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Anglo American plc is a British multinational mining company with headquarters in London, ... platinum, and diamonds, through De Beers, in which it owns an 85% share. ...
In August 2008 British charity War on Want published a report accusing Anglo American (who at the time owned 17% of AngloGold Ashanti) of profiting from the abuse of people in the developing countries in which the company operates. [21] The company disclosed itself in 2006 or in 2008 for unacceptable safety performance in its platinum mines.
In 2011, Anglo American took control of De Beers after buying the Oppenheimers' family stake of 40% for US$5.1 billion (£3.2 billion) and increasing its stake to 85%, ending the 80-year Oppenheimer control of the company. [12] In May 2024, Anglo American announced its intention to spin off or sell De Beers. [13]
Anglo American Platinum Limited (JSE: AMS) is the world's largest primary producer of platinum, accounting for about 38% of the world's annual supply. Based in South Africa , most of the group's operations lie to the northwest and northeast of Johannesburg .
In February 2011, Anglo-American announced a proposed joint venture with Lafarge that involved combining both companies' aggregates businesses in the United Kingdom. The merger, which excluded Tarmac Building Products, was completed in March 2013, following receipt of necessary approvals from the UK Competition Commission , forming Lafarge Tarmac .
Source: S&P's Capital IQ. The largest buyers have been BlackRock and Edge Asset Management, which have recently acquired 3.4 million and 1.5 million shares of common stock, respectively.
The Quellaveco mining property is majority–owned by Anglo American. Quellaveco represents one of the largest copper reserves in Peru and in the world, having estimated reserves of 1.1 billion tonnes of ore grading 0.55% copper. [2] The planned development of the mine estimates a processing capacity of 85000 metric tonnes per day.
The aggregates and building materials side of the business retained the Tarmac name and was bought by Anglo American shortly afterwards. In February 2015, Lafarge announced that the business would be sold to CRH plc, once Anglo American had sold its stake. Anglo American completed the sale in July 2015, and the acquisition by CRH completed the ...