Anglo American plc operates in the mining industry. The company’s portfolio of mining assets includes precious, base and bulk commodities. Business The company’s mining businesses are Platinum, Diamonds, Base Metals, Iron Ore (Ferrous Metals) and Coal. It has operations in approximately 45 countries. Platinum The company mines, processes and refines the entire range of platinum group metals (platinum, palladium, rhodium, ruthenium, iridium and osmium). All of Anglo Platinum’s operations are located in South Africa. Anglo Platinum wholly owns five mining operations, a tailings re-treatment facility, three smelters, a base metals refinery and a precious metals refinery, all in the Limpopo and North West provinces of South Africa. Each of its mines operates its own concentrator facilities, with smelting and refining of the output being undertaken at Rustenburg Platinum Mines’ metallurgical facilities. The company’s 100% owned mining operations comprise Rustenburg Platinum Mines’ Rustenburg, Amandelbult, Mogalakwena and Twickenham sections as well as Lebowa Platinum Mines, 51% of which is held for sale. Rustenburg Platinum Mines’ Union Section is 85% held, with a black economic empowerment (BEE) partner, the Bakgatla-Ba-Kgafela traditional community, holding the remainder. Anglo Platinum also has a 50:50 joint venture with a BEE consortium, led by African Rainbow Minerals, over the Modikwa platinum mine, a joint venture with Royal Bafokeng Resources, a BEE partner, over the combined Bafokeng-Rasimone platinum mine and Styldrift properties and a joint venture with Xstrata over the Mototolo mine. In addition, Anglo Platinum has joint ventures with Aquarius Platinum covering the shallow reserves of the Kroondal and Marikana mines and portions of the reserves at Anglo Platinum’s Rustenburg Section. Diamonds Anglo American’s diamond interests are represented by its 45% shareholding in De Beers. De Beers operates in the diamond business. Its activities include all aspects of the diamond pipeline, including prospecting, mining and recovery. De Beers produces approximately 40% of the rough diamonds by value from its mines in Botswana, Canada, Namibia and South Africa. De Beers holds a 50% interest in Debswana Diamond Company and in Namdeb Diamond Corporation, owned jointly with the Government of Botswana and the Government of Namibia, respectively, and a 70% shareholding in De Beers Marine Namibia. In addition, De Beers has a 74% shareholding in South African based De Beers Consolidated Mines Limited, with a broad-based black economic empowerment consortium (the Ponahalo group) holding the balance. De Beers owns 100% of The Diamond Trading Company (DTC), the sales and rough diamonds distribution arm of De Beers. It also has a 50% interest with the Government of Botswana in Diamond Trading Company Botswana (DTCB) and a 50% ownership, along with the Government of Namibia’s matching shareholding, in Namibia Diamond Trading Company (NDTC). De Beers and LVMH Moët Hennessy Louis Vuitton have established a high-end retail jewellery joint venture, through De Beers Diamond Jewellers (DBDJ), with stores in the areas of New York, Los Angeles, London, Paris, Tokyo and Dubai. De Beers, through Element Six, is a major producer of synthetic industrial diamond material; applications include cutting, grinding, polishing, wire making and other technical and scientific uses. Base Metals Anglo Base Metals has interests in 13 operations in six countries, producing copper, nickel, zinc, niobium and phosphate fertilizers, together with associated by-products, including lead, molybdenum and silver. In Chile, its six copper operations comprise the wholly owned Los Bronces, El Soldado, Mantos Blancos and Mantoverde mines, the Chagres smelter and a 44% interest in the Collahuasi mine. Other South American operations are the Loma de Níquel nickel mine in Venezuela, and the Codemin nickel and Catalão niobium mines in Brazil. Anglo Base Metals also has a controlling interest in Copebrás, a Brazilian producer of phosphate fertilisers and phosphoric acid. In southern Africa, the Skorpion mine produces zinc and the Black Mountain mine produces zinc and associated by-products such as lead. Anglo Base Metals’ sole European operation is the Lisheen zinc and lead mine in Ireland. Ferrous Metals Anglo Ferrous Metals’ primary business is iron ore. In South Africa, it holds a 63% shareholding in Kumba Iron Ore and in Brazil, it holds a 99.4% interest in the Minas-Rio iron ore project, a 69.2% interest in the Amapá iron ore system and a 49% interest in LLX Minas-Rio, the owner of the port of Açu. Other interests principally comprise Samancor Manganese (manganese ore and alloy mining) and Scaw Metals (carbon steel products). Through Kumba Iron Ore, Anglo American engages in the iron ore production. Coal The company’s coal interests are held through its wholly owned Anglo Coal business. Anglo Coal produces approximately 100 million tonnes of thermal and metallurgical coal from four geographic regions: South Africa, Australia, South America (Venezuela and Colombia) and North America (Canada). Industrial Minerals Anglo Industrial Minerals’ sole business is Tarmac, the aggregate and building products business. Tarmac has operations in the U.K construction materials industry, as well as markets in continental Europe and the Middle East. History Anglo American plc was founded in 1917.
anglo american plc
(AAL:London Stock Exchange)
20 Carlton House Terrace
London, SW1Y 5AN
Phone: 44 20 7698 8888
Fax: 44 20 7968 8500www.angloamerican.com
|Alcoa Inc||$14.95 USD||+0.16|
|Apache Corp||$65.79 USD||-0.05|
|Devon Energy Corp||$60.86 USD||-0.73|
|Freeport-McMoRan Inc||$21.13 USD||-0.50|
|MMC Norilsk Nickel OJSC||11,269 RUB||+87.00|
|View Industry Companies|
|Price/Cash Flow||NM||Not Meaningful|
Sponsored Financial Commentaries
To contact ANGLO AMERICAN PLC, please visit www.angloamerican.com. Company data is provided by Capital IQ. Please use this form to report any data issues.