Anglo American
plc is a British
listed
Listed may refer to:
* Listed, Bornholm, a fishing village on the Danish island of Bornholm
* Listed (MMM program), a television show on MuchMoreMusic
* Endangered species in biology
* Listed building, in architecture, designation of a historicall ...
multinational mining company with headquarters in
London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...
, England. It is the world's largest producer of
platinum
Platinum is a chemical element with the symbol Pt and atomic number 78. It is a dense, malleable, ductile, highly unreactive, precious, silverish-white transition metal. Its name originates from Spanish , a diminutive of "silver".
Platinu ...
, with around 40% of world output, as well as being a major producer of
diamond
Diamond is a Allotropes of carbon, solid form of the element carbon with its atoms arranged in a crystal structure called diamond cubic. Another solid form of carbon known as graphite is the Chemical stability, chemically stable form of car ...
s,
copper
Copper is a chemical element with the symbol Cu (from la, cuprum) and atomic number 29. It is a soft, malleable, and ductile metal with very high thermal and electrical conductivity. A freshly exposed surface of pure copper has a pinkis ...
,
nickel
Nickel is a chemical element with symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel is a hard and ductile transition metal. Pure nickel is chemically reactive but large pieces are slow to ...
,
iron ore
Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the fo ...
and steelmaking coal. The company has operations in
Africa
Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area ...
,
Asia
Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area ...
,
Australia
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...
,
Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...
,
North America
North America is a continent in the Northern Hemisphere and almost entirely within the Western Hemisphere. It is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and the Car ...
and
South America
South America is a continent entirely in the Western Hemisphere and mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere at the northern tip of the continent. It can also be described as the southe ...
.
Anglo American has a primary listing on the
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
and is a constituent of the
FTSE 100 Index
The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie" , is a share index of the 100 companies listed on the London Stock Exchange with (in principle) the highest market ...
. The company has a secondary listing on the
Johannesburg Stock Exchange
JSE Limited (previously the JSE Securities Exchange and the Johannesburg Stock Exchange) is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 ...
.
In the 2020
Forbes Global 2000
The ''Forbes'' Global 2000 is an annual ranking of the top 2000 public companies in the world, published by ''Forbes'' magazine. "The Global 2000" annual ranking is assembled by ''Forbes'' using a weighted assessment of four metrics: sales, profi ...
, Anglo American was ranked as the 274th -largest public company in the world.
History
1917–1990
Sir
Ernest Oppenheimer
Sir Ernest Oppenheimer (22 May 1880 – 25 November 1957), KStJ was a diamond and gold mining entrepreneur, financier and philanthropist, who controlled De Beers and founded the Anglo American Corporation of South Africa.
Career
Ernest Oppenhei ...
, a Jewish German émigré, founded the Anglo American Corporation (AAC) in 1917 in Johannesburg, South Africa, with financial backing from the American bank
J.P. Morgan & Co. and £1 million raised from UK and US sources to start the gold mining company; this fact is reflected in the company's name. The AAC became the majority
stakeholder in the
De Beers
De Beers Group is an international corporation that specializes in diamond mining, diamond exploitation, diamond retail, diamond trading and industrial diamond manufacturing sectors. The company is active in open-pit, large-scale alluvial and c ...
company in 1926, a company formerly controlled by
Alfred Beit
Alfred Beit (15 February 1853 – 16 July 1906) was a Anglo-German gold and diamond magnate in South Africa, and a major donor and profiteer of infrastructure development on the African continent. He also donated much money to university edu ...
, also a Jewish German émigré.
During 1945, the AAC moved into the coal industry by acquiring Coal Estates. Twelve years later, Sir Ernest died in Johannesburg and was succeeded as head of the company by his son
Harry
Harry may refer to:
TV shows
* ''Harry'' (American TV series), a 1987 American comedy series starring Alan Arkin
* ''Harry'' (British TV series), a 1993 BBC drama that ran for two seasons
* ''Harry'' (talk show), a 2016 American daytime talk show ...
, who also became chairman of De Beers. In the late 1940s and 1950s, the AAC focused on the development of the
Free State goldfields
The Free State goldfields were only developed after the Second World War even though gold had been discovered in 1938. The development gave rise to major development of the region.
Background
After the discovery of gold on the Witwatersrand i ...
(seven major mines simultaneously) and the
Vaal Reefs
Vaal Reefs is a gold bearing reef which is mined near the town of Orkney in Dr Kenneth Kaunda District Municipality in the North West province of South Africa.
The town of Orkney is home to a large gold mining operation originally owned by AngloG ...
mine.
In 1961, the AAC expanded outside of southern Africa for the first time and became a major investor in the
Hudson Bay Mining and Smelting Company in Canada. In 1967, the company moved into the steel industry by acquiring Scaw Metals. From 1967 to 1975, it continued to grow and established a number of ventures, including the
Mondi Group
Mondi plc is a multinational packaging and paper group employing around 26,000 people with around 100 production sites across more than 30 countries, predominantly in Europe, Russia, North America and South Africa. Group offices are located in ...
(timber, pulp and paper), Amgold (later
AngloGold Ashanti
AngloGold Ashanti Limited is a global gold mining company. It was formed in 2004 by the merger of AngloGold and the Ashanti Goldfields Corporation. It is now a global gold producer with 21 operations on four continents. The company is listed ...
) and then Amcoal (through the consolidation of several of its mining operations in South Africa; later known as Anglo Coal and in 2010 changed to Anglo Thermal). In 1982, Harry Oppenheimer retired as chairman of the AAC and was succeeded by
Gavin Relly
Gavin Relly (Born 1926 in Cape Town, Cape Province, Union of South Africa – died 10 January 1999 in Hermanus, Western Cape, South Africa) was a South African businessman and former chairman of Anglo American.
Early life
His grandfather was Si ...
. Two years later, Oppenheimer retired from De Beers and passed the chairmanship to
Julian Ogilvie Thompson
Julian Ogilvie Thompson (born 1934 in Cape Town, South Africa) is a South African businessman and former chairman of De Beers and the Anglo American mining company.
Early life
Julian Ogilvie Thompson was born in 1934 in Cape Town, South Africa ...
, who in 1990 also became chairman and chief executive of the AAC.
1990–2010
![Sculptures outside Anglo American](https://upload.wikimedia.org/wikipedia/commons/9/97/Sculptures_outside_Anglo_American.jpg)
On 24 May 1999, Anglo American Corporation merged with
Minorco
The Minorco SA (Minerals and Resources Company) was a mining company based in Luxembourg. It was set up by the South African Anglo American Corporation in 1987 to hold its non-African, non-diamond mining operations. Although Minorco was quoted on ...
to form Anglo American plc, with its primary listing on the
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
and a secondary listing on the
Johannesburg Stock Exchange
JSE Limited (previously the JSE Securities Exchange and the Johannesburg Stock Exchange) is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 ...
. Its gold mining operations were spun off into the separate
AngloGold corporation, which in 2004 merged with the
Ashanti Goldfields Corporation
The Ashanti Goldfields Corporation is a gold mining company based in Ghana that was founded by Joseph Ellis and Joseph Biney both from Cape Coast. The Ashanti Mine, located at Obuasi, 56 km south of Kumasi, has been producing since 1897. Dur ...
to form
AngloGold Ashanti
AngloGold Ashanti Limited is a global gold mining company. It was formed in 2004 by the merger of AngloGold and the Ashanti Goldfields Corporation. It is now a global gold producer with 21 operations on four continents. The company is listed ...
. Anglo American reduced its stake in AngloGold Ashanti to 16.6% in 2008.
In 2000, Julian Ogilvie Thompson retired as chief executive of Anglo American and was succeeded by
Tony Trahar
Tony Trahar (born 1949 in Johannesburg, South Africa) is a South African businessman and former chairman of Anglo American.
Trahar was educated at St John's College and the University of the Witwatersrand, after which he qualified as a chartere ...
. Ogilvie Thompson also retired as chairman in 2002 and was replaced by Sir
Mark Moody-Stuart
Sir Mark Moody-Stuart KCMG (born 15 September 1940) is a British businessman, He was appointed non-executive chairman of Anglo American PLC in 2001, serving until 2009. He has been chairman of Hermes Equity Ownership Services since 2009.
He is a ...
. In the same year, Anglo American acquired
Tarmac Tarmac may refer to:
Engineered surfaces
* Tarmacadam, a mainly historical tar-based material for macadamising road surfaces, patented in 1902
* Asphalt concrete, a macadamising material using asphalt instead of tar which has largely superseded ta ...
, a supplier of building materials, and
Shell Petroleum Company's Australian coal assets. In 2001, De Beers was privatised after being a listed company for more than 70 years.
In 2002, South Africa's Mining Charter was approved, and Anglo American and other mining companies with operations in the country were mandated to transfer a percentage of their South African production to historically disadvantaged South Africans. From 2002 to July 2008 Anglo American carried out black community economic empowerment transactions (across all businesses with operations in South Africa) totalling
R26 billion. Also, in 2002, Anglo Base Metals acquired the Disputada copper operations in Chile from
ExxonMobil
ExxonMobil Corporation (commonly shortened to Exxon) is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil, and was formed on November 30, ...
and opened a representative office in
Beijing
}
Beijing ( ; ; ), alternatively romanized as Peking ( ), is the capital of the People's Republic of China. It is the center of power and development of the country. Beijing is the world's most populous national capital city, with over 21 ...
, China. In 2003, Anglo American acquired a majority stake in iron ore producer
Kumba Resources
Kumba Iron Ore is an iron-ore mining company in South Africa. It is the fourth largest iron-ore producer in the world and the largest in Africa.
History
Kumba Iron Ore is a successor of Kumba Resources, which was listed on the Johannesburg Sec ...
.
In 2007,
Cynthia Carroll
Cynthia Blum Carroll (born November 13, 1956) is an American businesswoman. She was the chief executive officer of Anglo American PLC, a South African mining company, which, among other things, is the world's largest platinum producer.
On Octo ...
succeeded Tony Trahar, becoming the first non-South African and first female chief executive of Anglo American. The
Mondi Group
Mondi plc is a multinational packaging and paper group employing around 26,000 people with around 100 production sites across more than 30 countries, predominantly in Europe, Russia, North America and South Africa. Group offices are located in ...
, a paper and packaging business, was also spun out in 2007. During the next two years, Anglo American opened a representative office in
New Delhi
New Delhi (, , ''Naī Dillī'') is the capital of India and a part of the National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the government of India, hosting the Rashtrapati Bhavan, Parliament House ...
, India, acquired control of the Michiquillay copper project in northern
Peru
, image_flag = Flag of Peru.svg
, image_coat = Escudo nacional del Perú.svg
, other_symbol = Great Seal of the State
, other_symbol_type = Seal (emblem), National seal
, national_motto = "Fi ...
and the MMX
Minas-Rio
Minas-Rio is an iron ore mining project in Minas Gerais state, Brazil. It is one of the world's largest mining projects, and is initially expected to export 26.5 million tonnes of iron ore in 2013, through a 525 km slurry pipeline to a port at ...
and Amapa iron ore projects in
Brazil
Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...
, and later acquired stakes in the Pebble copper project in
Alaska
Alaska ( ; russian: Аляска, Alyaska; ale, Alax̂sxax̂; ; ems, Alas'kaaq; Yup'ik: ''Alaskaq''; tli, Anáaski) is a state located in the Western United States on the northwest extremity of North America. A semi-exclave of the U.S., ...
.
Anglo American was also accused in 2007 of damaging environmental practices: in order to complete its planned Alaskan
Pebble Mine
Pebble Mine is the common name of a proposed copper-gold- molybdenum mining project in the Bristol Bay region of Southwest Alaska, near Lake Iliamna and Lake Clark. As of November 2020 the mine developer, Northern Dynasty Minerals, was seeking ...
in collaboration with Northern Dynasty Minerals, the company considered building a massive dam at the
headwaters
The headwaters of a river or stream is the farthest place in that river or stream from its estuary or downstream confluence with another river, as measured along the course of the river. It is also known as a river's source.
Definition
The ...
of the world's largest
sockeye salmon
The sockeye salmon (''Oncorhynchus nerka''), also called red salmon, kokanee salmon, blueback salmon, or simply sockeye, is an anadromous species of salmon found in the Northern Pacific Ocean and rivers discharging into it. This species is a P ...
fishery, which it would risk obliterating. Opponents also pointed to the use of
cyanide
Cyanide is a naturally occurring, rapidly acting, toxic chemical that can exist in many different forms.
In chemistry, a cyanide () is a chemical compound that contains a functional group. This group, known as the cyano group, consists of ...
,
heavy metals
upright=1.2, Crystals of osmium, a heavy metal nearly twice as dense as lead">lead.html" ;"title="osmium, a heavy metal nearly twice as dense as lead">osmium, a heavy metal nearly twice as dense as lead
Heavy metals are generally defined as ...
, and
acid mine drainage
Acid mine drainage, acid and metalliferous drainage (AMD), or acid rock drainage (ARD) is the outflow of acidic water from metal mines or coal mines.
Acid rock drainage occurs naturally within some environments as part of the rock weathering ...
which can all have potentially devastating effects on the environment of the
Bristol Bay
Bristol Bay ( esu, Iilgayaq, russian: Залив Бристольский) is the easternmost arm of the Bering Sea, at 57° to 59° North 157° to 162° West in Southwest Alaska. Bristol Bay is 400 km (250 mi) long and 290 km, ( ...
area. Opponents of the Pebble Mine created Ballot Measure 4 to impose additional water quality standards on new large-scale mines in the state. However, in August 2007, Alaskans voted against the initiative. As of September 2008, the Pebble Limited Partnership had not yet put forward a project proposal and was working to prepare a prefeasibility study for the project in the second half of 2009. The mine proposal would still need to undergo environmental studies and the permitting process, including being subject to state and federal water protections. In December 2013, Anglo American withdrew from the Pebble Limited Partnership.
2010 to present
In early November 2011, Anglo American entered into talks with the Oppenheimer family to divest the latter's remaining shares of De Beers, whereby Anglo American acquired an additional 40% stake for $5.1 billion, increasing their overall stake to 85%. This came at a time of increased labour strikes and international attention to Oppenheimer's involvement in
conflict diamonds
''Blood Diamond'' is a 2006 American political war action thriller film directed and co-produced by Edward Zwick and starring Leonardo DiCaprio, Jennifer Connelly, and Djimon Hounsou. The title refers to blood diamonds, which are diamonds mine ...
. Anglo American then sold a 24.5% share in its Chilean copper unit, Anglo American Sur, to Japan's
Mitsubishi Corporation
is Japan's largest trading company (sogo shosha) and a member of the Mitsubishi keiretsu. As of 2022, Mitsubishi Corporation employs over 80,000 people and has ten business segments, including finance, banking, energy, machinery, chemicals, an ...
for $5.39 billion, paid with a promissory note due on 10 November 2011. With this deal, the Anglo American Sur complex was valued at $22 billion.
In November 2012, Anglo American completed the sale of steel maker Scaw South Africa and its connected companies for a total of R3.4 billion in cash.
In July 2014, Anglo American said it was disposing of its 50% shareholding in
Lafarge Tarmac
Tarmac is a British building materials company headquartered in Solihull, England. The company was formed as Lafarge Tarmac in March 2013, by the merger of Anglo American plc, Anglo American's Tarmac Group, Tarmac UK and Lafarge (company), Lafa ...
, a building materials joint venture, to cement maker Lafarge SA for a value of not less than £885 million ($1.5 billion);
the sale was subsequently completed in July 2015 for $1.6 billion. In October 2014, Anglo American's
Minas-Rio iron ore project in Brazil began operating and shipping ore.
In July 2015, Anglo American announced that it would cut 53,000 jobs (35% of their workforce) and that in the first half of 2015, they had a financial loss of US$3 billion.
In early December 2015, the company announced that, as part of a
restructure, it would be cutting a further 85,000 mining jobs, nearly two-thirds of its work force of 135,000, worldwide. It also announced the consolidation of six of its divisions into three businesses, while dividend payouts to investors were also suspended for a year.
The company also had its Dawson,
Foxleigh and
Callide coal mines in Central
Queensland
)
, nickname = Sunshine State
, image_map = Queensland in Australia.svg
, map_caption = Location of Queensland in Australia
, subdivision_type = Country
, subdivision_name = Australia
, established_title = Before federation
, established_ ...
, as well as its Dartbrook coal mine in the
Hunter Valley
The Hunter Region, also commonly known as the Hunter Valley, is a region of New South Wales, Australia, extending from approximately to north of Sydney. It contains the Hunter River and its tributaries with highland areas to the north and so ...
in
New South Wales
)
, nickname =
, image_map = New South Wales in Australia.svg
, map_caption = Location of New South Wales in AustraliaCoordinates:
, subdivision_type = Country
, subdivision_name = Australia
, established_title = Before federation
, es ...
, put up for sale as its shares dropped to a record low on the
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pau ...
, falling by more than 12 per cent.
In March 2017, British Indian industrialist
Anil Agarwal purchased 11% of the company through his family trust Volcan. In September, he took the holding to 20% through another purchase worth about $1.5 billion. In April 2017, the company sold its
Eskom
Eskom Hld SOC Ltd or Eskom is a South African electricity public utility. It was established in 1923 as the Electricity Supply Commission (ESCOM) and was also known by its Afrikaans name Elektrisiteitsvoorsieningskommissie (EVKOM). Eskom repre ...
-linked thermal coal operations in South Africa for $166 million, marking an important step in the mining giant's strategic overhaul to sharpen its focus on three commodities.
In October 2019, Anglo American announced a partnership with French energy company
Engie
Engie SA is a French multinational utility company, headquartered in La Défense, Courbevoie, which operates in the fields of energy transition, electricity generation and distribution, natural gas, nuclear, renewable energy and petroleum. ...
to develop the world's largest hydrogen-powered
mine haul truck, with testing expected to begin in 2020.
In January 2020, Anglo American made a 5.5p per share offer to buy a
polyhalite
Polyhalite is an evaporite mineral, a hydrated sulfate of potassium, calcium and magnesium with formula: . Polyhalite crystallizes in the triclinic system, although crystals are very rare. The normal habit is massive to fibrous. It is typically co ...
fertiliser project (in
North Yorkshire
North Yorkshire is the largest ceremonial counties of England, ceremonial county (lieutenancy area) in England, covering an area of . Around 40% of the county is covered by National parks of the United Kingdom, national parks, including most of ...
,
England
England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe b ...
) from
Sirius Minerals
Sirius Minerals plc was a fertilizer development company based in the United Kingdom. It was listed on the London Stock Exchange until it was acquired by Anglo American in March 2020.
History
Founded in 2003, the company initially focused on ...
for £400m. In salvaging the financially troubled project, Anglo American envisages spending around £230m to keep construction going through to at least 2022.
The sale was approved by shareholders in March 2020.
In April 2021, Anglo American announced the demerger of Thungela Resources, which will own a series of significant South African thermal coal assets, in order to eliminate the risk of clean-up liabilities.
In May 2022, Anglo American unveiled the world’s largest
hydrogen
Hydrogen is the chemical element with the symbol H and atomic number 1. Hydrogen is the lightest element. At standard conditions hydrogen is a gas of diatomic molecules having the formula . It is colorless, odorless, tasteless, non-toxic, an ...
powered
mine haul truck at Mogalakwena PGM Mine in northeast South Africa. The project, which is expected to be fully implemented by 2026, is a first step in making eight of the company’s mines
carbon neutral
Carbon neutrality is a state of net-zero carbon dioxide emissions. This can be achieved by balancing emissions of carbon dioxide with its removal (often through carbon offsetting) or by eliminating emissions from society (the transition to the "p ...
by 2030. The company has set a target of getting all of its operations to that status by 2040. President of the Republic of South Africa,
Cyril Ramaphosa
Matamela Cyril Ramaphosa (born 17 November 1952) is a South African businessman and politician who is currently serving as the fifth democratically elected president of South Africa. Formerly an anti-apartheid activist, trade union leader, and ...
was present at the launch and stated, "Developing the hydrogen economy is a strategic priority for our country."
Operations
Anglo American focuses on natural resources with six core businesses: Kumba Iron Ore, Iron Ore Brazil, coal (thermal and metallurgical), base metals (copper, nickel, niobium and phosphates), platinum, and diamonds, through
De Beers
De Beers Group is an international corporation that specializes in diamond mining, diamond exploitation, diamond retail, diamond trading and industrial diamond manufacturing sectors. The company is active in open-pit, large-scale alluvial and c ...
, in which it owns an 85% share. In 2008, the company had 105,000 permanent employees and 39,000 contract employees in its managed operations across 45 countries.
In 2008, Anglo American (excluding De Beers) spent $212 million on exploring 21 countries for resources including copper, nickel, niobium phosphates and zinc. The two main types of exploration for the company are
greenfield and
brownfield
In urban planning, brownfield land is any previously developed land that is not currently in use. It may be potentially contaminated, but this is not required for the area to be considered brownfield. The term is also used to describe land prev ...
, with nearly 70% devoted to greenfield projects.
Anglo American, along with De Beers, backed the manufacturing of a
superconducting quantum interference device
True squid are molluscs with an elongated soft body, large eyes, eight arms, and two tentacles in the superorder Decapodiformes, though many other molluscs within the broader Neocoleoidea are also called squid despite not strictly fitting th ...
(SQUID) to help improve the sensitivity of exploration surveys. Anglo American established Boart Products South Africa Limited in 1936 (later named Boart International) to turn the company's stockpile of
boart
Bort, boart, or boort is an umbrella term used in the diamond industry to refer to shards of non-gem-grade/quality diamonds. In the manufacturing and heavy industries, "bort" is used to describe dark, imperfectly formed or crystallized diamond ...
, or low-grade natural diamonds, into drilling products. This initiative resulted in the development of the first mechanically set diamond drill bit and later led to additional research into cutting and abrasive tools.
In December 2010, following delays and high costs, Anglo American gained a key licence from the Brazilian government that would allow work to start on the
Minas-Rio
Minas-Rio is an iron ore mining project in Minas Gerais state, Brazil. It is one of the world's largest mining projects, and is initially expected to export 26.5 million tonnes of iron ore in 2013, through a 525 km slurry pipeline to a port at ...
iron ore project. Production is initially expected to be 26.5 million tonnes per year; iron ore would be sent through a 525 km
slurry pipeline
A slurry pipeline is a specially engineered pipeline used to move ores, such as coal or iron, or mining waste, called tailings, over long distances. A mixture of the ore concentrate and water, called slurry, is pumped to its destination and the w ...
to the
Port of Açu. As of October 2014, Minas-Rio is operational and shipping ore.
In July 2018, Anglo American announced that it would spend $5.3 billion on developing the
Quellaveco copper mine in
Peru
, image_flag = Flag of Peru.svg
, image_coat = Escudo nacional del Perú.svg
, other_symbol = Great Seal of the State
, other_symbol_type = Seal (emblem), National seal
, national_motto = "Fi ...
, which the company acquired in 1992, with the Japanese conglomerate
Mitsubishi
The is a group of autonomous Japanese multinational companies in a variety of industries.
Founded by Yatarō Iwasaki in 1870, the Mitsubishi Group historically descended from the Mitsubishi zaibatsu, a unified company which existed from 1870 ...
funding 40% of the total cost. As part of the project, Anglo American also committed 650 million
soles ($195 million) towards local community developments projects in
Moquegua
Moquegua (, founded by the Spanish colonists as Villa de Santa Catalina de Guadalcázar del Valle de Moquegua) is a city in southern Peru, located in the Department of Moquegua, of which it is the capital. It is also capital of Mariscal Nieto Pr ...
, where the Quellaveco mine is located.
Controversies
Toxic waste
In October 2020, Anglo American was accused of being responsible for lead poisoning in possibly over 100,000 people. According to the lawyers, the claimants, principally young children, were suffering from high levels of lead poisoning. They claim the lead originated from the smelter, ore processing, and tailings dumps of the
Kabwe
Kabwe is the capital of the Zambian Central Province and the Kabwe District, with a population estimated at 202,914 at the 2010 census. Named Broken Hill until 1966, it was founded when lead and zinc deposits were discovered in 1902. Kabwe also ...
mine which Anglo American South Africa had managed before 1974. “Generations of children have been poisoned by the operations of the
Kabwe
Kabwe is the capital of the Zambian Central Province and the Kabwe District, with a population estimated at 202,914 at the 2010 census. Named Broken Hill until 1966, it was founded when lead and zinc deposits were discovered in 1902. Kabwe also ...
mine, originally known as Broken Hill, which caused widespread contamination of the soil, dust, water and vegetation,” said the lawyers.
Anglo American denies these allegations and has accused its successor ZCCM, which operated the mine after its nationalization in 1974.
In 2013, the companies involved in the
Cerrejón coal mine in
Colombia
Colombia (, ; ), officially the Republic of Colombia, is a country in South America with insular regions in North America—near Nicaragua's Caribbean coast—as well as in the Pacific Ocean. The Colombian mainland is bordered by the Car ...
, were accused of increasing illness in approximately 13,000 people living close to the mine.
Anglo American was also accused of failing to compensate people who had been displaced by its expansion.
In September 2020, a
UN human rights expert advised that
Colombia
Colombia (, ; ), officially the Republic of Colombia, is a country in South America with insular regions in North America—near Nicaragua's Caribbean coast—as well as in the Pacific Ocean. The Colombian mainland is bordered by the Car ...
discontinue the mine citing environmental and human rights concerns. In January 2021, the
OECD
The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate e ...
launched an investigation into
Cerrejón
Cerrejón is a large open-pit coal mine in Northern Colombia owned by Glencore. At Cerrejón, low-ash, low-sulphur bituminous coal from the Cerrejón Formation is excavated. At over the mine is one of the largest of its type, the largest in Lati ...
over human rights and environmental concerns. In February 2021, Anglo American announced plans to divest the
Cerrejon mine by 2024. In June 2021, Anglo sued the
Colombia
Colombia (, ; ), officially the Republic of Colombia, is a country in South America with insular regions in North America—near Nicaragua's Caribbean coast—as well as in the Pacific Ocean. The Colombian mainland is bordered by the Car ...
n government for preventing the development of the La Puente coal pit.
Carbon footprint
Anglo American reported Total
CO2e emissions (Direct + Indirect) for 31 December 2020 at 16,080 Kt (-1,660 /-9.4% y-o-y).
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See also
*List of mining companies
This is an incomplete alphabetical list of mining companies.
A
* Adex Mining
* Aditya Birla Group
* African Rainbow Minerals
* Agnico Eagle
* Aiteo
* Alumina
* Anaconda Copper
* Anglo American (mining)
* Anglo Platinum
* AngloGold Ashanti
* ...
*List of companies traded on the JSE
This is a list of companies traded on the JSE. The original compilation of the list was done in February 2006.
__NOTOC__
''Note: For companies without a listed external link there is at various financial information sites; please see artic ...
*List of companies of South Africa
South Africa is the southernmost country in Africa. It is the 25th-largest country in the world by land area, and with close to 60 million people, is the world's 24th-most populous nation.
The World Bank classifies South Africa as an upper-m ...
*Economy of South Africa
The Economy of South Africa is the third largest in Africa and the most industrialized, technologically advanced, and diversified economy in Africa overall. South Africa is an upper-middle-income economy, one of only eight such countries in Africa ...
*Mineral Policy Institute
The Mineral Policy Institute is an Australian-based non-governmental organisation that specialises in preventing environmentally and socially destructive mining, minerals and energy projects in Australia, Asia and the Pacific. The institute as form ...
*Extractive Industries Transparency Initiative
The Extractive Industries Transparency Initiative (EITI) is a global standard for the good governance of oil, gas and mineral resources. It seeks to address the key governance issues in the extractive sectors.
The EITI Standard requires informa ...
*International Council on Mining and Metals
ICMM was founded in 2001, as a CEO-led leadership organization, to improve sustainable development performance in the mining and metals industry.
Sustainable Development
In late 1998 a small group of mining industry CEOs came together to quest ...
*United Nations Global Compact
The United Nations Global Compact is a non-binding United Nations pact to encourage businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The UN Global Compact is a princ ...
References
External links
*
{{DEFAULTSORT:Anglo American Plc
Diamond mining companies
Iron ore mining companies
Mining companies based in London
Mining companies of the United Kingdom
Mining companies of South Africa
Conglomerate companies of the United Kingdom
Companies based in London
British companies established in 1999
Non-renewable resource companies established in 1999
1999 establishments in England
Companies listed on the London Stock Exchange
Companies listed on the Johannesburg Stock Exchange
AngloGold Ashanti
De Beers
Oppenheimer family