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Anglo American plc AI simulator
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Anglo American plc AI simulator
(@Anglo American plc_simulator)
Anglo American plc
Anglo American plc is a British multinational mining company with headquarters in London, England. It is the world's largest producer of platinum, representing approximately 40 percent of global output, as well as being a major producer of diamonds, copper, nickel, iron ore, polyhalite and steelmaking coal. The company has operations in Africa, Asia, Australia, Europe, North America and South America.
Anglo American has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. The company has a secondary listing on the Johannesburg Stock Exchange. In the 2020 Forbes Global 2000, Anglo American was ranked as the 274th largest public company in the world.
Ernest Oppenheimer, a Jewish German émigré, founded the Anglo American Corporation (AAC) in 1917 in Johannesburg, South Africa, 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 company's name. 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.
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. During 1945, the AAC moved into the coal industry by acquiring Coal Estates. Twelve years later, Oppenheimer died in Johannesburg and was succeeded as head of the company by his son Harry, who also became chairman of De Beers.
In 1961, the AAC expanded outside of southern Africa for the first time and became a major investor in The Hudson Bay Mining and Smelting Company. In 1967, the company moved into the steel industry by acquiring Scaw Metals. From 1967 to 1975, it continued to grow and established a number of ventures, including the Mondi Group (timber, pulp and paper), Amgold (later AngloGold Ashanti) and then Amcoal (through the consolidation of several of its mining operations in South Africa; later known as Anglo Coal and in 2010 changed to Anglo Thermal). In 1982, Harry Oppenheimer retired as chairman of the AAC and was succeeded by Gavin Relly. Two years later, Oppenheimer retired from De Beers and passed the chairmanship to Julian Ogilvie Thompson, who in 1990 also became chairman and chief executive of the AAC.
On 24 May 1999, Anglo American Corporation merged with Minorco to form Anglo American plc, with its primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange. Its gold mining operations were spun off into the separate AngloGold corporation, which in 2004 merged with the Ashanti Goldfields Corporation to form AngloGold Ashanti. Anglo American reduced its stake in AngloGold Ashanti to 16.6% in 2008.
In 2000, Julian Ogilvie Thompson retired as chief executive of Anglo American and was succeeded by Tony Trahar. Ogilvie Thompson also retired as chairman in 2002 and was replaced by Mark Moody-Stuart. In the same year, Anglo American acquired Tarmac, a supplier of building materials, and Shell Petroleum Company's Australian coal assets. In 2001, De Beers was privatised after being a listed company for more than 70 years.
In 2002, South Africa's Mining Charter was approved, and Anglo American and other mining companies with operations in the country were mandated to transfer a percentage of their South African production to historically disadvantaged South Africans. From 2002 to July 2008 Anglo American carried out black community economic empowerment transactions (across all businesses with operations in South Africa) totalling R26 billion. Also, in 2002, Anglo Base Metals acquired the Disputada de Las Condes copper operations in Chile from ExxonMobil and opened a representative office in Beijing, China. The Diputada de Las Condes purchase became later controversial in Chile when it was made public that Exxon Minerals had purchased the mine from Chilean state-owned ENAMI for 93 million US$ in 1977 and sold it to Anglo American for 1,300 million US$. In 2003, Anglo American acquired a majority stake in iron ore producer Kumba Resources.
Anglo American plc
Anglo American plc is a British multinational mining company with headquarters in London, England. It is the world's largest producer of platinum, representing approximately 40 percent of global output, as well as being a major producer of diamonds, copper, nickel, iron ore, polyhalite and steelmaking coal. The company has operations in Africa, Asia, Australia, Europe, North America and South America.
Anglo American has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. The company has a secondary listing on the Johannesburg Stock Exchange. In the 2020 Forbes Global 2000, Anglo American was ranked as the 274th largest public company in the world.
Ernest Oppenheimer, a Jewish German émigré, founded the Anglo American Corporation (AAC) in 1917 in Johannesburg, South Africa, 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 company's name. 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.
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. During 1945, the AAC moved into the coal industry by acquiring Coal Estates. Twelve years later, Oppenheimer died in Johannesburg and was succeeded as head of the company by his son Harry, who also became chairman of De Beers.
In 1961, the AAC expanded outside of southern Africa for the first time and became a major investor in The Hudson Bay Mining and Smelting Company. In 1967, the company moved into the steel industry by acquiring Scaw Metals. From 1967 to 1975, it continued to grow and established a number of ventures, including the Mondi Group (timber, pulp and paper), Amgold (later AngloGold Ashanti) and then Amcoal (through the consolidation of several of its mining operations in South Africa; later known as Anglo Coal and in 2010 changed to Anglo Thermal). In 1982, Harry Oppenheimer retired as chairman of the AAC and was succeeded by Gavin Relly. Two years later, Oppenheimer retired from De Beers and passed the chairmanship to Julian Ogilvie Thompson, who in 1990 also became chairman and chief executive of the AAC.
On 24 May 1999, Anglo American Corporation merged with Minorco to form Anglo American plc, with its primary listing on the London Stock Exchange and a secondary listing on the Johannesburg Stock Exchange. Its gold mining operations were spun off into the separate AngloGold corporation, which in 2004 merged with the Ashanti Goldfields Corporation to form AngloGold Ashanti. Anglo American reduced its stake in AngloGold Ashanti to 16.6% in 2008.
In 2000, Julian Ogilvie Thompson retired as chief executive of Anglo American and was succeeded by Tony Trahar. Ogilvie Thompson also retired as chairman in 2002 and was replaced by Mark Moody-Stuart. In the same year, Anglo American acquired Tarmac, a supplier of building materials, and Shell Petroleum Company's Australian coal assets. In 2001, De Beers was privatised after being a listed company for more than 70 years.
In 2002, South Africa's Mining Charter was approved, and Anglo American and other mining companies with operations in the country were mandated to transfer a percentage of their South African production to historically disadvantaged South Africans. From 2002 to July 2008 Anglo American carried out black community economic empowerment transactions (across all businesses with operations in South Africa) totalling R26 billion. Also, in 2002, Anglo Base Metals acquired the Disputada de Las Condes copper operations in Chile from ExxonMobil and opened a representative office in Beijing, China. The Diputada de Las Condes purchase became later controversial in Chile when it was made public that Exxon Minerals had purchased the mine from Chilean state-owned ENAMI for 93 million US$ in 1977 and sold it to Anglo American for 1,300 million US$. In 2003, Anglo American acquired a majority stake in iron ore producer Kumba Resources.