Platinum producers refute AMCU tax, wage evasion claims
JOHANNESBURG (miningweekly.com) – Platinum miners Anglo American Platinum (Amplats), Impala Platinum (Impats) and Lonmin on Thursday strongly refuted allegations by Association of Mineworkers and Construction Union (AMCU) negotiator Brian Ashley that the platinum mining companies “might be guilty of tax and wage evasion”.
Ashley on Thursday told members of the media at a Cape Town Press Club meeting that companies could be moving part of their profits to countries with low or no tax on profits to escape tax and avoid paying higher wages, news agency Sapa reported.
He said his suspicions were based on a comparison of the companies’ annual reports and annual market prices of mineral resources.
Lonmin said in a statement on Friday that the allegations were “without substance and completely false”.
Amplats and Implats added that they did not tolerate fraud and viewed the “inflammatory and unsubstantiated allegations in a very serious light”.
“All taxation activities are subject to careful assessment by the company’s external auditors as well as the country’s tax authorities,” Amplats said in a statement.
Implats added that its audited financial statements and accounts were open for interrogation and scrutiny.
Lonmin echoed these statements pointing out that its financial statements and accounts were readily available on its website.
AMCU had started its strike for a basic wage of R12 500 over a four-year period on January 23 and an intergovernmental task team, set up by newly appointed Mineral Resource Minister Advocate Ngoako Ramatlhodi, was currently working on resolving the issue.
“A meeting of the intergovernmental technical task team, the producers and AMCU is currently under way. The producers have heeded the Minister’s call for all parties to show leadership and to seek to reach an agreement during this process. So much is at stake for our companies, our employees, our communities and our country. We respectfully request that AMCU observes the same,” Implats said.
Amplats echoed this statement, also requesting that AMCU refrain from making unsubstantiated and inflammatory comments during this time.
“We reserve the right to take appropriate legal measures if these malicious and unsubstantiated accusations by AMCU and their advisers continue,” Amplats said.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation