Our approach to mining
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A world-class portfolio
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Sustainability report 2019
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Take a tour of a modern mine
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2019 Annual Results
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The difference makers
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How to become a supplier
Main Content

A leading global mining company

Our strategy is to secure, develop and operate a portfolio of high quality and long life resource assets, from which we will deliver leading shareholder returns. We achieve this through innovative practices and technologies – in the hands of our world-class people – towards a common purpose.


The quality and long life of our mineral assets are the foundation of our global business.

We focus on securing and operating assets that offer – either in isolation or in combination with other assets in the portfolio – the most attractive long-term value creation potential, as measured by sustainable cash flow and returns.

The scale of our portfolio allows us to leverage our financial resources, technical expertise, and supplier relationships towards delivery on our potential and to the benefit of our customers. The diverse composition of the portfolio creates a measured risk profile and supports strong returns by balancing and optimising the concentration of our investments across:

  • Products (supply)
  • End markets (demand); and
  • Geographies (political, regulatory and other country-specific considerations).


Our people are critical to all that we do. The partnerships we build, both within Anglo American and with our stakeholders – locally and globally, are central to maintaining our regulatory and social licences to operate and our sustained commercial success. And our continued delivery builds trust with our shareholders to ensure their ongoing investment support.

For our people, we create working environments and an inclusive and diverse culture that encourages and supports high performance and innovative thinking.

Our Organisation Model ensures we have the right people in the right roles doing the right value-adding work at the right time, with clear accountabilities minimising work duplication and increasing organisation capability and effectiveness.

Capital allocation

Underpinning our portfolio, the innovative practices that we apply and our world-class people, we have a value-focused approach to capital allocation with clear prioritisation, as follows:

  • Maintain asset integrity;
  • Ensure a strong balance sheet; and
  • Pay dividends to our shareholders, determined on an earnings based payout ratio.

Discretionary capital is then allocated towards the best value outcome, either by investing for profitable growth or making additional returns to shareholders. Growth investment is subject to a robust risk framework, using capital scheduling and partnering where appropriate, to ensure that the balance sheet remains robust through the investment cycle.

From our high-quality portfolio of assets, through the innovative approaches to driving value that we apply, delivered by our world class team of people, we believe that we are positioned to drive attractive long term growth and sustainable returns to our shareholders.

Our values

Our strategy provides the roadmap for our business, and our values guide our behaviours while on the journey. These six values form the blueprint for our way of working:

Our Code of Conduct

Our Code of Conduct is a single point of reference for everyone associated with the Anglo American Group – as well as the departure point for a fuller understanding of our ethical policies and procedures.

It sets out ‘how’ we behave to reinforce our values, and ‘what’ we do to help protect Anglo American’s name, and to make a positive difference.

*The Code of Conduct identifies the standards of conduct that Anglo American expects of its directors, employees, contractors, consultants, suppliers, agents and other business partners in order to promote behaviour consistent with our core values. The existence of the Code of Conduct in itself should not be taken as providing any representation or any other assurance that Anglo American complies with any standard or policy specified, although the Code of Conduct is intended to help support compliance. The Code of Conduct does not create any benefit or rights in favour of, and is not enforceable by, any third party.