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2015: A retrospective

As we approach the end of 2015, it’s important to reflect on the major progress made on all fronts to transform the performance of our business – particularly during these challenging times, felt not just by Anglo American, but across the mining industry.

With that in mind, here are our key highlights and activities from 2015:

We streamlined operations, reduced costs and increased productivity

During 2015, we made good progress in delivering major cost and productivity improvements. We have been streamlining our portfolio to focus on our priority assets, agreeing $2 billion of asset sales to date in 2015. By the end of 2017, we expect to have delivered $3.7 billion of benefits through reduced costs and increased productivity.

This year, we sold our interest in both the Mantoverde and Mantos Blancos copper mines in Chile (Anglo American Norte) to an investor consortium led by Audley Capital.

Read the press release.

We also completed the sale of our 50% ownership interest in Lafarge Tarmac to Lafarge SA. The completion of this transaction brought the aggregate proceeds received by Anglo American for the sale of its Tarmac assets to approximately $2.5 billion since 2008.

Read the press release.

And we agreed the sale of our Rustenburg platinum mines to Sibanye.

As announced at our recent Investor Day, we plan to accelerate this work through 2016 and focus our portfolio around the 20-25 priority assets that constitute the core long term value proposition of Anglo American.

We declared our commitment to the Sustainable Development Goals

In September, Mark Cutifani attended the United Nations Sustainable Development Summit for the adoption of the 2030 Agenda and the Sustainable Development Goals (SDGs) in New York. At this event, the SDGs were finalised and announced to the world.

But what are they?

The SDGs consist of 17 goals that cover a wide range of issues including poverty, education and access to water. Over the last three years, Anglo American has helped to define and create these goals, in a process led by the United Nations.

We recognise that the goals are ambitious. Meeting them will require all of us — from business to government, civil society to non-governmental organisations — to work together in new and more effective ways.

And while the current economic environment is challenging for miners, this does not — and should not — affect the transformative role our industry can play towards these goals. We see three areas where we can best support our host countries: enterprise development, health and education.

Read the full blog from Mark Cutifani here.

We celebrated our Global Safety Day

Safety is at the heart of all that we do at Anglo American.

Our employees work in some of the most challenging environments on earth. Whether deep in an underground mine or in proximity to a fiery furnace, keeping them safe comes first.

That’s why activities for Global Safety Day 2015 focused specifically on controls – those systems in place to keep us safe.

During the event, which took place in October, teams across the world took part in a variety of safety exercises and planning activities.

For example, in Chile, at our copper operations at Los Bronces, Chagres and El Soldado, teams took a close look at their critical risks, learning from external experts how to improve their control management. 

René Aguilar, our group head of safety, highlighted how critical events like Global Safety Day are for Anglo American.

“It’s important that we all recognise that enhancing control use is the single biggest thing we can all do to improve safety and help protect not just individual lives but also the futures of families, children and communities.”

Find out more about Global Safety Day in this blog.

We achieved first sale of coal at Grosvenor

Earlier this year, Grosvenor – our metallurgical coal project in Australia – hit a milestone with the first coal sale loaded on the MV Spring Aeolian, bound for India.

In February, just over 19,000 tonnes of Grosvenor’s coal was shipped after being transported from the site in Moranbah to Dalrymple Bay Coal Terminal near Mackay, a 195km rail journey.

Find out more about Grosvenor in this factsheet.

Rod Elliott, head of marketing and sales for metallurgical coal, said Grosvenor’s first coal sale added to Anglo American’s high quality product portfolio from our Queensland operations.

“Our $1.95 billion investment in Grosvenor is the cornerstone of our world class met coal asset portfolio, and seeing the first commercial benefits from our investment is a very important achievement,” Rod said.

Read the blog.

While it’s clear that the times ahead present significant change, it’s important for us at Anglo American that we remain focused on our core values – and in particular, making sure that our employees remain safe.

Happy holidays everybody and have a safe and healthy 2016.

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