Anglo American Corporation
 |
|
| Public limited company | |
| Traded as | : , JSE: AGL |
| Industry | Metals and Mining |
| Founded |
1917 (Johannesburg) (Anglo American plc) |
| Headquarters | London, United Kingdom Johannesburg, South Africa |
|
Area served
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Worldwide |
|
Key people
|
Sir John Parker (Chairman of the Board) Mark Cutifani (CEO) |
| Products | Copper, diamonds, iron ore, metallurgical coal, nickel, platinum and thermal coal |
| Revenue | US$20.455 billion (2015) |
| US$2.038 billion (2015) | |
| US$ (5.842) billion (2015) | |
| Total assets | US$ 52.01 billion (2016) |
|
Number of employees
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Approximately 135,000 (December 2015) |
| Subsidiaries | De Beers |
| Website | www |
1917 (Johannesburg)
(Anglo American Corporation)
Anglo American plc is a multinational mining company based in Johannesburg, South Africa and London, United Kingdom. It is the world's largest producer of platinum, with around 40% of world output, as well as being a major producer of diamonds, copper, nickel, iron ore and metallurgical and thermal coal. The company has operations in Africa, Asia, Australasia, Europe, North America and South America.
Anglo American has a primary listing on the and is a constituent of the FTSE 100 Index. The company has a secondary listing on the Johannesburg Stock Exchange.
In December 2015 the company announced that after a US$3 billion loss in the first half of 2015, it would be undergoing a restructure, including the loss of 85,000 jobs out of 135,000.
Sir Ernest Oppenheimer founded the Anglo American Corporation in 1917 with financial backing from the American bank J.P. Morgan & Co. and £1 million raised from UK and US sources to start the gold mining company. This fact is reflected in the name of the company. The AAC became the majority stakeholder in the De Beers company in 1926, a company formerly controlled by Alfred Beit, also a Jewish-German émigré.
During 1945, the AAC moved into the coal industry by acquiring Coal Estates. Twelve years later, Sir Ernest died in Johannesburg and the company was succeeded by his son, Harry Oppenheimer, who also became chairman of De Beers. In the late 1940s and 1950s, the AAC focused on the development of the Free State goldfields (seven major mines simultaneously) and the Vaal Reefs mine. The success of the mines enabled the company to become the world’s largest gold-mining group.
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