Anglo American is a mining company headquartered in London, the United Kingdom. Founded in 1917 in Johannesburg, South Africa, it is now one of the
largest mining companies worldwide based on market cap. With 56 sites across 15 countries around the world, its operations are mainly in the exploration and extraction of natural commodities such as base metals, minerals, precious metals. In 2022, Anglo American’s revenue totaled 37.4 billion U.S. dollars.
What does Anglo American produce?
Anglo American has vested interests in numerous commodities. These include copper, diamonds, coal, polyhalite, nickel, iron ore, manganese, and platinum. Anglo American is the world’s largest producer of platinum, accounting for a 37 percent share of the world’s annual production as of 2021. The two most financially rewarding of Anglo American’s segments are the Platinum Group Metals segment and the Iron Ore segment. In 2022, Anglo American's iron ore production totaled 37.7 million metric tons at the company's Kumba mine in South Africa, and another 21.6 million metric tons at its Minas-Rio mine in Brazil. In 2021 Anglo American finalized the sale of its thermal coal mining assets to Glencore, and thus Anglo American only produced steelmaking coal from 2022 onwards. This is due to pressure from investors, regulators, and environmentalists to move away from the polluting fossil fuel as the world looks to cleaner energy sources.
A Diamond is Forever: Anglo American's ownership of De Beers
In 2011, Anglo American increased its stake in the diamond company De Beers to 85 percent, with the remaining 15 percent owned by the Government of the Republic of Botswana. In addition to mines in Botswana, De Beers recovers diamonds in neighboring African nations Namibia and South Africa, as well as in Canada. De Beers is one of the leading diamond mining companies worldwide, with a market share of 27.5 percent. In 2022, De Beers' diamond production amounted to roughly 35 million carats of diamonds.
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