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Country by Country Reporting
COUNTRY BY COUNTRY REPORTING PUBLICATION REPORT 2018 (REVISED) Anglo American is a leading global mining company We take a responsible approach to the management of taxes, As we strive to deliver attractive and sustainable returns to our with a world class portfolio of mining and processing supporting active and constructive engagement with our stakeholders shareholders, we are acutely aware of the potential value creation we operations and undeveloped resources. We provide to deliver long-term sustainable value. Our approach to tax is based can offer to our diverse range of stakeholders. Through our business on three key pillars: responsibility, compliance and transparency. activities – employing people, paying taxes to, and collecting taxes the metals and minerals to meet the growing consumer We are proud of our open and transparent approach to tax reporting. on behalf of, governments, and procuring from host communities – driven demands of the world’s developed and maturing In addition to our mandatory disclosure obligations, we are committed we make a significant and positive contribution to the jurisdictions in economies. And we do so in a way that not only to furthering our involvement in voluntary compliance initiatives, such which we operate. Beyond our direct mining activities, we create and generates sustainable returns for our shareholders, as the Tax Transparency Code (developed by the Board of Taxation in sustain jobs, build infrastructure, support education and help improve but also strives to make a real and lasting positive Australia), the Responsible Tax Principles (developed by the B Team), healthcare for employees and local communities. By re-imagining contribution to society. -
De Beers - Wikipedia
6/23/2020 De Beers - Wikipedia De Beers De Beers Group is an international corporation that specialises in diamond exploration, diamond mining, diamond retail, diamond De Beers Group trading and industrial diamond manufacturing sectors. The company is currently active in open-pit, large-scale alluvial, coastal and deep sea mining.[4] It operates in 35 countries and mining takes Industry Mining and trading place in Botswana, Namibia, South Africa, Canada and Australia. of diamonds From its inception in 1888 until the start of the 21st century, De Beers controlled 80% to 85% of rough diamond distribution and was Founded 1888 accused of being a monopoly.[5] Competition has since dismantled Founder Cecil Rhodes the complete monopoly, though the De Beers Group still sells London, United [6] Headquarters approximately 35% of the world's rough diamond production Kingdom through its global sightholder and auction sales businesses.[7] Area served Worldwide The company was founded in 1888 by British businessman Cecil Key people Mark Cutifani Rhodes, who was financed by the South African diamond magnate (Chairman) Alfred Beit and the London-based N M Rothschild & Sons bank.[8][9] Bruce Cleaver In 1926, Ernest Oppenheimer, a German immigrant to Britain and (CEO) later South Africa who had earlier founded mining company Anglo Products Diamonds American with American financier J.P. Morgan,[10] was elected to Diamond marketing the board of De Beers.[11] He built and consolidated the company's Services and promotion global monopoly over the diamond industry until his death in 1957. During this time, he was involved in a number of controversies, Revenue $6.08 billion including price fixing and trust behaviour, and was accused of not (2018)[1] releasing industrial diamonds for the U.S. -
PROSPECTUS US$1,500,000,000 Anglo American
PROSPECTUS US$1,500,000,000 Anglo American Capital plc US$850,000,000 3.625% Senior Notes due 2020 US$650,000,000 4.875% Senior Notes due 2025 Guaranteed by Anglo American plc This prospectus is being published by Anglo American Capital plc (the “Issuer”) in connection with Admission (as defined below) of its US$850 million of its 3.625% Senior Notes due 2020 (the “2020 Notes”) and US$650 million of its 4.875% Senior Notes due 2025 (the “2025 Notes” and, together with the 2020 Notes, the “Notes”) with such Notes to be guaranteed (the “Guarantees”) by Anglo American plc (the “Company”, “Guarantor” or “Anglo American” and, together with the Company’s subsidiaries, joint ventures and associates, “Anglo American Group”, the “Group”, “we”, “us” or “our”). Interest will be paid on the Notes semi-annually and in arrears on May 14 and November 14 of each year, commencing on November 14, 2015. The 2020 Notes and the 2025 Notes will mature on May 14, 2020 and May 14, 2025, respectively. The Issuer has the option to redeem all or a portion of the Notes at any time at the redemption prices set forth in this document. The Notes will be unsecured senior obligations of the Issuer and will rank equally with all of its other existing and future unsubordinated indebtedness. The Notes will be issued in fully registered form and only in denominations of US$200,000 and integral multiples of US$1,000 in excess thereof. For a more detailed description of the Notes, see “Description of the Notes and the Guarantees” beginning on page 141. -
• Engage • Integrate • Perform • Grow
Anglo Americanplc Annual Report2007 Anglo American plc 20 Carlton House Terrace Our strategy in action: London SW1Y 5AN England Tel +44 (0)20 7968 8888 • Engage Fax +44 (0)20 7968 8500 Registered number 3564138 www.angloamerican.co.uk • Integrate • Perform • Grow Annual Report 2007 88549_AA_Rep_COVER_bm_260208.indd1549_AA_Rep_COVER_bm_260208.indd1 1 229/2/089/2/08 223:13:553:13:55 About Anglo American Anglo American aims to become the leading global mining company We are committed to delivering operational excellence in a safe and responsible way, adding value for shareholders, customers, employees and the communities in which we operate About Anglo American 58 Governance 01 Highlights of the year 58 The Board 02 Our locations 60 Executive Committee 02 Our operations 61 Directors’ report 04 Chairman’s statement 65 Corporate governance 06 Chief executive’s statement 70 Remuneration report 10 Our strategy in action 83 Independent remuneration report review 84 Statement of directors’ responsibilities 14 Operating and fi nancial review 85 Financial statements 15 Group overview 15 The Group 86 Independent auditors’ report 15 The businesses 87 Principal statements 17 Key performance indicators (KPIs) 91 Notes to fi nancial statements 18 Performance against KPIs 25 Resources 27 Group fi nancial performance 136 Other information 31 Business unit overview 136 Ore Reserves and Mineral 31 Platinum Resources estimates 35 Diamonds 158 Production statistics 38 Base Metals 163 Exchange rates and commodity prices 43 Ferrous Metals 164 Key fi nancial data Printed on Revive 50:50 Silk and Revive 100 46 Coal 166 Summary by business segment 51 Industrial Minerals Uncoated paper. Revive 50:50 Silk is made from 167 Reconciliations of reported earnings pre and post consumer waste and virgin wood fi bre, 54 Discontinued operations 168 The business – an overview Revive 100 Uncoated is made from 100% de-inked post consumer waste. -
News Release
NEWS RELEASE 15 February 2013 Anglo American announces underlying EBITDA(1) of $8.7 billion and underlying operating profit(2) decrease to $6.2 billion Financial results driven lower by commodity prices in weak global economic conditions (2) • Group underlying operating profit of $6.2 billion, decreased by 44% (3) • Underlying earnings of $2.8 billion and underlying EPS of $2.26 • Following one-off impairments, loss attributable to equity shareholders of $1.5 billion (4) (5) • Net debt of $8.6 billion at 31 December 2012 (pro forma net debt of $9.3 billion) Safety • It is regrettable that 13 employees lost their lives in work related incidents – safety programmes continuing to drive for zero harm with 70% reduction in fatalities since 2006 • 48% improvement in lost time injury frequency rate since 2006 Disciplined capital allocation • Aiming to maintain a strong investment grade rating, with the Board’s commitment to sustain the rebased dividend and return surplus cash to shareholders • Final dividend increased by 15% to 53 US cents per share, bringing rebased total dividends for 2012 to 85 US cents per share, a 15% increase Impairments recorded and Platinum review proposals announced • Minas-Rio project cost and schedule review confirms FOOS end of 2014 and $8.8 billion expected capital expenditure (including $0.6 billion contingency) – $4.0 billion post-tax impairment • Platinum industry currently facing challenging economic conditions- $0.6 billion post tax impairment in 2012 on projects. Platinum proposed restructuring to create a -
De Beers in Botswana Site Visit – November 2016 Partnership Between Botswana and De Beers Is Mutually Beneficial
DE BEERS IN BOTSWANA SITE VISIT – NOVEMBER 2016 PARTNERSHIP BETWEEN BOTSWANA AND DE BEERS IS MUTUALLY BENEFICIAL The De Beers Group of Companies 1 1 CUMULATIVELY, THE LAST THREE YEARS HAVE SEEN THE STRONGEST DIAMOND JEWELLERY DEMAND EVER, DESPITE SOME WEAKER CONDITIONS IN H2 2015 GLOBAL TOTAL 2009-2015 CAGR 4% The De Beers Group of Companies 2 2 Source: The Diamond Insight Report 2016, De Beers CONSOLIDATED ROUGH DIAMOND SALES TO Q3 2016 UP 39% (AFTER A WEAK H2 2015) 700 Cycle 3 600 666 Cycle 4 Cycle 7 Cycle 2 636 639 617 Cycle 5 Cycle 1 564 500 545 Cycle 6 528 Cycle 8 494 Cycle 9 400 470 (P) 300 Cycle 10 200 (2015) 248 100 0 US$ million H1 2016: 3,028The De Beers Group of Companies H2 2016 TO CYCLE 9: 2,131 3 (H1 2015: 2,748) (H2 2015: 1,381) 3 OUR FIVE KEY AREAS OF FOCUS 1 Enduring partnerships 2 Implementation of the operating model to optimise cost and productivity 3 Innovation across the pipeline 4 Tailored consumer propositions 5 Attractive portfolio – profitable growth options The De Beers Group of Companies 4 4 THE RIGHT PEOPLE IN THE RIGHT PLACES DOING THE RIGHT THINGS The De Beers Group of Companies 5 5 YOUR VISIT: GSS AND JWANENG ARE UNIQUE AND VALUABLE ASSETS Global Sightholder Sales Debswana: Jwaneng Mine Key facts Key takeaways Key facts Key takeaways • Relocated from London to • World’s leading rough • Originally incorporated as De • Jwaneng is the world’s Gaborone in 2013 diamond facility Beers Botswana Mining most valuable • Sells 90%, by value, of De • Underpins ability to Company in 1969 diamond mine Beers production achieve optimum price • 50/50 JV between GRB & De • Large resource/long • Sells to 85 of the world’s as part of integrated Beers life/low cost leading diamond distribution system • Profit share (pre-tax) 80.8% • Produces c.12m companies • Additional value captured GRB:19.2% De Beers carats p.a. -
AA Press Release HY 2021
HALF YEAR FINANCIAL REPORT for the six months ended 30 June 2021 This page has been intentionally left blank. 29 July 2021 Anglo American Interim Results 2021 Strong market demand and operational resilience deliver underlying EBITDA of $12.1 billion Financial highlights for the six months ended 30 June 2021 • Underlying EBITDA* of $12.1 billion, driven by strong market demand and operational resilience • Profit attributable to equity shareholders of $5.2 billion • Net debt* of $2.0 billion (0.1 x annualised underlying EBITDA), reflecting strong cash generation • $4.1 billion shareholder return, reflecting capital discipline and commitment to return excess cash: ◦ $2.1 billion interim dividend, equal to $1.71 per share, consistent with our 40% payout policy ◦ $2.0 billion additional return: $1.0 billion special dividend and $1.0 billion share buyback • Exit from thermal coal operations: Thungela demerger completed and sale of Cerrejón interest announced Mark Cutifani, Chief Executive of Anglo American, said: “The first six months of 2021 have seen strong demand and prices for many of our products as economies begin to recoup lost ground, spurred by stimulus measures across the major economies. The platinum group metals and copper – essential to the global decarbonisation imperative as we electrify transport and harness clean, renewable energy – and premium quality iron ore for greener steelmaking, supported by an improving market for diamonds, all contributed to a record half year financial performance, generating underlying EBITDA of $12.1 billion. “Against a backdrop of ongoing Covid hardships in many countries, our commitment to do everything we can to help protect our people and communities stands firm. -
THE GLOBAL DIAMOND INDUSTRY Lifting the Veil of Mystery This Work Was Commissioned by AWDC and Prepared by Bain
THE GLOBAL DIAMOND INDUSTRY Lifting the Veil of Mystery This work was commissioned by AWDC and prepared by Bain. This work is based on secondary market research, analysis of financial informa- tion available or provided to Bain & Company and AWDC, and a range of interviews with customers, competitors and industry experts. Bain & Company and AWDC have not independently verified this information and make no representation or warranty, express or implied, that such information is accurate or complete. Projected market and financial information, analyses and conclusions contained herein are based (unless sourced otherwise) on the information described above and on Bain & Company’s and AWDC’s judgment, and should not be construed as definitive forecasts or guarantees of future performance or results. Neither Bain & Company nor AWDC nor any of their subsidiaries or their re- spective officers, directors, shareholders, employees or agents accept any responsibility or liability with respect to this document. This document is copyright Bain & Company, Inc. and AWDC and may not be published, copied or duplicated, in whole or in part, without the written permis- sion of Bain and AWDC. Copyright © 2011 Bain & Company, Inc. and Antwerp World Diamond Centre private foundation (AWDC) All rights reserved Diamond Industry Report 2011 | Bain & Company, Inc. Contents Note to readers..................................................................................................1 1. Introduction to diamonds.....................................................................................3 -
Annual Report Is Once Again Dedicated
WitsAnnual FoundationReport 2012 Celebrating 90 years of excellence 1 2 CONTENTS The Wits Foundation Overview 5 Chairman’s Report 6 Foundation Board of Trustees and Governors 8 Message from the Deputy Vice-Chancellor: Advancement and Partnerships 10 Director’s Report 12 Working Together with our Trust and Foundation partners 14 Chancellor’s Annual Fund 16 Statement of Responsibility of The Foundation Board 18 Independent Auditors Report 19 Statement of Comprehensive Income 20 Statement of Financial Position 21 Statement of Changes In Foundation Funds 22 Statement of Cash Flows 23 Notes to the Annual Financial Statements 24 List of Donors 41 3 4 THE WITS FOUNDATION OVERVIEW The University of the Witwatersrand Foundation was established by a Deed of Trust in 1978 as a registered Public Benefit Organisation (PBO) to collect and administer donations for the benefit of the University. A Board of Governors and Trustees appointed by the University Council manage the Wits Foundation, which is recognised as a PBO in terms of Section 30 of the Income Tax Act No 58 of 1962, as amended, and operates exclusively for charitable and educational purposes. The Foundation has associated charitable entities in New York (registered as a Section 501 (c) company) and in London (Registered Charity No. 1087539) which enable donors in the USA and UK to receive tax benefits for their donations to the University. In January 2008, the fundraising component of the Wits Foundation separated to form the Development and Fundraising Office (DFO), which now operates as a University unit. While the Foundation continues to collect, administer and manage funds, the DFO focuses on professional development activities which include fundraising, database management, research and proposal writing, in line with the University’s Fundraising Policy. -
Diam Ond Intelligence Briefs Diam Ond
DIAMOND 22 August 2012 Vol.27 ♦ No.721 INTELLIGENCE By Chaim Even-Zohar August 16, 2012: Bye, Nicky; Hi, Cynthia The final check was for US$5.2 billion. With the money in the bank,Nicky Oppenheimer cleared his desk and moved out of his offices. With a final click on his e-mail’s “send” button, Nicky dispatched a quite compassionate “dear colleagues” farewell letter to the De Beers employees. (See full text of letter following this editorial.) It is a telling, historic document. “Moving forward, we will be out of the diamond business, but we will be keeping our eye on you,” he writes. Apparently, the Anglo American sales agreement contains a restraining clause – Nicky and Jonathan Oppenheimer must refrain from any involvement in the diamond business for one year. Any active partnership in the business needs to be resolved. Nicky won’t come back; what position could possibly be available for him? Having celebrated his 67th birthday on the eighth of June, retirement age for most of us, what could possibly beat going home with US$5.2 billion – some US$100 million more than initially announced? (Anglo American explains that the extra US$100 million comprises “a number of adjustments as provided for under the agreement.”) Nicky (l) and Jonathan Oppenheimer Jonathan’s Future BRIEFS Nicky’s son, Jonathan, is a different story. He will turn 43 in another three months. The best part of his professional life is still in front of him. I have always believed – and still do – that he will end up selling gem-quality synthetic diamonds. -
De Beers Report to Society in Review 2015
De Beers | Report to Society in Review | 2015 BUILDING FOREVER REPORT TO SOCIETY IN REVIEW 2015 OVERVIEW PRIORITIES LOOKING FORWARD INTRODUCTION OUR BUSINESS A GLOBAL VALUE CHAIN AT A GLANCE EXPLORATION PRODUCTION ROUGH DIAMOND CUTTING, POLISHING BRANDS/RETAIL SALES AND MANUFACTURING De Beers’ exploration De Beers has both De Beers sells its rough The cutting and polishing De Beers markets activities are currently underground and open- diamond production of diamonds and the polished diamonds to focused in Canada, pit mines in Botswana, via contract sales to manufacture of diamond consumers through Botswana, South Africa Canada and South Africa. customers, known as jewellery are concentrated Forevermark, which and Namibia, where we Sightholders and in Belgium, Botswana, promises a consumer De Beers was established in 1888 and is a member of the Anglo American plc use highly sophisticated We also commercially Accredited Buyers, and China, India, Israel, that their diamond is technologies to find and mine alluvial diamonds via rough diamond Namibia, South Africa beautiful, rare and group. We are the world’s leading diamond company, with unrivalled determine the economic in Namibia using onshore auctions. and the United States. responsibly sourced; viability of deposits. extraction techniques and retails diamond expertise in the exploration, mining, sorting, valuing, selling and marketing and, in the sea, As part of our long-term We aim to support jewellery through specialised ships. contract sales, the downstream activities De Beers Diamond -
Annual Report 2018 Report Annual Integrated
ANGLO AMERICAN PLC AMERICAN ANGLO INTEGRATED ANNUAL REPORT 2018 INTEGRATED ANNUAL REPORT 2018 REPORT ANNUAL INTEGRATED UNLOCKING OUR FULL POTENTIAL DISCIPLINED GROWTH FOR A SUSTAINABLE FUTURE INTRODUCTION AND GROUP PERFORMANCE UNLOCKING OUR FULL POTENTIAL DISCIPLINED GROWTH FOR A SUSTAINABLE FUTURE In 2018, we continued to deliver on our clear commitments. Anglo American today is a fundamentally different business – in terms of enhanced performance, financial resilience and returns – and the unlocking of the Group’s full potential is our ultimate objective. Closely aligned with Anglo American’s Purpose of re-imagining mining to improve people’s lives, and our longstanding reputation as a leader in sustainable mining, our focus is to continue to enhance the quality and cash flow generation of our business through the disciplined allocation of capital, while staying attuned to the demands and expectations of our changing world, so that we grow our business safely, sustainably and responsibly, for the benefit of all. GROUP PERFORMANCE REVENUE UNDERLYING EBITDA◊ OPERATING PROFIT $27.6 bn $9.2 bn $6.1 bn 2018 $27.6 bn 2018 $9.2 bn 2018 $6.1bn 2017 $26.2 bn 2017 $8.8 bn 2017 $5.5 bn UNDERLYING EARNINGS PROFIT ATTRIBUTABLE TO NET DEBT◊ PER SHARE◊ EQUITY SHAREHOLDERS $2.55 $3.5 bn $2.8 bn 2018 $2.55 2018 $3.5 bn 2018 $2.8 bn 2017 $2.57 2017 $3.2 bn 2017 $4.5 bn TOTAL DIVIDENDS ATTRIBUTABLE FREE GROUP ATTRIBUTABLE ROCE◊ PER SHARE CASH FLOW◊ $1.00 $3.2 bn 19% 2018 $1.00 2018 $3.2 bn 2018 19% 2017 $1.02 2017 $4.9 bn 2017 19% NUMBER OF TOTAL RECORDABLE CASE SIGNIFICANT ENVIRONMENTAL FATALITIES FREQUENCY RATE (TRCFR) INCIDENTS 5 2.66 6 2018 5 2018 2.66 2018 6 2017 9 2017 3.17 2017 2 Alternative Performance Measures Words with this symbol ◊ are defined in the Alternative Performance Measures section of the Integrated Annual Report on pages 208-211.