Operations
The company focuses on natural resources with five core business units: base metals, coal, diamonds, iron ore (or ferrous metals and industries) and platinum. Its operating footprint includes Africa, Asia, Australia, Europe, North America and South America.
Wholly owned subsidiaries include Anglo Base Metals, Anglo Ferrous Metals and Industries, Anglo Thermal and Anglo Industrial Minerals (Tarmac). Partially owned subsidiaries include Copebras (Brazil), Anglo Platinum Ltd (South Africa)(79.6%)and 63.4% of Kumba Iron Ore. The paper and packaging business Mondi Group was spun out in 2007. It also holds 45% of the diamond mining company De Beers. Anglo-American entered into talks in November 2011 with the Oppenheimer family to purchase an additional 40% stake in De Beers for $5.1 billion, which would increase their stake to 85%.
In 2008, the company had 105,000 permanent employees and 39,000 contract employees in its managed operations located in 45 countries.
Anglo American's biggest project is the Minas-Rio iron ore project in Brazil; it has faced delays and high costs, but in December 2010 Anglo American gained a key license from the government that would allow work to start. Production is initially expected to be 26.5Mt/y; iron ore would be sent through a 525 km slurry pipeline to a port at Açu
Read more about this topic: Anglo American Plc
Famous quotes containing the word operations:
“You can’t have operations without screams. Pain and the knife—they’re inseparable.”
—Jean Scott Rogers. Robert Day. Mr. Blount (Frank Pettingell)
“It may seem strange that any road through such a wilderness should be passable, even in winter, when the snow is three or four feet deep, but at that season, wherever lumbering operations are actively carried on, teams are continually passing on the single track, and it becomes as smooth almost as a railway.”
—Henry David Thoreau (1817–1862)
“A sociosphere of contact, control, persuasion and dissuasion, of exhibitions of inhibitions in massive or homeopathic doses...: this is obscenity. All structures turned inside out and exhibited, all operations rendered visible. In America this goes all the way from the bewildering network of aerial telephone and electric wires ... to the concrete multiplication of all the bodily functions in the home, the litany of ingredients on the tiniest can of food, the exhibition of income or IQ.”
—Jean Baudrillard (b. 1929)