The chief executive of Anglo American plans to double profitability in the company after shedding low-income operations.
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The diamond mining company, which saw returns of 10% return on capital, has been tasked by its parent company to deliver 15% by 2016.
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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.
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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.
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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.
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/ 8 February 2011
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.
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/ 17 December 2008
Anglo American, one of the world’s largest mining groups, will ”try to minimise the impact of job cuts”, it said on Wednesday.
Working conditions that threaten the lives of mine workers flout the laws of the country, Minister of Minerals and Energy Buyelwa Sonjica said on Tuesday. ”Safety at work is a constitutional imperative that we all have to uphold,” she said at Anglo American’s Safety Summit in Johannesburg.
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/ 11 February 2008
South Africa’s energy needs — specifically refined petroleum products and electricity — were expected to put severe strain on the economy in the short to medium term and ultimately impact negatively on economic growth, Ernst & Young said on Monday.
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/ 5 February 2008
Minerals and Energy Affairs Minister Buyelwa Sonjica on Tuesday denied advising South Africans to go to bed early as a means of conserving electricity. ”That speech didn’t say ‘Go to bed, go to bed, go to bed’,” she said at a media briefing at the launch of the department’s national energy efficiency campaign.
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/ 5 February 2008
Permanent solutions to South Africa’s energy crisis are being sought, Minerals and Energy Minister Buyelwa Sonjica said on Tuesday. "I concede that this situation impacts negatively on planned output of the country’s mining operations," Sonjica said at a mining indaba.
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/ 17 January 2008
Anglo American, the world’s second-largest resources group, on Thursday strengthened its iron-ore portfolio by announcing a $5,5-billion (R37,9-billion) deal that will see it take control of key projects in Brazil. The group is holding exclusive negotiations with Mineração e Metálicos’s controlling shareholder, Eike Batista.
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/ 4 September 2007
The world’s top platinum producer, Angloplat, launched a R35-billion black economic empowerment (BEE) deal on Tuesday to sell mines to two black-led firms and hand out shares to its mostly black workers. The deals will forge two new major players in South Africa’s platinum sector, the world’s largest, and burnish credentials of Angloplat.