Anglo American

ABOUT US

WE CREATE VALUE THAT LASTS

We are a globally diversified mining business.

Our portfolio of world-class competitive mining operations and undeveloped resources provides the raw materials to meet the growing consumer-driven demands of the world’s developed and maturing economies.

Our people are at the heart of our business. They use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products to our customers around the world.

As a responsible miner – of diamonds (through De Beers), platinum and other precious metals, copper, nickel, iron ore and coal – we are the custodians of what are precious natural resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders and for the communities and countries in which we operate – creating sustainable value and making a real difference.

South Africa has a long history when it comes to mining, an industry that forms the backbone of the country’s economy. As Anglo American, we aim to help build a stronger, healthier, and more sustainable South Africa. Ever since our foundations were first laid in Johannesburg way back in 1917, and together with our employees, stakeholders and government, we find ourselves in a profound position to make a real difference and to create shared value for those that come in contact with our business.

SUSTAINABLE AND SHARED VALUE

In a world where people want to build better lives for themselves and their families, but where resources are limited, our goal is to create sustainable value from South Africa’s mineral resources for the good of South Africans.

We do this by having the right resources and know-how, the right people working with the right partners, which is all supported by a solid commitment to responsible, safe and sustainable mining. This helps us to deliver the products that make our world work, provide the economic opportunities that South Africa needs to grow, and minimise any harm that our operations may cause to the environment.

VISION, MISSION AND VALUES

While our aim has always been to generate returns for our shareholders, how we accomplish this – by striving to make a real and lasting contribution to society – is fundamental and defines us as a company. We believe that this is best done through forming mutually beneficial partnerships, as reflected in our vision: “Partners in the future”.

We are guided by our mission: “Together we create sustainable value that makes a real difference”. This is underpinned by our core values of safety, innovation, accountability, care and respect, integrity and collaboration that translate externally into the promise we make to all our stakeholders – Real Mining. Real People. Real Difference.

We are creating an organisation where all people are treated in such a way they willingly give the best they’ve got.

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.

1917

100 YEARS OF EVOLUTION

Throughout our 100-year existence, we have built successful businesses in many industries and expanded beyond our roots in South Africa. Mining has always been at our heart, but our journey has taken us down some interesting paths. Watch the infographic to learn more.

SERVICES

WHAT WE DO

Our step by step process from mine to market is the same around the world.

The first stage is exploration, which involves finding mineral deposits in a sustainable way by our specialised exploration team. Maintaining a social licence to operate throughout this phase and into the development of a mining operation is crucial. This allows us to responsibly mine the economic resources in the ground. We then extract the resource in the safest and most efficient way possible and finally, the mined resource is then processed and refined to add extra value and only then is the commodity ready to be moved and tailored to specific markets.

FIND

Our skilled exploration team finds worthwhile mineral deposits that can safely be mined in a responsible way, ensuring our future success. The regional exploration team in South Africa supports exploration activities throughout the continent.

We also have a Geoscience Facility, in Johannesburg which houses paper records, drill cores and other geological samples from historical work undertaken over many decades.

SECURE

Securing and maintaining our social and legal licence to operate, through open and honest communications with our stakeholders, is critical to the sustainability of our business.

MINE

We have more than 95 years of opencast and deep-level mining experience, along with unique in-house technical specialists, to extract mineral resources in the safest, most efficient way possible.

PROCESS

We generate extra value by processing and re?ning many of our commodities.

MOVE

Whether providing innovative transport solutions within a mine, or co-ordinating global cargo deliveries, we offer ef?cient and effective transportation of our commodities.

MARKET

We collaborate with our customers around the world to tailor products to their speci?c needs.

DE BEERS – THE WORLD’S LEADING DIAMOND COMPANY

OUR BUSINESS

When it comes to the shiniest and toughest mineral on earth, our diamond interests are represented by our 85% shareholding in De Beers, the world’s leading diamond company. Together with its joint ventures, De Beers produces around 35% of the world’s rough diamonds by value, and employs 21,910 people worldwide.

De Beers operates right across the diamond value chain, including exploration, production, the selling of rough diamonds, the marketing of polished diamonds, and retail sales through De Beers Diamond Jewellers.

You can find De Beers’ mines in four countries, namely Botswana, Canada, Namibia and South Africa. Here in South Africa, De Beers has a 74% interest in De Beers Consolidated Mines (DBCM), with the remaining 26% held by Ponahalo Holdings, a black economic empowerment consortium.

DBCM’s operations include Venetia, which produces around 70% of De Beers’ South African diamond production and Voorspoed, a source of large and exotic coloured diamonds.

OUR DIFFERENCE

We strive to unlock the full economic value of our leadership position across the diamond pipeline and do it in a safe and sustainable way. To create shared value, we ensure sustainable development across all our activities, which is an important part of what makes our business model work. This helps us to ensure we do no harm to either our employees or our communities, and reduce the negative impact we have on the environment while at the same time contributing to conservation.

USES OF DIAMONDS

Diamonds are the ultimate precious stone for jewellery and this is reflected in De Beers’ famous slogan: "A diamond is forever".

Retail jewellery drives the market for gem diamonds. The size, colour, shape and clarity of each stone determine its value. The largest diamond jewellery market is the US, with China and India growing strongly.

Meanwhile, synthetic diamonds have become essential for a whole range of industrial and hi-tech uses. These include surgical instruments, precision cutting, optical lenses and safety windows.

PLATINUM

OUR BUSINESS

Based in South Africa, our Platinum business is the world’s leading major producer of platinum. We produce around 37% of the world’s newly mined production of this precious metal. We mine, process and refine the entire range of platinum group metals (PGMs), which are platinum, palladium, rhodium, ruthenium, iridium and osmium.

Our ultimate goal is to run a safe, sustainable, competitive and profitable business that creates shared value for all stakeholders including everyone we interact with from our employees and the communities in which they live, to the investors that drive our operations.

In South Africa we mine an area known as the Bushveld Complex, which happens to contain around 70% of the world’s known platinum resources. Beyond this, we also mine the Great Dyke in Zimbabwe. With this in mind, access to a huge amount of platinum means that our operations are well placed to be a major PGM producer for many years to come.

WHERE WE MINE

Platinum has a total of seven mining operations in the Bushveld Complex, namely Bathopele, Dishaba,Mogalakwena, Siphumelele, Thembelani, Tumela and Union mines. We are also developing the Twickenham mine and own the Der Brochen, Boikgantsho and Sheba’s Ridge Projects.

Elsewhere in the world, Platinum owns Unki Platinum Mine in Zimbabwe and is actively exploring in Brazil. Platinum has a number of strategic joint ventures (JVs) in which it holds significant interests, namely, Bokoni Platinum Mine (49%) a JV with Atlatsa Resources Corporation; Modikwa Platinum Mine (50%), a JV with African Rainbow Minerals Mining Consortium Limited; and the Bafokeng-Rasimone Platinum Mine (BRPM) and the Styldrift project (33%), a JV with Royal Bafokeng Platinum.

In addition, the Company is involved in the following JVs and partnerships: the Bakgatla-Ba-Kgafela where the traditional community holds a 15% share in Union Mine’s north and south mines; the company holds a 42.5% interest in the Pandora JV, with Eastern Platinum Limited a subsidiary of Lonmin plc and its partner Bapo-Ba-Mogale traditional community and Northam Platinum; the Mototolo Platinum Mine (50%) in a partnership with the Glencore Kagiso Tiso Platinum Partnership. Platinum also has a pooling-and-sharing agreement with Aquarius Platinum South Africa, covering the shallow reserves of the Kroondal and Marikana mines that are contiguous with Platinum’s Rustenburg mines.

OUR DIFFERENCE

Operating safely, sustainably and responsibly is a vital part of our business strategy. At Platinum we aim to improve and grow our relationships, and to create a sustainable business, sustainable communities, and sustainable environments in and around our mines. This is how we create shared value for all stakeholders and ensure that mining matters.

USES OF PLATINUM

Platinum’s diverse range of applications make it one of the most valued materials in the world today.

It is widely used in jewellery, due to its purity, resistance to fading and ability to hold jewels securely.

Platinum and other platinum group metals (PGMs) enable catalytic converters to strip pollutants from car exhaust gases, and demand for PGMs from the car industry continues to grow as emissions regulators become ever more stringent.

Platinum has a great range of other uses in the chemical, electrical, medical, glass and petroleum industries. And with rising concern about environment and energy costs, there’s growing interest in platinum fuel cells as an alternative energy source.

IRON ORE

OUR BUSINESS

Kumba is a supplier of high-quality iron ore to the global steel industry and is focused on creating shared value with a range of stakeholders. Iron ore is the key component in steel, the most widely used of all metals. In South Africa our iron ore operations are made up of a 69.7% shareholding in Kumba Iron Ore Limited (Kumba), a leading supplier of seaborne iron ore. Kumba is listed on the Johannesburg Stock Exchange and operates three mines. Sishen and Kolomela mines situated in the Northern Cape and Thabazimbi mine in the Limpopo province.

We have large, high quality iron ore resource in South Africa and Brazil.

OUR DIFFERENCE

At Kumba, we aim to create and leave a positive legacy wherever we go, especially for the communities in and around our operations. We also strive to operate safely and in a way that looks to eliminate harm to people and to the environment, never forgetting to continue with our Corporate Social Investment responsibilities and to create shared value for all of our stakeholders.

USES OF IRON ORE

Of all the metals that make modern life possible, steel is the most widely used – and iron ore is its main ingredient.

Iron ore is needed for train tracks and other types of infrastructure, which is one reason for the great demand from emerging economies such as China and Brazil.

But it’s also used in medicine, cosmetics, engineering, construction, paint and a whole range of products we need for modern life.

THERMAL COAL

OUR BUSINESS

The amalgamation of Anglo American’s metallurgical and thermal coal operations has led to the emergence of a truly global coal business with assets in South Africa, Australia, Canada and Colombia.

This business, under the leadership of Seamus French, became effective on 1 January 2014, and is supported by regional management teams in South Africa, under the leadership of Themba Mkhwanazi.

Our coal business in South Africa produces thermal coal largely for domestic use with a portion being supplied to the export market. In 2015 our South African mines produced a total volume of 50.3 Mt, with export production totalling 17.4 Mt. Productivity improvements resulted in record production at Goedehoop and Zibulo following the implementation of elements of the Anglo American Operating Model.

WHERE WE MINE

Coal South Africa wholly owns and operates seven mines – Goedehoop, Greenside, Kleinkopje, Landau, New Denmark, Isibonelo and New Vaal and has a 73% shareholding in Anglo American Inyosi Coal (AAIC), the broad-based black economic empowerment company we created in June 2010.

AAIC took full ownership of our Kriel operation, the Zibulo multi-product mine and the greenfield projects of New Largo, Elders and Heidelberg. Included in the AAIC business is the double-staged Phola coal washing plant, a 50:50 joint venture with BHP Billiton Energy Coal South Africa (BECSA).

We also have 50% interest in Mafube, a joint venture with South African diversified resources group Exxaro.

Our operations route all export coal through the Richards Bay Coal Terminal (RBCT) in which we hold a 23.2% stake.

OUR DIFFERENCE

Like all our business units, we aim to leave a lasting positive impact in all the communities in the areas where we operate, creating shared value and a sustainable future for all South Africans.

We are also actively involved in finding cleaner coal solutions for the world’s energy needs by developing new technologies in areas such as clean coal, carbon capture and storage, and reduction of methane emissions.

USES OF THERMAL COAL

Coal provides heat to make electricity and steel. It’s still the great driver of the industrial world, fueling the power stations and steelworks of emerging and fast-growing economies.

Thermal coal is the heat source for around 40% of all electricity generated globally today.

In South Africa thermal coal is what the country uses most to generate its electricity. In fact, around 77% of South Africa’s primary energy needs are provided by coal. This is unlikely to change in the decades to come as there is a distinct lack of alternatives to coal as a viable source of energy.

India and China’s reliance on imported thermal coal is expected to drive continued growing demand in the long term.

SUPPLIERS

To create shared value across our operations and throughout our supply chain, we believe in using our core business to support locally-owned businesses through preferential procurement, supplier growth and enterprise development.

By engaging with local businesses in our supply chain, we can make a significant and positive contribution to the communities where we operate. This is extremely important to us and by doing it right we create jobs and develop skills, improve our own efficiencies within our supply chain by lowering logistics costs, and help enable to secure access to critical goods and services. A win-win for all.