Discover our History Timeline
Our long and storied history dates back to 1917 and the drive and determination of one man, Sir Ernest Oppenheimer. He saw the opportunity to capitalise on a region that was beginning to explode on to the global mining scene. Since then we have grown into a leading global mining company. We have a long history of technological development, making us exceptionally placed to deliver value from a portfolio of world class opportunities. Our strong South African heritage forms the roots for our global business, now operating in the Americas, Australia, southern Africa and Europe.
It is perhaps appropriate that we underwent one of our most significant restructuring processes on the eve of the new millennium a new millennium, a new Anglo American.
On 24 May 1999, Anglo American merged with Luxembourg-based Minorco to form Anglo American plc. Minorco, which had hitherto been responsible for our international assets, combined with Anglo American Corporation the company responsible for the South African interests of the Group to become Anglo American plc, with our primary listing in London and secondary listings in Johannesburg, Switzerland, Botswana and Namibia.
Entering the new millennium as a FTSE 100 listed company with a market capitalisation of $21.6 billion confirmed Anglo American as a leading global mining company. The objectives were clear: to simplify our portfolio and structure, and focus on mining businesses that leverage our core skills.
Our investment on a business level, however, has also been mirrored by our commitment on a social scale and Anglo American has been in the vanguard of several initiatives that have changed the way global mining is viewed within the industry and by the population at large.
Our work in the area of HIV/AIDS has been ongoing since we supported the first HIV testing campaign with the Chamber of Mines in South Africa in 1986. Since then, our commitment to effectively managing the impact of HIV/AIDS on operations and to make a positive contribution towards minimising the social, economic and developmental consequences of the epidemic is unsurpassed. It continued in 2008 when our workplace treatment programme for those infected with the virus was extended to include the dependants of employees.
Elsewhere, our Socio-Economic Assessment Toolbox (SEAT), launched in 2003, has been intrinsic to Anglo American's community engagement plans, ensuring all our programmes meet the requirements of the International Council on Mining & Metals sustainability principle 9 i.e. to contribute to the social, economic and institutional development of the communities in which we operate.
Having been updated in 2007, SEAT has evolved to ensure we are not simply conforming to requirements, but setting new benchmarks in this essential area.
It is this attitude that will define much of our business as we move forward and look to develop the $17 billion in projects already under way or at the approved stage.
We have acquired a very defined sense of responsibility and purpose and recognise business has to be an integral part of addressing the big challenges facing society.