Anglo

Glencore, Anglo Join South Africa in $1.5 Billion Water Plan

Glencore, Anglo Join South Africa in $1.5 Billion Water Plan

Some of the world’s biggest mining companies are working with South Africa’s government on a 27 billion rand ($1.5 billion) water project to supply major platinum and chrome operations and several hundred thousand people with drinking water. Glencore Plc and Anglo American Platinum Ltd. are among the companies attempting to secure half of that amount in financing by the end of the year with the rest of the funds to be sourced by municipalities and the government.