24th Mar 2020 07:30
(Alliance News) - Anglo American PLC on Tuesday noted the lockdown curbs which are to be imposed by the South African government later this week in its bid to fight the spread of Covid-19.
Anglo American Platinum Ltd and Kumba Iron Ore Ltd also noted the measures.
South African President Cyril Ramaphosa said a three-week lockdown will be imposed from midnight Thursday with new curbs on which businesses remain open also being introduced.
Rampahosa had said all businesses will be closed, save for "pharmacies, laboratories, banks, essential financial and payment services, including the JSE, supermarkets, petrol stations and health care providers".
Anglo American said on Tuesday: "Anglo American will review the detailed regulations relating to this action that are being published, including in relation to exemptions for certain business activities, and will issue a further statement in due course.
"We recognise the critical role that our operations play in our host operating countries, including in terms of jobs and our local communities. We are therefore also working together with the government of South Africa to ensure the continuity of our business where appropriate in order to minimise any unintended consequences of the announced lockdown."
Anglo American shares were 8.7% higher at ZAR237.98 each in Johannesburg early Tuesday.
Amplats was 7.1% higher at ZAR596.00, while Kumba Iron Ore was down 2.3% to ZAR246.65.
By Eric Cunha; [email protected]
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