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Home › Dodgy Deals ›
Dodgy Deal
Anglo AmericanUnited Kingdom

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date
Lead organisation:
BankTrack
Last update: 2016-07-04 00:00:00
Photo: Anglo American

Company – On record

This profile is no longer actively maintained, with the information now possibly out of date
Lead organisation:
BankTrack
Last update: 2016-07-04 00:00:00
Why this profile?
About
Sectors Coal Mining, Mining
Headquarters
Ownership
listed on JSE Limited & London Stock Exchange

Anglo American's ordinary shares are listed on the London Stock Exchange and the Johannesburg Stock Exchange (JSE Limited). Shares are also listed on the SIX Swiss Exchange, Botswana Stock Exchange and Namibian Stock Exchange. Significant shareholdings are amongst others held by the Public Investment Corporation (6.86%) and BlackRock (6.05%).

Subsidiaries
Anglo American Kumba – South Africa
Anglo American Platinum – South Africa
De Beers – United Kingdom
Website http://www.angloamerican.com

Anglo American is one of the oldest mining companies of the world, based in the United Kingdom and South Africa. It is the world's largest producer of platinum, with around 40% of world output, and a major producer of diamonds, copper, nickel, iron ore and metallurgical and thermal coal. It has operations in Australia, Africa, Latin America, North America, and Europe.

 

Impacts

Social and human rights impacts

In December 2012, former gold miners and their dependents filed South Africa's largest-ever class action lawsuit against 30 mining companies, including Anglo American South Africa Ltd., Anglo American's South African subsidiary. The lawsuit claims the company knowingly exposed workers to hazardous mine dust, causing them to develop the life-threatening respiratory disease, silicosis. Over 200,000 former miners potentially suffer from the disease. In March 2013, eighteen miners, later twenty-two, suffering from silicosis, filed an additional class action lawsuit against Anglo American South Africa Ltd. The case was settled confidentially in September 2013.

In February 2013, nine employees were injured at Anglo American's Siphumelele mine in Rustenburg, South Africa, after Anglo American Platinum security personnel fired rubber bullets to disperse a union dispute.

In March 2016 Anglo American reached a USD30 million settlement with 4,400 gold miners who contracted the fatal lung disease silicosis while working underground, the companies and lawyers said.

Labor disputes and pollution complaints, as well as calls for adequate community compensation, mostly from indigenous communities like the Wayuu, frequently disrupt operations. Protesters demonstrated at Anglo American's 2013 annual general meeting after the company's mining activities allegedly jeopardized the lives of 13,000 people.

In northern Amapa, in Brazil the company was fined USD ten million following an incident at the company's port terminal that left three people dead and three missing.


Environmental and climate impacts

In September 2013, Chile's environmental regulator, SMA, pressed charges against Anglo American for violations including failing to preserve and relocate vegetation, ineffective wetland conservation and water management plans, lack of environmental monitoring, and dumping mine tailings in unauthorized areas. In addition to potentially losing their environmental permit, Anglo American faced fines between USD970,000 and USD4.9 million.

In Peru, community opposition continued to delay Anglo American's plans to begin production at their Michiquillay and Quellaveco copper mines. Local communities fear the mines will cause severe  environmental damage and deplete water supplies.

A study conducted in 2013 by the Climate Accountability Institute ranked Anglo American 20th in attributable worldwide carbon dioxide and methane emissions compared to global totals between 1751 and 2010.

Financiers
Institution type
Finance type
Year
Projects
There are no active project profiles for Anglo American now.

Pebble gold-copper mine

United States
Project
On record
Mining

Pebble gold-copper mine

United States
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks injected USD 37.7 billion in mining companies at risk of causing forest destruction and human rights violations

2022-04-12 | Forests & Finance Coalition
Blog
BankTrack news BankTrack blog Partner news Partner blog

Investment funds injected US$ 54.1 billion into mining companies with interests in Indigenous territories in the Amazon

New report by APIB and Amazon Watch reveals main investors of eight large mining companies that wish to explore Indigenous territories in Brazil.
2022-02-22 | Brazil | Amazon Watch, Association of Brazil’s Indigenous Peoples (APIB)
BankTrack news BankTrack blog Partner news Partner blog

Glencore, Anglo and BHP complete Cerrejon coal transaction

Diversified miner and commodity trader Glencore on Tuesday announced that it had completed the acquisition of Anglo American’s and BHP’s respective 33.3% interests in the Cerrejon coal mine, in Colombia, having received regulatory approvals.
2022-01-11 | Mining Weekly
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs release the 2021 Global Coal Exit List: 1000 companies driving the world towards climate chaos

49% of the companies on the 2021 GCEL still developing new coal assets. Less than 5% of companies on the list have announced a coal exit date.
2021-10-07 | Berlin | urgewald
BankTrack news BankTrack blog Partner news Partner blog

Mine blast: Anglo American exposed workers to excessive risk, inquiry finds

2021-06-15 | City A.M.
BankTrack news BankTrack blog Partner news Partner blog

Anglo wraps up Thungela coal deal

2021-05-06 | Mining Review
BankTrack news BankTrack blog Partner news Partner blog

Anglo American workers 'fuming' about restart of coal mine after blast -union

2021-04-23 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Anglo American, eyeing copper on protected indigenous land, failed to consult Amazonian community

2021-04-15 | Unearthed
BankTrack news BankTrack blog Partner news Partner blog

Anglo American to demerge South African coal assets

2021-04-08 | Financial Times
BankTrack news BankTrack blog Partner news Partner blog

Colombia coal production fell 40% last year amid coronavirus, strike

2021-03-29 | miningweekly.com
BankTrack news BankTrack blog Partner news Partner blog

Anglo American won’t rule out mining on Indigenous lands in the Amazon

2021-03-19 | Mongabay
BankTrack news BankTrack blog Partner news Partner blog

Explosive levels of methane recorded at Grosvenor Mine in lead up to incident that seriously injured five

2021-03-10 | ABC NEWS
BankTrack news BankTrack blog Partner news Partner blog

Anglo American to exit thermal coal production by 2024

2021-02-25 | montelnews.com
Blog
BankTrack news BankTrack blog Partner news Partner blog

Norges Bank, which manages Norway's USD 1 trillion fund, announced its decision to exclude 12 companies from the Government Pension Fund Global due to environmental and human rights concerns.

2021-02-16
BankTrack news BankTrack blog Partner news Partner blog

Mining Company Anglo American States It Does Not Rule Out Mining on Indigenous Lands in the Brazilian Amazon

2021-02-09 | Amazon Watch
BankTrack news BankTrack blog Partner news Partner blog

Drought, Disease and Isolation: The Urgent Situation of the Wayuu in La Guajira, Colombia

2021-01-29
BankTrack news BankTrack blog Partner news Partner blog

Anglo American hires banks to prepare S.Africa coal spin-off

2021-01-28 | Nasdaq
BankTrack news BankTrack blog Partner news Partner blog

The Munduruku Demand That Mining Giant Anglo American Publicly Commit to Not Mine on Indigenous Lands

2021-01-08 | Amazon Watch
BankTrack news BankTrack blog Partner news Partner blog

Cerrejon requests arbitration to end strike

2020-11-13 | Columbia | mining.com
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs release the 2020 Global Coal Exit List

935 companies that banks, investors and insurers need to avoid
2020-11-12 | Berlin | urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

American financiers invested more than USD 18 billion in companies linked to Indigenous Rights violations in the Brazilian Amazon

2020-10-27 | Brasília, Brazil and Oakland, USA | Amazon Watch, Association of Brazil’s Indigenous Peoples (APIB)
BankTrack news BankTrack blog Partner news Partner blog

Union, Cerrejon deadlocked over benefits, ‘death shift’ as strike rolls on

2020-10-09 | Columbia | mining.com
BankTrack news BankTrack blog Partner news Partner blog

Largest union at Cerrejon on strike

2020-09-01 | mining.com
BankTrack news BankTrack blog Partner news Partner blog

Anglo American suspends operations after explosion injures five

2020-05-07 | Mining Technology
BankTrack news BankTrack blog Partner news Partner blog

Moranbah mine explosion leaves five people in serious condition

2020-05-06 | ABC NEWS
BankTrack news BankTrack blog Partner news Partner blog

Norway to Divest €5 Billion from Coal Giants like Glencore and RWE

2019-06-11 | urgewald
BankTrack news BankTrack blog Partner news Partner blog

The war on coal is making the world’s top mine owners a lot richer

BankTrack quoted
2018-05-02 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

Dead and dying workers, death threats and disappearing water: Anglo American’s marathon AGM, 24 April 2017

2017-05-03 | London Mining Network
BankTrack news BankTrack blog Partner news Partner blog

Brazilians challenge Anglo American

2017-04-21 | London Mining Network
private BankTrack news BankTrack blog Partner news Partner blog

On Coal and Capital: Demand that HSBC Quit Coal

Link expired
2016-03-15 | Move Your Money UK
BankTrack news BankTrack blog Partner news Partner blog

Anglo American, AngloGold reach USD30 million silicosis settlement with miners

2016-03-04 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Fitch cuts Anglo American rating to junk

2016-02-17 | The Telegraph UK
BankTrack news BankTrack blog Partner news Partner blog

Queensland coal mines up for sale as Anglo American tries to reduce debt

2016-02-17 | www.abc.net.au
BankTrack news BankTrack blog Partner news Partner blog

Anglo American begins latest round of disposals with sale of Australian coal mine

2015-12-24 | The Telegraph UK
BankTrack news BankTrack blog Partner news Partner blog

Anglo American cuts dividend and 85,000 jobs in ‘radical’ restructuring

2015-12-08 | The Telegraph UK
BankTrack news BankTrack blog Partner news Partner blog

Anglo American defies 'value that lasts' motto in drift to foot of FTSE 100

2015-12-08 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

Anglo American to axe 53,000 jobs, put 15 assets up for sale

2015-07-24 | www.mining.com
Blog
BankTrack news BankTrack blog Partner news Partner blog

Protestors to target Lloyds AGM over coal investments

2014-05-14 | Edinburgh | World Development Movement
BankTrack news BankTrack blog Partner news Partner blog

Anglo’s Port Exit Makes Indian Billionaires Last Backers

2014-03-07 | Bloomberg
BankTrack news BankTrack blog Partner news Partner blog

RPT-Norway's opposition wants $800 bln wealth fund banned from coal

2013-11-06 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

Rio Tinto, Anglo push for stronger NSW rules

2013-08-26
Resources
Documents
Videos
Links
2021-04-21 00:00:00

Local Procurement Policy

Date listed represents date accessed on website
Company document
2021-04-21 00:00:00 | Anglo American
2021-04-21 00:00:00

Code of Conduct

Date listed represents date accessed on website
Company document
2021-04-21 00:00:00 | Anglo American
2021-04-21 00:00:00

Sustainability Report 2020

Date listed represents date accessed on website
Company document
2021-04-21 00:00:00 | Anglo American
2021-04-21 00:00:00

Integrated Annual Report 2020

Date listed represents date accessed on website
Company document
2021-04-21 00:00:00 | Anglo American
2020-10-27 00:00:00

Complicity in Destruction III

NGO document
2020-10-27 00:00:00 | APIB and Amazon Watch
2021-01-19 00:00:00

Letter from the Association of Brazil's Indigenous Peoples and Amazon Watch to Anglo American

The Munduruku address mining on Indigenous lands and threats to their people and territory, as Anglo American seeks at least 27 research permits in Munduruku territory
NGO document
2021-01-19 00:00:00 | Amazon Watch
2018-05-31 00:00:00

Dirty profits 6

NGO document
2018-05-31 00:00:00 | Facing Finance
2016-03-01 00:00:00

Sustainability report 2015

Annual report
2016-03-01 00:00:00 | Anglo American
2016-02-15 00:00:00

Annual report 2015

Annual report
2016-02-15 00:00:00 | Anglo American
2015-03-01 00:00:00

Sustainability report 2014

Annual report
2015-03-01 00:00:00 | Anglo American
2015-02-12 00:00:00

Annual report 2014

Annual report
2015-02-12 00:00:00 | Anglo American
2014-12-02 00:00:00

How corporations rule

Part 4: Anglo American’s dirty energy lobby and its false climate solutions
NGO document
2014-12-02 00:00:00 | FoEI, CEO and TNI
2014-04-28 00:00:00

Annual Report 2013

Annual report
2014-04-28 00:00:00 | Anglo American
2014-04-28 00:00:00

Sustainable Development Report 2013

Annual report
2014-04-28 00:00:00 | Anglo American
2013-12-10 00:00:00

Dirty Profits II

Report on Companies and Financial Institutions Benefiting from Violations of Human Rights
NGO document
2013-12-10 00:00:00 | Facing Finance
2013-07-23 00:00:00

Coal Market Update July 2013

Low prices take their toll on coal firms
BankTrack publication
2013-07-23 00:00:00 | Greenpeace, BankTrack
2013-05-01 00:00:00

The Cerrejón mine - Coal exploitation in Colombia

NGO document
2013-05-01 00:00:00 | World Development Movement
2013-01-01 00:00:00

Sustainable Development report 2012

Annual report
2013-01-01 00:00:00 | Anglo American
2013-01-01 00:00:00

Annual Report 2012

Annual report
2013-01-01 00:00:00 | Anglo American
2010-05-01 00:00:00

An introduction to Anglo American plc

NGO document
2010-05-01 00:00:00 | London Mining Network

March on Anglo American

Johannesburg October 11, 2013 1,500 environmental activists took to the streets of Johannesburg today to protest Anglo American Thermal Coal and Vedanta Zinc International's plans for another coal-fired power station in the Waterberg District, Limpopo.
2016-03-21 16:39:05

Map by Environmental Justice of conflicts linked to Anglo American

Anglo American sustainability page

Tell Anglo American to Stay Out of Munduruku Territory!

Tell Anglo American to set the record straight and to commit to stay out of the Munduruku lands. Help us keep the Amazon's Indigenous territories free of mining!

Drought, Disease and Isolation: The Urgent Situation of the Wayúu in La Guajira, Colombia

Extensive article and analysis on the Wayúu indigenous people in Colombia. 

Updates

2016

2016-02-16 00:00:00 | Anglo American plans to hasten coal and iron ore sell-offs as profits halve

Anglo American has revealed plans to accelerate the sale of its iron ore, coal and nickel mines, in a sweeping overhaul after its annual profits more than halved and its bonds were downgraded to junk status (source: The Guardian).

2016-02-15 00:00:00 | Anglo American credit rating pushed further into junk territory

According to The Guardian: The mining giant Anglo American Plc's debt has been downgraded further into junk territory by Moody's, which cited a deterioration in commodities market conditions and doubts over how long it will take the company to reduce debt levels. Moody's said it does not expect Anglo American to generate enough operating cash flows to deliver substantial debt reduction in the next two years.

2016-01-07 00:00:00 | Anglo American teeters on the brink

The world's number five diversified mining company, Anglo American announced a "radical portfolio restructuring" a month ago. The company with roots going back more than a hundred years to South Africa's gold and diamond fields said it would cut around 85,000 employees, almost two-thirds of its workforce. London-listed Anglo also said it is reducing the number of mines it operates from 55 to the "low 20s". According to CEO Mark Cutifani Anglo would focus on diamonds, copper and platinum because of better long-term potential. Only cash-producing (good luck with that) nickel, coal and iron ore assets will be kept in its portfolio (source: www.mining.com).

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