The chief executive of Anglo American plans to double profitability in the company after shedding low-income operations.
The diamond mining company, which saw returns of 10% return on capital, has been tasked by its parent company to deliver 15% by 2016.
The mining giant is pleased with the performance of its copper operations but has maintained output forecasts for fear of setbacks.
Miner Anglo American has posted an annual net loss of $1.49-billion after taking a $4.6-million hit on its iron ore project and platinum assets.
Anglo American Platinum outgoing head Cynthia Carroll has told the mining indaba delegation that South Africa was at a pivotal moment.
British Business Secretary Vince Cable will write to the bosses of the eight companies in the FTSE 100 index that still have men-only boardrooms..
Violence witnessed in the mining sector this year stems from "underlying social problems that remain", says Anglo American's CEO Cynthia Carroll.
The past year has seen the axe fall on a number of controversial characters. The Mail & Guardian looks at 2012's high-profile job losses.
But with so many risks beyond their control, the one question is, who would want to take up Cynthia Carroll's position as Anglo American's CEO?
South Africa's markets have welcomed news that Anglo American's chief executive Cynthia Carroll has stepped down, with stock shooting up 1.8%.
Anglo American CEO Cynthia Carroll has resigned from the position, saying she felt it was the right time to step down.
Daniel Thakamakau, a South African miner who allegedly contracted TB after digging gold for Anglo American, has demanded compensation.
The Oppenheimer dynasty has ended by selling their 40% of De Beers to global miner Anglo American for $5.1-billion.
Governments must steer clear of the "blind alleys" of nationalisation and excessive tax, Anglo American's Cynthia Carroll said on Thursday.
Anglo American plc has offered medical treatment to 14 former miners who have brought a test case against its South African subsidiary.
Susan Shabangu is still opposed to the nationalisation of mines even though the ANC is researching the issue.
Nationalising SA's mines would be the country's path to ruin and would drive away billions of dollars in investments, Anglo American has warned.
Cynthia Carroll, chief executive of Anglo American, will become chairperson of Anglo Platinum with effect from September 1 2010.
As with most commodities companies, both Xtrata and Anglo American have taken a knock in the global slow down as demand for their goods has plummeted.