Our strategy is to develop and actively manage a portfolio of high quality resource assets, which we operate safely, efficiently and competitively – to reliably serve our customers, deliver sustainably attractive shareholder returns and create wider stakeholder value.
We prioritise growth and growing markets where our capabilities best match the major trends that shape supply and demand for our products for generations to come.
We achieve this by focusing on three clear strategic priorities of operational excellence, portfolio simplification, and growth.
In turn, these priorities are supported by a set of strategic enablers: Customer solutions (our Marketing business); sustainability and technical competencies; Reputation; and High performance culture.
Built over many decades of operating businesses and developing major projects in developing and developed markets, our strategic enablers are integral to delivering the full potential of Anglo American’s portfolio and other growth opportunities that we will secure over time.
Our first and most important priority is achieving operational excellence – and that starts with safety, always.
We have world-class assets and we continue to improve their performance and competitive positions through efficiency and a disciplined and approach to costs.
Above all, our focus is delivering our mine plans, that’s the foundation for everything else we do.
The detailed mine planning is driven by our people on the ground, who in turn are empowered to deliver and maximise long-term value from our portfolio of world-class assets.
Delivering to our plans is central to sustaining trust, whether of investors, customers or many other stakeholders, helping us secure investment and retain our licence to operate.
We are also deploying appropriate new technologies to improve safety, productivity, energy and water intensity, further enhancing our performance.
A radically simpler business, with strong geographic balance and less complexity in future capital allocation, will deliver sustainable incremental value through a step change in operational performance, cost reduction, cash flow generation and returns.
Anglo American has outstanding growth potential across the portfolio with well-sequenced, value accretive opportunities in the right products to serve the major demand growth trends.
We expect to be in a position to unlock the potential of these and other organic and inorganic growth opportunities by leveraging our proven delivery capabilities, our longstanding reputation as a responsible mining company and our global relationship networks, in the jurisdictions where our experience and track record are most valuable and most valued.
Each of our three portfolio verticals has the benefit of a number of value accretive growth and replacement options already owned by Anglo American and that can be developed at the right time.
Our outstanding copper endowment through our interests in three world class copper assets – Quellaveco, Los Bronces and Collahuasi – is set for multiple decades of competitive production and growth. In addition, we have well-sequenced and self-funded brownfield and greenfield prospects (including Sakatti) for value-accretive growth to more than 1 million tonnes of annual copper production in the next decade.
Both Minas-Rio and Kumba have contributed significantly to cash flow in recent years and are well set to underpin shareholder returns and growth ambitions across the portfolio. The recently announced addition to Minas-Rio of the Serpentina endowment, with a strike length more than double that of Minas-Rio’s, provides a high value option to double Minas-Rio’s production of premium iron ore by the mid-2030s, with meaningful synergies.
Also integral to Anglo American’s growth trajectory is the Woodsmith crop nutrients project. We are working towards the completion of the feasibility study in the first half of 2025, as an essential building block for syndication to a strategic partner and the development and ramp up of the mine at the appropriate time.
Our three strategic priorities are supported by a set of four strategic enablers, predominantly relating to the customer-centric approach of our Marketing business, our sustainability and technical competencies, our reputation as a responsible mining company, and our drive to sustain a high performance culture.
Customer solutions – our Marketing business
Whether from our portfolio of high-quality and long-life assets or through complementary third party production, we offer a reliable supply of essential metals and minerals with a focus on shaping long term, direct commercial relationships that place the expectations of our customers firmly at the centre of our approach.
We do this by providing a broad range of integrated product solutions that aim to be:
Sustainability and technical competencies
How metals and minerals are produced is becoming ever more important to all stakeholders, from our local communities to the end consumer – and rightly so. Our integrated approach to sustainability and innovation – our FutureSmart Mining™ programme – is central to our reputation as a responsible mining company, our day-to-day operational performance, and our ability to unlock the growth opportunities both within our portfolio and others that we aim to secure over time.
Sustainability, and operating in the right way, is fully embedded into our strategy: from day-to-day operational decisions to portfolio choices. We believe it is a pre-requisite for sustainable value creation and is integral to our DNA as a company.
Reputation
Anglo American has a longstanding reputation as a responsible mining company. A strong and positive reputation is a critical enabler to securing and sustaining a licence to operate in any given jurisdiction and across our broad network of stakeholders along the value chain. On an ongoing basis, we recognise the value drivers associated with reputation, ensuring that we deliver on the promises we make to our shareholders, the communities and countries in which we operate, our customers, our employees and society at large.
Culture
Anglo American’s culture emphasises safe, responsible production and purpose-led practices. It is about achieving excellence while aligning with the company’s Purpose and Values.
Guided by a strong Leadership Framework the approach requires leaders to create an environment where colleagues feel empowered and accountable to grow business value for the long term.
Our Code of Conduct is a single point of reference for everyone associated with the Anglo American Group – as well as the departure point for a fuller understanding of our ethical policies and procedures.
It sets out ‘how’ we behave to reinforce our values, and ‘what’ we do to help protect Anglo American’s name, and to make a positive difference.
*The Code of Conduct identifies the standards of conduct that Anglo American expects of its directors, employees, contractors, consultants, suppliers, agents and other business partners in order to promote behaviour consistent with our core values. The existence of the Code of Conduct in itself should not be taken as providing any representation or any other assurance that Anglo American complies with any standard or policy specified, although the Code of Conduct is intended to help support compliance. The Code of Conduct does not create any benefit or rights in favour of, and is not enforceable by, any third party.