomorrow.
•
Regulatory and policy uncertainty.
•
We do not have the means to invest in
the future of our children.
•
Low investor sentiment towards South
Africa.
•
Mining is cyclical in nature – we have
come through the longest bullish run in
recent history and commodity prices
are subdued.
A tale of two cities
VS.
The issue in focus
Each stakeholder sees their own perspective....
Both positions are valid…. Yet our approach is
transactional.
The outcomes are a winner and a loser, or we seek trade
offs.
....resulting in a zero sum game.
A new approach
What we need to do - principles
We have come a long way as an industry....
•
Build on the foundations created.
•
Positive engagement establishing trust – underpinned by the philosophies of respect,
maintaining human dignity and mutual benefit.
•
Seek to increase the size of the pie – rather than fighting for share of a diminishing
one.
•
Utilising knowledge and technology to drive progress and competitiveness AND as a
catalyst for development.
•
Accelerating collaboration for maximum impact – leveraging off opportunities.
.... recognising that there is still work to be done.
Bold ideas
•
Build human capability and shift from manual labour to
knowledge work.
•
Address the dire and depressing circumstances of
labour sourcing areas vs. the “gold plated streets” of
capital sourcing areas.
•
Innovate our shift approach to migrant labour – a fly-in
fly-out solution.
•
Employment creation through skills development and
alternative livelihoods – across the value chain.
•
Promote open source innovation and technologies.
•
Create new capabilities and revenue streams in the
management of waste.
Thank you