Anglo American
| Anglo American plc
|
|
|---|---|
 |
|
| legal form | Public limited company |
| ISIN | GB00B1XZS820 |
| founding | 1917 |
| Seat | London , UK |
| management |
Mark Cutifani , CEO Stuart Chambers, Chairman |
| Number of employees | 69,000 (2017) |
| sales | 28,650,000,000 US dollars (2017) |
| Branch | Mining |
| Website | www.angloamerican.com |
Anglo American is a global company that is involved in the mining and processing of raw materials. The head office of the company, which is listed in London and Johannesburg , is in London. The company employs around 69,000 people and generates annual sales of around US $ 28 billion. The mining sector is Anglo American's core business before metal finishing.
history
The Anglo American Corporation was founded in 1917 by Sir Ernest Oppenheimer to exploit the gold deposits of the South African East Rand . Most of the £ 1 million seed capital came from British and US investors. Under the chairmanship of Oppenheimer, Anglo American expanded its role in the mining of gold and in 1926 took over the majority of shares in De Beers , the leading diamond mining company, in which Oppenheimer also held the position of chairman of the board. Anglo American expanded and expanded existing businesses in the following years. For example, they participated in the development of the Zambian copper belt , exploited the platinum deposits discovered by Hans Merensky and promoted the establishment of the African Explosives and Chemical Industries (AECI), a division of which the majority of shares were sold in 2001.
In the 1940s and 1950s, the company focused on the Orange Free State and Vaal Reefs gold mines. This made Anglo American one of the world's leading mining companies. After Oppenheimer's death, his son Harry Oppenheimer took over as chairman of the board. In 1961, Anglo American began to expand its activities outside of Africa with the acquisition of the Hudson Bay Mining and Smelting Company in Canada and the Minerals and Resources Corporation (Minorco). With the foundation of the Mondi Group in 1967, Anglo American became one of the largest paper and packaging manufacturers in Europe.
In 1975, Anglo American owned eight coal mines . These were combined in the subsidiary Amcoal (later Anglo Coal ). The company also played a key role in the Richards Bay Coal Terminal , which quickly made South Africa one of the world's largest coal exporters. After Harry Oppenheimer left the management of Anglo American and De Beers between 1982 and 1984, Gavin Relly and Julian Ogilvie Thompson took over the post of CEOs of the respective companies. In the 1990s, more ups and followed acquisitions of mines. In Chile were copper mines in the years 1993 and 1999 two and in Mali gold mine Sadiola Hill founded. In 1997, Anglo American bought coal mines in Latin America and opened nickel and zinc mines in Venezuela and Ireland . As a result of extensive restructuring, the headquarters of Anglo American and Minorco were relocated from Luxembourg to London and Anglo American plc was founded there. At the same time, administrative and technical competencies were split between De Beers and Anglo American.
In September 2015, Anglo American sold three of its platinum mines near Rustenburg in South Africa to Sibanye Gold and the copper mines Mantoverde and Mantos Blancos in Chile to a private equity company .
The company today
Anglo American plc. mines raw materials such as platinum, diamonds , copper, nickel, iron ore and coal through a large number of subsidiaries and equity investments . The group also operates plants for the extraction of manganese and niobium as well as steelworks . The paper and packaging manufacturer Mondi was spun off on July 2, 2007.
In December 2015, the company announced that it would lay off around 85,000 employees, around two-thirds of all employees, due to falling raw material prices. The dividends for 2015 and 2016 will also be completely canceled. Assets and other assets are sold and from six divisions to subsidiaries of the future will remain three.
Diamonds
Anglo American held 45% of the diamond miners De Beers until August 2012, the Oppenheimer family 40% and the state of Botswana 15%. Since August 2012, Anglo American also owns the Oppenheimer share, a total of 85% in De Beers. De Beers generates around 40% of world production through investments in companies such as Debswana Diamond Company and Namdeb Diamond Corporation , making it the world's largest diamond producer. In addition, through its in-house marketing company, De Beers has a 50% share in the global diamond trade.
platinum
The subsidiary Anglo American Platinum mines, processes and sells platinum and is the world's largest platinum producer with 38%. The company owns five platinum mines in South Africa as well as smelters and refineries. It can draw on the largest known platinum deposit, the Merensky Reef in the Bushveld complex in South Africa. In addition, several platinum deposits are available as reserves, which make it possible to secure platinum production for the following years.
Ferrous metals
Anglo Ferrous Metals and Industries extracts and sells iron ore, chrome, manganese, vanadium and carbon steel.
coal
The wholly owned subsidiary Anglo Coal operates coal mining. Anglo Coal mines are located in Australia, Colombia, Venezuela and South Africa.
Non-ferrous metals and industrial minerals
Anglo Base Metals meets the demand for non-ferrous metals such as copper, zinc, nickel or sand containing minerals. The company has various holdings in South Africa, Ireland, Chile, Peru, Brazil and Namibia. Anglo American mines nickel through a Brazilian company and extracts niobium and phosphates .
Web links
- Official website (English)
Individual evidence
- ↑ Board , on www.angloamerican.com , accessed on August 5, 2018
- ↑ At a glance , at www.angloamerican.com , accessed August 5, 2018
- ^ Anglo American 2017 Annual Report , accessed August 5, 2018
- ↑ Anglo sells platinum mines in S. Africa to Sibanye for $ 330m. In: mining.com. September 9, 2015, accessed December 4, 2015 .
- ^ Anglo American completes sale of Chile copper mines. In: MINING.com. September 14, 2015, accessed December 4, 2015 .
- ↑ Anglo American to cut 85,000 mining jobs worldwide as part of restructure, four Australian mines remain for sale. In: abc.net.au. December 9, 2015, accessed April 14, 2016 .