May 17, 2020

Rumours Rife over Anglo American Plans to Sell Off South African Platinum Mines

Anglo American
Deutsche Bank AG
African mining
Mark Cutif
Admin
1 min
Rumours Rife over Anglo American Plans to Sell Off South African Platinum Mines
Anglo American, the UK-based mining company with platinum interests in South Africa, is rumoured to be considering selling off those mines, which have b...

Anglo American, the UK-based mining company with platinum interests in South Africa, is rumoured to be considering selling off those mines, which have been plagued with long-running industrial disputes.

The three loss-making mines at Rustenburg are operated for Anglo by Anglo American Platinum and according to leading analysts could be sold off for $1.4bn by 2015.

Anglo American SA’s head of corporate Communications was reported earlier this week as saying: “The industry is facing significant headwinds to realise the levels of returns that we would view as acceptable, so we are examining how we could reconfigure the portfolio to drive returns, particularly taking into account the opportunity presented by our unique and world-class open pit.”

According to leading mining analyst Rob Clifford, of Deutsche Bank AG South Africa’s major gold producing company Sibanye Gold might be interested in taking over the platinum mines.

He was reported as saying: “There is an opportunity for a new owner of the Rustenburg mines to take out costs.

“Some mining industry participants are looking in general at merger and acquisition opportunities in the platinum industry. The on-going strike may bring some of those opportunities to fruition.”

Mark Cutifani, Anglo’s Chief Executive Officer, has previously revealed his company’s intention of Mechanising open pit operations to steer away from over intensive manual labour at the underground operations.

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May 18, 2021

Anglo American: FutureSmart Mining

Anglo American
Sustainability
Digitalisation
FutureSmart Mining
3 min
Anglo American is reimaging mining to improve people’s lives by leveraging technology, digitalisation and sustainability for FutureSmart Mining

Anglo American’s approach to technology, digitalisation and sustainability is changing the nature of the way the company mines. These are the step-change innovations that will transform the nature of mining – how the company sources, mines, processes, moves and markets its products – and how its stakeholders experience that business. Anglo American is transforming its physical and societal footprint with FutureSmart Mining.

FutureSmart Mining

“FutureSmart Mining is our innovation-led approach to sustainable mining,” Anglo American’s Tom McCulley told Mining Gllobal. In his role as CEO for Anglo American Peru & Group Head of Projects he has overseen investment of more than $5bn at the company’s Quellaveco copper project in Peru.

“These are the step-change innovations that will transform the nature of mining – how we source, mine, process, move and market our products – and how our stakeholders experience our business. It’s about transforming our physical and societal footprint.”

Technology

Anglo is undertaking a feasibility study to assess the possibility of rolling out one of its FutureSmart technologies, Coarse Particle Recovery (CPR), at Quellaveco. “CPR crushes particles to 2.5 times larger than normal, reducing energy consumption and mill time, leading to a 20% increase in throughput and 85% water recovery - a key issue in Peru given the concerns around water scarcity,” says McCulley.

“By allowing water to release from the much coarser particles, CPR will reduce the risks associated with wet tailings and ultimately help eliminate them altogether. When combined with low cost additives, it is possible to dewater residual waste and produce dry stackable tailings. This technology remains a focus area for us as water sent to tailings facilities often represents the largest water loss at a mine.”

Digitalisation

Quellaveco is going to be the first mine to run the FutureSmart operating model from day one. Anglo’s idea is to build a stable base on which it can layer new technologies, CPR being one of them. 

“We will also be a fully digital mine, which brings us future benefits in terms of understanding and applying changes in real time,” adds McCulley. “Our trucks and our drills will be automation-ready. We have taken the approach that, when we decide to move into an autonomous operation, no jobs will be lost, but the nature of some people’s jobs will have to change.”

Sustainability

FutureSmart is a blend of technology and sustainability,” said McCulley in an interview with Global Business Reports. “If you go back to the vision and design of Quellaveco, it has really been focused on the long-term sustainability of the mine through effective use of things like water, energy and the environment. Quellaveco has been focused on technology such as automation, with digital and analytical tools all coming together. We will be looking at future technologies to bolt on as we go to ensure that we are optimizing the sustainable use of resources and remaining cost-effective.”

Quellaveco

Anglo American’s Quellaveco copper project in Peru has created 15,000 jobs during construction and approximately 2,500 jobs are planned for operations, increasing Peru’s copper production by a forecast 300,000 tonnes per year. The mine’s first copper production is expected in 2022. To learn more about Anglo American's Quellaveco copper project read our feature here.

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