Anglo American Company Research Report
Company Overview
Name: Anglo American
Mission of the Company: Re-imagining mining to improve people's lives by combining smart innovation with utmost consideration for people, their families, local communities, customers, and the world.
Founded: 1917 by Sir Ernest Oppenheimer
Key People:
- Stuart Chambers, Chairman
- Duncan Wanblad, Chief Executive
- John Heasley, Finance Director
- Ian Tyler, Senior Independent Director
- Hilary Maxson, Independent Non-Executive Director
- Hixonia Nyasulu, Independent Non-Executive Director
- Ian Ashby, Independent Non-Executive Director
- Magali Anderson, Independent Non-Executive Director
- Marcelo Bastos, Independent Non-Executive Director
- Nonkululeko Nyembezi, Independent Non-Executive Director
Headquarters: London, United Kingdom
Number of Employees: No information is available
Revenue: $30.7 billion
What is the Company Known For: Anglo American is a leading global mining company, known for producing copper, nickel, platinum group metals, diamonds (through De Beers), premium quality iron ore and steelmaking coal, with crop nutrients in development.
Products
Copper
Description: Vital material for urban and industrial growth, particularly in electrification and energy transition.
Key Features:
- High electrical and thermal conductivity
- Uses include electrical wiring, construction materials, and next-generation vehicles
- Anti-bacterial qualities
Premium Iron Ore
Description: Essential for infrastructure and various industrial uses.
Key Features:
- High grade for manufacturing advanced steel types
- Used in construction, paint, engineering, and medicine
Crop Nutrients
Description: Polyhalite-based fertilisers aimed at sustainable agriculture.
Key Features:
- Developed at the Woodsmith Mine
- Minimizes environmental impact with underground transport and extraction
Nickel
Description: Used in making stainless steel and other alloys.
Key Features:
- Maintains high production rates
- Key material in electronics and aerospace
Platinum Group Metals (PGMs)
Description: Essential for automotive emission controls and fuel cell technology.
Key Features:
- Removes vehicle exhaust emissions
- Used in jewelry and various industrial applications
Diamonds
Description: De Beers Group produces diamonds, widely used in high-end jewelry.
Key Features:
- Known for quality and exclusivity ("A diamond is forever")
- Supplies approximately one-third of the world's rough diamonds by value
Steelmaking Coal
Description: High-quality coal necessary for steelmaking processes.
Key Features:
- Critical for modern infrastructure and low-carbon technologies
- Major operations in Queensland, Australia
Recent Developments
New Partnerships
- August 30, 2024: Anglo American signed MOUs with Sinochem Fertilizer and BeiFeng AMP to develop the polyhalite market in China.
Financial Performance
- Interim Results (July 25, 2024): Reported $5.0 billion in underlying EBITDA
Asset Sales
- July 22, 2024: Sold two royalty assets to Taurus Funds Management for up to $195 million in cash.
Interim Dividend
- July 25, 2024: Declared interim dividend for the year ending December 31, 2024.
Conclusion
Anglo American is focused on maintaining a diverse and high-quality portfolio of assets across several essential commodities. By combining advanced technologies, a strong commitment to sustainability, and meaningful partnerships, the company aims to lead the mining industry towards a more efficient, sustainable, and responsible future.
For more information, please visit [Anglo American's website](https://www.angloamerican.com).
