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During 2019, we have built upon our turnaround of the previous three years, laying foundation for a further step-change in operational and financial performance. We are taking an innovative approach by combining technology, digitalisation and sustainability to re-imagine mining to improve people’s lives – for our employees, our stakeholders and for society as a whole.
Learn more about our 2019 performance in this reporting suite.
Bsc, Chairman since November 2017; a non-executive director since September 2017, Age:
"As a major supplier of metals and minerals vital to the world’s transition to a more sustainable future, Anglo American has a special obligation to operate in a safe, responsible way so that our environmental and societal footprint is a positive one, both during the lifetime of our mines and beyond."
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BE (Mining Engineering), Chief Executive since April 2013, Age:
"Anglo American stands out as a performance leader in the mining industry – we have transformed our operations and delivered significant financial improvement, while building our sustainability credentials through improving safety and environmental performance and building social partnerships. Guided by our Purpose, it is our people whose efforts bring to life the quality of our assets and our business as a whole."
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We're a leading global mining company with a world-class portfolio of mining and processing operations and undeveloped resources. Our purpose is to re-imagine mining to improve people’s lives.
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.
Minas-Rio’s remarkable recovery
Minas-Rio mine in Brazil taps into a large-scale iron ore deposit, the resource base of which we have steadily extended since acquiring the asset more than a decade ago. Current estimates indicate Ore Reserves of approximately 3.2 billion ROM tonnes at 33.5% Fe(1) – and indications are that this highly prospective area has considerably more potential.
Anglo American owns 85% of De Beers, the world’s leading diamond company. The remaining 15% is owned by the Government of the Republic of Botswana (GRB). De Beers and its partners produce around one-third of the world’s rough diamonds, by value.
From our three mining operations in Chile, we produce copper, essential to modern living and a future of clean energy and transport. Our products include copper concentrate, copper cathode and associated by-products such as molybdenum and silver. Our copper interests in Chile will soon be complemented by Quellaveco, which we are developing in Peru.
Anglo American is a leading producer of PGMs, essential metals for cleaning vehicle exhaust emissions and as the catalyst in electric fuel cell technology. We own and operate three mining complexes in South Africa’s Bushveld complex, including Mogalakwena – the world’s largest open-pit PGMs mine, Amandelbult and Mototolo, as well as the Unki mine, in Zimbabwe. In South Africa, we also own smelting and refining operations which treat concentrates from our wholly owned mines, our joint venture operations and third parties.
Anglo American’s iron ore operations provide customers with high grade iron ore products which help our steel customers meet ever-tighter emissions standards. In South Africa, we have a majority share (69.7%) share in Kumba Iron Ore, while in Brazil we have developed the integrated Minas-Rio operation.
Our high quality assets provide a reliable supply of niche products our wide range of customers need, in both metallurgical coal (for steelmaking) and thermal coal (for electricity generation). Our coal portfolio is geographically diverse, with metallurgical coal assets in Australia, and thermal coal assets in South Africa and Colombia.
The Nickel and Manganese operations both provide ingredients for stainless and alloy steels. They are located in Brazil (Nickel), as well as South Africa and Australia (Manganese).
Across every aspect of our business, we are thinking innovatively about how we work to ensure the safety of our people, enhance our sustainability performance, and deliver industry-leading margins and returns.
From exploration to delivering our products to our customers, FutureSmart MiningTMis our innovation-led pathway to sustainable mining: technology, digitalisation and sustainability working hand in hand.
Bulk ore sorting (BOS) is a technology at the centre of Concentrating the MineTM- part of FutureSmart MiningTM. After successful demonstration at our El Soldado mine in Chile, the 500 tph plant is now fully operational and is delivering value.
In recent years, our Copper business in Chile has been exploring potential new ways of sourcing energy that will reduce our Scope 2 CO2 emissions. This has led to the signing of a 10-year contract with Enel Generación Chile for the supply of energy from fully renewable sources to all our managed Chilean copper operations from January 2021.
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 commercial success.
In terms of safety, 2019 saw us achieve a 2.21 Group Total Recordable Case Frequency Rate – a 17% improvement over 2018 and a record low.
We are working towards a 25% target for % of women in senior management roles across the Group by the end of 2020. We aim to reach 33% by 2023.
Two of the three targets set by the UN have been achieved by Anglo American, a year ahead of schedule.