Anglo American is a mining company headquartered in London, the United Kingdom. Founded in 1917 in Johannesburg, it is now one of the largest mining companies worldwide 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 2019, Anglo American’s revenue totaled 31.8 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 and manganese, and platinum. Anglo American is the world’s largest producer of platinum, accounting for more than 30 percent of the world’s annual production. The most financially rewarding of Anglo American’s segments is its iron ore and manganese segment. In 2019, iron ore production totaled 42.4 million metric tons at the companies Kumba mine in South Africa. South Africa is also a source of thermal coal production. However, Anglo American’s is exploring the sale of its coal mining assets in South Africa. 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
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 Canada. De Beers is one of the leading diamond mining companies worldwide, with a market share of 22 percent. In 2019, De Beers produced roughly 31 million carats of diamonds.
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