Anglo American Dissatation

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Introduction

Anglo American Plc is a mining conglomerate and is one of the largest companies within the mining industry. It originally started in 1917 as a gold mining company going by the name of Anglo American Corp; the name was created when the initial starting capital of £1million was raised from U.K. and U.S. sources (Forbes 2006). In 1999, following a major strategic review, Anglo American merged with Luxembourg headquartered Minorco to form Anglo American Plc, with its primary stock exchange listing and head office in London and secondary listings in Johannesburg, Switzerland, Botswana and Namibia (Anglo American 2012d).

Anglo American “operates in Africa, Europe, South and North America, Australia and Asia” and is a global leader in the mining of both platinum and diamonds (Anglo American 2012c). They employ approximately 100,000 people (Anglo American 2012c) across the world, both in the mines and in local offices, with the majority of employees being based in South Africa, 79,000 (Anglo American 2011). Anglo American employs 10,000 people in South America, which is the second largest proportion of employees in the company, and employs 11,000 people in other countries across the globe (Anglo American 2011). South Africa produces the highest amount of revenue by origin, $17,855million in 2011, which accounted for 49% of the group’s total revenue for that year (Anglo American 2011). When comparing all the countries’ revenue for the year, South Africa has a very dominant position, as all the other countries have less significant revenues of $5,058million or lower (Anglo American 2011). This suggests that South Africa is the main country for production.

They have a highly diversified mining portfolio, comprising of many metals and minerals. In 2011, Anglo American increased their shareholding to 85% in the world’s leading diamond company, De Beers (Anglo American 2012a), which accounted for 6% of the share of Anglo American’s operating profit



References: - Anglo American, 2011. Annual Report 2011. London:Anglo American Plc. Available from: http://www.angloamerican.com/~/media/Files/A/Anglo-American-Plc/reports/aa-annual-report-2011.pdf [Accessed 10 October 2012] - Anglo American, 2012 - Anglo American, 2012c. At a Glance. London. Available from: http://www.angloamerican.com/about/ataglance [Accessed 9 October 2012] - Anglo American, 2012d - Anglo American, 2012e. Mine-closure planning. London. Available from: http://www.angloamerican.com/development/mine-closure-planning/approach [Accessed 29 October 2012] - Anglo American, 2012f - Anglo American, 2012g. Platinum pioneers fuel cell technology in underground mining. London. Available from: http://www.angloamerican.com/media/features/platinum_fuel_cell [Accessed 14 November 2012] - Anglo American, 2012h - Anglo American, 2012i. Responsible investment. London. Available from: http://www.angloamerican.com/development/our-performance/responsible-investment/ftse4-good-index [Accessed 1 November 2012] - Anglo American, 2012j - Antofagasta Plc., 2011. Annual Report and Financial Statements 2011. London:Antofagasta Plc. Available from: http://ar11.antofagasta.co.uk/strategic-review/kpis.aspx [Accessed 1 November 2012] - Australian Bureau of Statistics, 2006 - Boshoff, T., 2012. Health and Safety Committees. South Africa. Available from: http://www.labourguide.co.za/health-and-safety/health-and-safety-committees-1518 [Accessed 14 November 2012] - Carroll, C., 2012 - Davies, M., 2011. Women on Boards. London. Available from: http://www.bis.gov.uk/assets/biscore/business-law/docs/w/11-745-women-on-boards [Accessed 19 October 2012] - Deloitte, 2010 - Garcia, D., 2008. Overview of international mine closure guidelines, pg 4. Available from: http://www.srk.co.uk/files/File/papers/Mine-Closure-Guidelines.pdf [Accessed 10 November 2012] - Guerra, C., 2012 - Kerley, D., 2010. Mining: The Most Dangerous Job? ABC World News. 6 April 2010. Available from: http://abcnews.go.com/WN/mining-dangerous-job/story?id=10301377 [Accessed 2 November 2012] - Korch, T., 2012 - London Mining Plc., 2012. Annual Report 2011. London:London Mining Plc. Availble from: http://www.londonmining.co.uk/uploads/londonmining_annualreport2011.pdf [Accessed 3 November 2012] - Moody’s Investors Service, 2009 - Standard and Poor 's, 2012. Credit Ratings Definitions and FAQs. New York. Available from: http://www.standardandpoors.com/ratings/definitions-and-faqs/en/us#def_1 [Accessed 20 October 2012] - The London Business School, 2012 - The London Business School, 2012. Risk Measurement Service. Vol 34 (1). London: Institute of Finance and Accounting, p.61 - The London Business School, 2012 - The London Business School, 2012. Risk Measurement Service. Vol 34 (7). London: Institute of Finance and Accounting, p.61 - The Telegraph, 2012 - The Times 100, 2012. Adding value through asset optimisation. Leeds. Available from: http://businesscasestudies.co.uk/anglo-american/adding-value-through-asset-optimisation/introduction.html [Accessed 16 October 2012] - The Times 100, 2012a - The Times 100, 2012b. Commitment to stakeholders. Leeds. Available from: http://businesscasestudies.co.uk/anglo-american/working-for-sustainable-development-in-primary-industry/commitment-to-stakeholders.html#axzz2Cw5Hx02q [Accessed 15 November 2012]

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