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First Uranium Corporation T.FIU



TSX:FIU - Post by User

Comment by smoking81on Sep 18, 2011 5:48pm
217 Views
Post# 19055722

RE: RE: RE: Bad business

RE: RE: RE: Bad businessThey have 8 large mines in SA. The company disclosed itself in 2006 as having an unacceptable safety performance in its platinum mines. Safety measures were taken in January 2011. AngloGold Ashanti was named the world's "Most Irresponsible Company" at the Public Eye Awards, hosted by the Berne Declaration and Greenpeace in Davos, Switzerland. The nominating organisation, WACAM (Wassa Association of Communities Affected by Mining), catalogued the company's history of "gross human rights violations and environmental problems. They have however been able to operate well within SA. They are used to operations in third world countries and have over 64k employees worldwide. Fatalities in the South African gold mining industry, especially the underground mines, are common, with, as of 2009, 100 to 120 reported every year. Since 2007, AngloGold Ashanti has reduced the number of fatalities in its operations by 70%. One of the main reasons for this development is a program led by CEO Mark Cutifani, aimed at reducing the company's number of fatalities to zero by 2015.Of the 16 fatalities experienced by the company in 2009, 13 were in South Africa (2007: 27 of 34, 2008: 11 of 14).
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