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Anglo American plc
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===2010 to present=== In early November 2011, Anglo American entered into talks with the [[Oppenheimer family]] to divest the latter's remaining shares of De Beers, whereby Anglo American acquired an additional 40% stake for $5.1 billion, increasing their overall stake to 85%. This came at a time of increased labour strikes and international attention to Oppenheimer's involvement in [[conflict diamonds]].<ref>{{cite news|url=https://www.bbc.co.uk/news/business-15590256|title=Anglo American in $5bn De Beers deal with Oppenheimers|access-date=10 November 2011|work=[[BBC News]]|date=4 November 2011}}</ref><ref>{{cite news|url=https://www.washingtonpost.com/business/industries/anglo-american-raises-stake-in-de-beers-to-85-pct-with-51-bn-purchase-of-oppenheimer-stake/2011/11/04/gIQAiapQlM_story.html|title=Anglo American raises stake in De Beers to 85 pct with $5.1B purchase of Oppenheimer stake|access-date=10 November 2011|newspaper=[[The Washington Post]]|date=4 November 2011}}{{dead link|date=June 2021|bot=medic}}{{cbignore|bot=medic}}</ref> Anglo American then sold a 24.5% share in its Chilean copper unit, Anglo American Sur, to Japan's [[Mitsubishi Corporation]] for $5.39 billion, paid with a promissory note due on 10 November 2011. With this deal, the Anglo American Sur complex was valued at $22 billion.<ref>{{cite web |url=https://www.bloomberg.com/news/2011-11-09/anglo-american-sells-24-5-holding-in-aas-to-mitsubishi-for-5-39-billion.html |title=Anglo Sells Chile Unit Stake in 'Bold' Bid to Thwart Codelco |date=10 November 2011 |first1=Firat |last1=Kayakiran |first2=Matt |last2=Craze |website=[[Bloomberg News]] }}</ref> In November 2012, Anglo American completed the sale of steel maker Scaw South Africa and its connected companies for a total of R3.4 billion in cash.<ref>{{cite web|url=https://www.reuters.com/article/us-angloamerican-idUSBRE8AP06720121126 |title=Anglo sells Scaw South Africa for $383 million |date=26 November 2012 |first=David |last=Dolan |website=[[Reuters]] }}</ref> In July 2014, Anglo American said it was disposing of its 50% shareholding in [[Lafarge Tarmac]], a building materials joint venture, to cement maker Lafarge SA for a value of not less than £885 million ($1.5 billion);<ref name="AngloLafarge">{{cite news|title=Mining giant Anglo American to sell stake in Lafarge Tarmac for $1.5 bn|url=http://www.londonmercury.com/index.php/sid/223584359/scat/9d7afd9766a94f28/ht/Mining-giant-Anglo-American-to-sell-stake-in-Lafarge-Tarmac-for-15-bn|date=7 July 2014|work=[[London Mercury]]|access-date=7 July 2014|archive-url=https://web.archive.org/web/20140714130424/http://www.londonmercury.com/index.php/sid/223584359/scat/9d7afd9766a94f28/ht/Mining-giant-Anglo-American-to-sell-stake-in-Lafarge-Tarmac-for-15-bn|archive-date=14 July 2014|url-status=dead}}</ref> the sale was subsequently completed in July 2015 for $1.6 billion.<ref>{{cite news|last1=Mark|first1=Odell|title=Anglo American completed sales of Lafarge-Tarmac stake|url=http://www.ft.com/cms/s/0/87e5bd04-2c86-11e5-acfb-cbd2e1c81cca.html#axzz3hl5CKCzD|newspaper=[[Financial Times]]|access-date=3 August 2015}}</ref> In October 2014, Anglo American's [[Minas-Rio|Minas-Rio iron ore project]] in Brazil began operating and shipping ore.<ref name="Bloomberg">{{cite web |last1=Kayakiran|first1=Firat|title=Anglo's Minas-Rio to Lift Ebitda by $560 Million, Bernstein Says|url=https://www.bloomberg.com/news/articles/2014-10-28/anglo-s-minas-rio-to-lift-ebitda-by-560-million-bernstein-says|date=28 October 2014 |website=[[Bloomberg News]] |access-date=3 August 2015}}</ref> In July 2015, Anglo American announced that it would cut 53,000 jobs (35% of their workforce) and that in the first half of 2015, they had a financial loss of US$3 billion.<ref name="Patterson-2015">{{cite news |url=https://www.wsj.com/articles/anglo-american-posts-3-billion-loss-amid-plunging-commodity-prices-1437719758 |title=Anglo American to Slash 53,000 Jobs as Commodity Price Falls Hit Results |date=24 July 2015 |first=Scott |last=Patterson |work=[[The Wall Street Journal]] }}</ref> In early December 2015, the company announced that, as part of a [[restructuring|restructure]], it would be cutting a further 85,000 mining jobs, nearly two-thirds of its work force of 135,000, worldwide. It also announced the consolidation of six of its divisions into three businesses, while dividend payouts to investors were also suspended for a year.<ref name="bbc-cut-workers">{{cite web |url=https://www.bbc.com/news/business-35038076 |title=Anglo American to cut workforce by 85,000 in restructuring |date=8 December 2015 |website=[[BBC News]] |access-date=9 December 2015}}</ref> The company also had its Dawson, [[Foxleigh coal mine|Foxleigh]] and [[Callide, Queensland|Callide]] coal mines in Central [[Queensland]], as well as its Dartbrook coal mine in the [[Hunter Valley]] in [[New South Wales]], put up for sale as its shares dropped to a record low on the [[London Stock Exchange]], falling by more than 12 per cent.<ref name="abc-dec2015-restruct">{{cite news |url=http://www.abc.net.au/news/2015-12-09/anglo-american-to-cut-85000-mining-jobs-worldwide/7012784 |title=Anglo American to cut 85,000 mining jobs worldwide as part of restructure, four Australian mines remain for sale |date=9 December 2015 |last1=Lannin |first1=Sue |website=ABC News |access-date=9 December 2015}}</ref> In March 2017, British Indian industrialist [[Anil Agarwal (industrialist)|Anil Agarwal]] purchased 11% of the company through his family trust Volcan.<ref>{{cite news|url=https://www.telegraph.co.uk/business/2017/03/16/anil-agarwals-dawn-raid-anglo-american-throws-miners-future/ |archive-url=https://web.archive.org/web/20170316185935/http://www.telegraph.co.uk/business/2017/03/16/anil-agarwals-dawn-raid-anglo-american-throws-miners-future/ |archive-date=2017-03-16 |url-access=subscription |url-status=live |title=Anil Agarwal's 'dawn raid' on Anglo American throws miner's future up in the air |date=16 March 2017 |first=Jon |last=Yeomans |newspaper=[[The Daily Telegraph]] |access-date=25 February 2018}}</ref> In September, he took the holding to 20% through another purchase worth about $1.5 billion.<ref>{{cite news |url=https://www.ft.com/content/0c0dcaec-9ede-11e7-9a86-4d5a475ba4c5 |title=Why Anil Agarwal has lifted his stake in Anglo American to 20% |date=28 September 2017 |first=Neil |last=Hume |work=[[Financial Times]] |access-date=25 February 2018}}</ref> In April 2017, the company sold its [[Eskom]]-linked thermal coal operations in South Africa for $166 million, marking an important step in the mining giant's strategic overhaul to sharpen its focus on three commodities.<ref>{{cite news|url=https://www.moneyweb.co.za/mineweb/mining-companies-investment/anglo-american-to-sell-eskom-tied-coal-operations-in-sa/ |title=Anglo American sells Eskom-tied coal operations in SA |date=10 April 2017 |work=Moneyweb |access-date=31 August 2017 |language=en-US}}</ref> In October 2019, Anglo American announced a partnership with French energy company [[Engie]]<ref>{{cite web|url=https://www.miningmagazine.com/fleet/news/1373393/anglo-engie-to-roll-out-worlds-largest-hydrogen-truck |title=Anglo, Engie to roll out 'world's largest' hydrogen truck |date=11 October 2019 |first=Nia |last=Kajastie |work=Mining Magazine |access-date=23 December 2019}}</ref> and engineering firm [[First Mode]] to develop the world's largest hydrogen-powered [[Haul truck|mine haul truck]].<ref>{{Cite web |last=Boyle |first=Alan |date=17 December 2019 |title=First Mode forges $13.5M agreement with Anglo American to develop mining tech |url=https://www.geekwire.com/2019/first-mode-forges-13-5m-agreement-anglo-american-develop-mining-tech/ |access-date=6 June 2023 |website=GeekWire}}</ref> In January 2020, Anglo American made a 5.5p per share offer to buy a [[polyhalite]] fertiliser project (in [[North Yorkshire]], [[England]]) from [[Sirius Minerals]] for £400m.<ref>{{Cite news|url=https://www.yorkshirecoastradio.com/news/local-news/3027725/agreement-reached-for-takeover-of-whitby-potash-mine/|title=Agreement Reached For Takeover Of Whitby Potash Mine|date=2020-01-20|work=Yorkshire Coast Radio}}</ref> In salvaging the financially troubled project, Anglo American envisages spending around £230m to keep construction going.<ref name="Morby-20Jan2020">{{cite news |last1=Morby |first1=Aaron |title=Anglo American commits to saving £2.5bn potash mine project |url=https://www.constructionenquirer.com/2020/01/20/anglo-amercian-commits-to-saving-2-5bn-potash-mine-project/ |access-date=20 January 2020 |work=Construction Enquirer |date=20 January 2020}}</ref> The sale was approved by shareholders in March 2020.<ref name="Morby-04Mar2020">{{cite news |last1=Morby |first1=Aaron |title=Anglo American seals potash mine project takeover |url=https://www.constructionenquirer.com/2020/03/04/anglo-american-seals-potash-mine-project-takeover/ |access-date=5 March 2020 |work=Construction Enquirer |date=4 March 2020}}</ref> In April 2021, Anglo American announced the demerger of Thungela Resources, which will own a series of significant South African thermal coal assets,<ref>{{cite news|url=https://www.investorschronicle.co.uk/news/2021/04/13/anglo-american-spinning-off-thermal-coal-business/ |title=Anglo American spinning off thermal coal business|date=13 April 2021|newspaper=Investors' Chronicle|access-date=1 June 2021}}</ref><ref>{{cite web|url=https://www.angloamerican.com/~/media/Files/A/Anglo-American-Group/PLC/products/thermal-coal/demerger/thungela-combined-pre-listing-statement-and-prospectus.pdf| title=Thungela Resources: combined pre-listing statement and prospectus|website=Anglo American|date=8 April 2021|access-date=1 June 2021}}</ref> in order to eliminate the risk of clean-up liabilities.<ref>{{cite news|url=https://www.bloomberg.com/news/articles/2021-06-06/anglo-s-coal-spinoff-is-worth-zero-research-firm-boatman-says?srnd=premium-europe|date=2021-06-06|title=Anglo's Coal Spinoff is Worth Zero, Research Firm Boatman Says|author= Thomas Biesheuvel }}</ref> In May 2022, Anglo American and First Mode unveiled the world’s largest [[hydrogen]] powered [[Haul truck|mine haul truck]] at Mogalakwena PGM Mine in northeast South Africa. The project, which is expected to be fully implemented by 2026, is a first step in making eight of the company’s mines [[Carbon neutrality|carbon neutral]] by 2040.<ref>{{Cite web |title=Anglo American unveils a prototype of the world's largest hydrogen-powered mine haul truck - a vital step towards reducing carbon emissions over time |url=https://www.angloamerican.com/media/press-releases/2022/06-05-2022 |access-date=2022-05-10 |website=Anglo American |language=en}}</ref> The company has set a target of getting all of its operations to that status by 2040.<ref>{{Cite web |website=Bloomberg |title=World's biggest hydrogen trucks start work at Anglo American |url=https://businesstech.co.za/news/energy/583728/worlds-biggest-hydrogen-trucks-start-work-at-anglo-american/ |access-date=2022-05-10 |language=en-US}}</ref> President of the Republic of South Africa, [[Cyril Ramaphosa]] was present at the launch and stated, "Developing the hydrogen economy is a strategic priority for our country."<ref>{{Cite web |title=President Cyril Ramaphosa: Launch of Anglo American nuGEN |url=https://www.gov.za/speeches/president-cyril-ramaphosa-launch-anglo-american-nugen-6-may-2022-0000 |access-date=2022-05-10 |website=Government of South Africa}}</ref> [[BHP]] made an offer to acquire the company for £31 billion in April 2024; however, the offer was rejected by the company as "highly unattractive".<ref>{{cite news|url=https://www.theguardian.com/business/2024/apr/26/anglo-american-rejects-takeover-offer-from-mining-rival-bhp |title=Anglo American rejects £31bn takeover offer from mining rival BHP|date=26 April 2024|newspaper=The Guardian|access-date=26 April 2024}}</ref> In May 2024, a revised offer was made by BHP and subsequently rejected by Anglo American.<ref>{{Cite web |title=Bloomberg |url=https://www.bloomberg.com/news/articles/2024-05-13/bhp-says-anglo-american-has-rejected-revised-proposal |access-date=2024-05-13 |website=www.bloomberg.com}}</ref><ref>{{cite web|url=https://www.reuters.com/markets/deals/bhp-says-anglo-american-rejected-revised-proposal-2024-05-13/|title=Anglo American rejects BHP's revised $42.7 billion buyout proposal|website=Reuter|date=May 13, 2024|author=Clara Denina|access-date=May 13, 2024}}</ref>
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