Alchemy benefits
Alchemy seeks to unlock resources flowing from Anglo American Platinum to promote and sustain long-term community development. It’s estimated that Alchemy will reach approximately one million beneficiaries within the identified mine host communities and LSAs.
Through the Alchemy structures, funds flow directly to community development managed through community elected Boards of Trustees so community members can undertake initiatives and projects of their own to help confront challenges and create a sustainable future.
Benefit areas
Based on the integrated benefits framework and the emphasis on integrated planning, Alchemy will facilitate benefits at several levels:
- Areas that benefit primarily from Alchemy, are those in a 15km radius from Anglo American Platinum mines (host and neighbouring communities, and resettled villages)
- Integrated benefits (including CSI and SLP initiatives), and broader integrated planning will be deployed within 50km of mining operations
- A needs analysis guides development in the short term, focusing on areas where development is most needed
Funding benefits
During the NVF period, funds were made available to the Development Trusts and the NPC in the following manner:
- Dividends from community shares (net of the dividends waived by the Lefa La Rona Trust in terms of the notional vendor funding commitments in relation to the subscription for the community shares)
- Annual safety net payment (if required should dividend payments, net of the waived dividends, fall below R20 million)
- Incentive payments against mine-based Key Performance Indicators (KPIs) (except the LSA NPC, which is not eligible).
- CSI funds for identified projects in the mine host communities and LSAs (collectively, the benefit areas).
Post NVF, the Trusts receive dividends from 1,400,685 unencumbered shares and the discretionary Incentive payments against mine-based Key Performance Indicators (KPIs) (except the LSA NPC, which is not eligible).
For Trust Related matters, contact:
Shibu Mapheto
011 373 6303
[email protected]