DOCSLIB.ORG

Annual Report Is Once Again Dedicated

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

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. The DFO and the Foundation are part of the Advancement Division, which includes Alumni Relations, Community University Partnerships, Functions and Events, and Marketing and Communications. Tax benefits All donations to the Wits Foundation are tax deductible in accordance with Act 58 of 1962, as amended. The University has obtained its tax exempt status under Section 10 (1) (cN) of the Income Tax Act. In accordance with Section 18A, which provides for deductions from taxable income, the Wits Foundation as a Public Benefit Organisation is entitled to provide Tax Exemption benefits. Tax certificates are issued in accordance with the legislation for all donations received. 5 THE CHAIRMAN’S REPORT Some interesting developments came to fruition in 2012 – the year Wits turned 90. A carnival event was arranged on the Wits library lawns to celebrate this auspicious year and staff and students were photographed in a giant “W” on the lawns – a moment to be treasured. Positive inroads were made both in the UK and the USA by building capacity and cultivating some high net worth stakeholders. The Wits Art Museum opened its doors to the public on the 19th of May, with an exhibition, aptly named WAM! Seeing Stars, featuring some of the most extraordinary and priceless pieces from the Wits collection of some 9000 objects of classical and contemporary South African and African art, carefully assembled and preserved at the University. The construction of the Wits Art Museum building was made possible through funding from various visionary and generous private donors and the University itself. The Science Stadium was officially opened on the 7th of June by the Honourable Professor Hlengiwe Mkhize (Deputy Minister of Higher Education). Friends and supporters of the University came in numbers to support our celebration. “Science, technology, engineering and mathematics skills have long been identified as crucial components of a nation’s ability to grow and prosper”, commented the Deputy Minister. The DFO managed to secure new partnerships with various corporations wishing to provide bursaries and teaching fellowships to deserving students at Wits. These exciting opportunities create promising futures for students to further their studies at Wits. November 6th saw the official opening of the new Goldfields Engineering Library at the Faculty of Engineering and the Built Environment – a key project that will help the Wits School of Mining Engineering to enhance its contribution towards the alleviation of skills shortages in the mining sector. Donations In 2012, the total investment income generated by the Wits University Group totalled R435 million. Income processed through the Wits Foundation totalled R189 million (2011: R274 million). Investment income from the Wits Foundation’s Endowment Fund rose to R28 million in 2012 from R23 million in 2011. Investment costs amounted to R14,6 million in 2012 against R13 million in 2011, the increase due to higher investment management fees. Operating Costs The operating expenses of the Wits Foundation (which exclude the costs of the Development and Fundraising Office) remained at minimal levels of R287 635 in 2012 compared to R133 745 in 2011. The Development and Fundraising Office expenses have been covered by the Wits University Council budget since 2008. The Foundation realised a net surplus, including Pooled Equity Funds of R33,4 million compared to a surplus of R41,4 million in 2011, which included profit on the sale of assets and investment income. 6 Thanks We take this opportunity to acknowledge the generous consideration and invaluable support of all our investors. We are hopeful that the growth and developments achieved in 2012, coupled with our University’s new leadership, will take us into an era where new investors will recognise the increased value of partnering with Wits. We are also confi dent that the excellent relationships that we enjoy with our current stakeholders, namely, government, corporates, trusts, foundations and individuals will grow even stronger as we embark on the Wits Century Campaign 2013-2022. David Brink Chairman 7 FOUNDATION BOARD OF TRUSTEES AND GOVERNORS Mr David Brink (Acting Chairman) BSc(Eng) MSc(Eng) (Wits) CertBusAdmin (London School of Economics) GradDip Company Direction (GIMT). Awarded Honorary DCom (Port Elizabeth). Director of Steinhoff International Holdings Limited; National Business Initiative and Member of Millennium Labour Council. Vice-President of the South African Institute of Directors. Past Chairman of Absa Group Limited and Absa Bank Limited, Murray & Roberts Holdings Limited, and Denel Limited. Co-Chair of the Business Trust and former Director of the Industrial Development Corporation, BHP Billiton, SAPPI Limited and SANLAM Limited. Past President of SEIFSA, Business South Africa and the South Africa Foundation. Recipient of Engineer of the Year Award 1994, the Wits Business School Management Excellence Award and Harvard University Business School’s ‘Statesman of the Year’ award. Acting Chairman of the Foundation Board. Mr Mike Bashe BCompt Hons, CTA AdvTaxCert (Unisa), Professional Master of Banking (Louisiana State University), Higher Diploma in Financial Markets and Instruments. Managing Director, Eskom Finance Co (Pty) Ltd. Mr Arnold I Basserabie BSc (Wits) ASA CFP, Strategic Business Consultant, Director of Companies, Chairman - Wits Foundation Investment and Finance Committee. Awards include MRF Insurance Man of the Year – 1988, Jewish Business Achiever of the Year – 1998, Institute of Marketing Man of the Year 1998. Mrs Elisabeth Bradley BSc (OFS) MSc (Land), Former Chairman of Wesco Investments Ltd and Toyota SA (Pty) Limited. Director of Companies. Dr Randall Carolissen Dr. Carolissen is a trained physicist and process engineer. He obtained his Masters degree cum laude in Physics, contributing significantly to the body of knowledge on nano second laser pulses interaction with semi-conductors. This was followed by a PhD in Solid State Physics in 1995. Subsequently he obtained a Masters in Business Administration cum laude from the University of Stellenbosch. In 2008 he completed an M.Com in International Tax at the University of the Northwest. He is serving as the chairman of both the Finance and Remuneration committees of the Council of the University of Witwatersrand and its subsidiary companies. Mr Bruce Anderson Dickson He has spent 28 years in education, initially at the secondary level where he taught Mathematics, Physics and Chemistry both in South Africa and the United Kingdom. He joined the University of the Witwatersrand where, amongst various positions he held, he was Director of Human Resources and, at the time of his departure, was the University Registrar (Administration). After leaving Wits, Bruce joined Andersen Consulting which subsequently became Accenture. He retired from Accenture in 2010 and inter alia, he established the Accenture Foundation and Accenture Education Trust. 8 Prof. Jonathan Eugene Klaaren Professor Jonathan Klaaren, BA (Harvard) MA (Cape Town) JD (Columbia) LLB (Witwatersrand), and PhD (Yale, Sociology). He served as Acting Head of the School of Law since 1 August 2010. He was appointed officially as Wits Head of Law School on 1 July 2011. He is a former Director of the Mandela Institute of the Wits Law School (mid-2005 to end-2007) and has served as the co-Director of the School’s Winter Law School (2007- 2009). He has served on numerous university committees and is currently appointed by the Minister of Home Affairs to serve on the Immigration Advisory Board. Prof. Loyiso Nongxa BSc (Hons) (Fort Hare) DPhil (Oxon), Vice-Chancellor and Principal of the University of the Witwatersrand. First African in South Africa to be awarded a Rhodes Scholarship. South African Harvard Fellow. Member of Higher Education South Africa and the Rhodes Scholarship Selection Committee. Mr Krishna Patel CEO, Global Private Banking and Chairman, HSBC Africa. A senior banking executive with over 20 years of senior management experience with HSBC Bank and 35 years’ experience in the financial services industry. Mr Alan Romanis CA (UK). Former Managing Director and Vice-Chairman of the Liberty Life Group. Director of companies. Among previous directorships - Standard Bank Group, South African Breweries, Liberty International plc. Prof. Bruce L W Sparks K StJ MBBCh(Wits) MFGP(SA) MRCGP (UK), FRCGP(Hon), FCFP (SA), FRCGP (AUS).
Recommended publications
  • Country by Country Reporting

    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

    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

    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.
  • Data Controller Country Company No. Address 0912055 BC Ltd

    Data Controller Country Company No. Address 0912055 BC Ltd

    Data Controller Country Company No. Address 0912055 BC Ltd Canada McCarthy Tetrault, Suite 2400, 745 Thurlow Street, C0912055 Vancouver BC V6E0C5, Canada AA Sakatti Mining Oy Finland FI24367683 Tuohiaavantie 2, 99600 Sodankylä Finland China 91310115MA1K Units 01, 02A, 07A, 08, Floor 32, 1198 Centurey 3Y1W42 Avenue, China (Shanghai) Anglo American [Resources] Trading (China) Co., Ltd. 91310115MA1K3Y1W42 Anglo American Chile Limitada. Chile 77.905.330-K Avenida Isidora Goyenechea 2800 Floor 46, Las Condes, Santiago, Chile Anglo American Colombia Exploration S.A Colombia 900.153.737-0 Avenida Carrera 9 #115-06/30º Ofi.1702 Anglo American Ecuador S.A. Ecuador 1792792940001 Av. Patria E4-69 y Av. Amazonas Edificio COFIEC, Piso 17, Quito, Ecuador Anglo American Exploration (Canada) Ltd Canada 332725-6 620-650 W Georgia St. Vancouver, BC V6B 4N8 Canada Anglo American Marketing Chile SpA Chile 76.908.604-8 Avenida Isidora Goyenechea 2800 Floor 46, Las Condes, Santiago, Chile Anglo American Marketing Limited United Kingdom 405724 20 Carlton House Terrace London SW1Y 5AN United Kingdom Anglo American Marketing Limited Singapore Branch Singapore 405724 (Branch 10 Collyer Quay registration #38-00 Ocean Financial Centre number: Singapore T11FC0199H) 049315 Anglo American Metallurgical Coal Pty Ltd Australia 93076059679 Level 11, 201 Charlotte Street, Brisbane Qld 4000, Australia Anglo American Minério de Ferro Brasil S/A Brazil CNPJ Rua Maria Luiza Santiago, nº 200, 16º andar, sala 02.359.572/0004-1601, Bairro Santa Lúcia, CEP 30360-740, Belo 30 Horizonte, Minas Gerais, Brazil Anglo American Níquel Brasil Ltda. Brazil CNPJ Rua Maria Luiza Santiago, nº 200, 16º andar, sala 42.184.226/0019-1601, Bairro Santa Lúcia, CEP 30360-740, Belo 69 Horizonte, Minas Gerais, Brazil Anglo American Peru S.A.
  • A Review of Debswana‟S Performance Pre and Post the Acquisition of De Beers Shares by Anglo American Plc

    A Review of Debswana‟S Performance Pre and Post the Acquisition of De Beers Shares by Anglo American Plc

    A review of Debswana‟s performance pre and post the acquisition of De Beers shares by Anglo American plc. Khumo Mothulatshipi A research report submitted to the Faculty of Engineering and the Built Environment, University of the Witwatersrand, in partial fulfillment of the requirements for the degree of Master of Science in Engineering. Johannesburg, 2015 Declaration I declare that this research report is my own unaided work. Where work of other authors has been used, it has been duly acknowledged. It is being submitted for the Master of Science in Mining Engineering to the University of the Witwatersrand, Johannesburg. It has not been submitted before for any degree or examination to any other university. ………………………………………………………………. Signature …………… day of ……………………year ………………………………….. i Abstract The minerals industry has in the last decade witnessed volatility, uncertainty, complexity and ambiguity (VUCA). The diamond industry has not been immune to these challenges. These challenges coincided with the decision of the diamond mining family in 2011 to opt out of De Beers after approximately a century of being in control by selling their 40 % stake to Anglo American plc (AA) which already had 45 % stake in De Beers. This transaction increased Anglo American plc‟s stake in De Beers to 85% thus joining venture with the Government of the Republic of Botswana (GRB) under an already existing entity called Debswana. Botswana has been hailed as a beacon of success and a model African state both politically and economically mainly due to its effective management of economic proceeds generated mainly through Debswana diamonds. Something that might be seen as a possible threat to this economic stability is the merger and acquisition (M&A) between the GRB and AA.
  • • Engage • Integrate • Perform • Grow

    • 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

    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

    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

    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

    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
  • Fact Book 2009/10 Fact Book 2009/10 Our Mission

    Fact Book 2009/10 Fact Book 2009/10 Our Mission

    Fact Book 2009/10 Fact Book 2009/10 Our mission Anglo American aims to be the leading global mining company – through world class assets in the most attractive commodities, operational excellence and a resolute commitment to safe and sustainable mining. Cover photo Albertus Hanekom (left), Shift Foreman, and Marius Strydom, Senior Production Geologist, at the new Kolomela mine discuss the waste removal programme in the newly created pit. Image courtesy of Kumba Iron Ore. This page Load haul trucks in the open pit at Los Bronces in Chile. The mine, which lies at 3,000-3,500 metres above sea level, and has extensive reserves, produced more than 238 kt of copper in 2009. 02 About Anglo American plc 02 Group overview American Anglo 04 The business – an overview 06 History and timeline 09 Selected major projects 10 Performance – Financial highlights About 11 Key financial data 13 Platinum 14 Financial highlights 15 Financial data 16 Business overview 18 Industry overview Platinum 19 Market information 20 Strategy and growth 26 Production data 31 Reserves and resources 35 Diamonds 36 Financial highlights 37 Financial data 38 Business overview Diamonds 40 Industry overview 41 Strategy and growth 42 Diamonds recovered 43 Copper 44 Financial highlights 45 Financial data 46 Business overview 48 Industry overview 49 Market information Copper 50 Strategy and growth 53 Production data 54 Reserves and resources 57 Nickel 58 Financial highlights 59 Financial data 60 Business overview 62 Industry overview 63 Market information Nickel 64 Strategy and growth
  • Focused on Delivery

    Focused on Delivery

    ANGLO AMERICAN PLC ANNUAL REPORT 2013 ANNUAL REPORT 2013 FOCUSED ON DELIVERY FOCUSED ON DELIVERY Other sources of information In a world where people want to build a better life for themselves and their families, but where resources are limited, Anglo American seeks to generate sustainable value from a country’s mineral resources for the You can find this report benefit of its people. and additional information about Anglo American on We will deliver an attractive and differentiated value our corporate website. proposition to our shareholders, business partners Although we have chosen not to produce and other stakeholders by having the right assets and an ‘integrated report’, technical expertise, the right people working with our we have included a comprehensive overview partners, and a commitment to responsible mining that of our non-financial performance in this report. will support us in delivering the products that make More detailed information our world work. on our sustainability performance is provided in our Sustainable We are focused on delivering our targeted returns to Development Report. shareholders while creating value for all our partners This can be found on and stakeholders. our corporate website. For more information, visit www.angloamerican.com/ reportingcentre PERFORMANCE HIGHLIGHTS CONTENTS FINANCIAL PERFORMANCE UNDERLYING Strategic report OPERATING PROFIT 02 Chairman’s statement 04 At a glance 2009 (2012: $6.3 bn) 06 Marketplace 0 0 08 Chief Executive’s statement 2010 12 Why mining matters 25 $6.6 bn 14 Our strategy