Anglo Zimele - Anglo American South Africa

Transforming South Africa’s mininglandscape3The Anglo Khula Mining Fund handles theexploration and mining related investments andis a joint initiative between Anglo Americanand Khula Enterprise Finance Limited, agovernment-owned entity that promotes SMEdevelopment. The fund assists emerging, blackownedmining companies with equity and loanfinance, as well as technical support during thehigh risk exploration and pre-feasibility phasesof projects, bringing them to a commerciallybankable position.would have shut down due to the delayedtransfer of funds by a creditor bank. This wouldhave been a huge loss for the local community,living in an isolated area with higher thanaverage unemployment rate and no realalternative for income generation.Without the fund, many black-owned juniormining companies would not be afforded theopportunity to operate in the mining sector. Thefund provides similar support services to thoseoffered by the Supply Chain Fund, and relies onthe technical, engineering and mining expertiseof Anglo American’s divisions.An example of such an investment is VaalkrantzColliery based in Vryheid, KwaZulu-Natal andmanaged by a black-owned enterprise – LeeuwMining and Exploration. Without the financialand technical support of the Fund, the operationBlack Wattle Dump, a reclamation operationmanaged by Zingaro Coal reclaims coal from theBlack Wattle Colliery in Witbank, MpumalangaInternational recognition andmilestonesThe Anglo Zimele model, which has beenadopted by the International Finance Corporation(IFC), a member of the World Bank Group,Mondi, De Beers, Barloworld and others,represents a unique approach to provide SMEswith integrated access to markets, financialsupport, skills transfer and capacity building.The IFC has purported the model as theprescribed approach for companies, around theworld, which seek to integrate local SMEs intotheir supply chains.In 2007, Anglo Zimele secured a double win atthe BigNews Enterprise Development Awards.The unit was praised as the Best InternalCorporate Enterprise Development Programmeand received the accolade for Most OutstandingOverall Enterprise Development Programme.The name Zimele is derived from the Africanlanguages Zulu and Xhosa meaning ‘to beindependent’.