Archive | Anglo American

Anglo American CEO Cynthia Carroll – Speech to the Mining Indaba Cape Town, 2 February 2010 – “Making a Real Difference”

Anglo American CEO Cynthia Carrol

Mining Indaba is the world’s largest gathering of mining’s most influential stakeholders and decision-makers vested in African mining.


“Making a Real Difference”

Minister Shabangu, fellow delegates… Good morning, everybody. Once again, it’s a great pleasure to address the Mining Indaba……one of the foremost events in the mining calendar.

This morning I’d like to talk to you on three main topics:

•First Anglo American itself and how we’ve restructured the business to drive sustainable long-term performance and how we’re positioned optimally for economic recovery.
•Second some of the great challenges our industry is facing energy, water, sustainability and climate change.
•Third the continued good progress that Africa is making on both the political and economic fronts.
•And, finally, a few words on the outlook for the mining industry.

Let me start with the excellent progress we have made at Anglo American. Anglo American is a leading global mining company, and the biggest mining company on the African continent. Our roots were planted here in South Africa more than 90 years ago, and we have grown now to market capitalisation of around 370 billion rand or $50 billion.

Anglo American’s mining focus is on those commodities with the most attractive longterm through-the-cycle returns. Continue Reading →

Anglo American CEO Cynthia Carroll – Amsterdam GRI Conference Speech – Sustainable Development and Sustainable Development Reporting – A Business Perspective

Anglo American CEO Cynthia CarrollIt is an honour to address such an assembly – and to be able to contribute to the debate about the future of company reporting of our non-financial impacts on the societies in which we work.

I would like today to look at various aspects surrounding sustainable development from a business perspective as the head of Anglo American plc.

I will start by introducing the company and will then move on to issues that concern us all, which include:

• the sustainable development challenge for the natural-resource industry;
• the problems surrounding water;
• the world’s future energy demands;
• Anglo American’s ‘clean’ initiatives and what we are doing to stay in the forefront of the sustainable development field
• the need for greater transparency in our SD partnerships and SD reporting.

Anglo American is one of the world’s top five mining groups and occupies a position in the top ten of the London Stock Exchange’s FTSE 100 Index. It has a market capitalisation of about 90 billion dollars.

We have a presence in 45 countries, stretching from Alaska to Australia and from Chile to China. Outside of the oil and gas sector, we are Africa’s leading investor.

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Anglo American CEO Cynthia Carroll – Cape Town African Mining Indaba Speech – Opportunities in Africa

Anglo American CEO Cynthia Carroll visits Anglo Platinum’s Amandelbult Mine - Anglo American Photo

Mr Chairman, honourable Ministers, ladies and gentlemen,

I was delighted to be asked to deliver the keynote address at this year’s mining Indaba, which as you know is one of the premier conferences of the mining industry. As chief executive of Anglo American, I head the mining group which for the best part of a century has been the leading mining investor and employer in Africa, and which today provides direct employment for around 150,000 people globally with 110,000 of them here in Africa.

In 1917, –Anglo American was born in Africa, and not only are our roots here but we retain a strong commitment to the continent. More than 40% of our assets are located in Africa. These include all the mining and refining operations of Anglo Platinum, the world’s number 1 platinum producer; many of Anglo Coal’s mines; and the great majority of the mines of our associate De Beers.

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Anglo American CEO Cynthia Carroll – An Introduction

Anglo American CEO Cynthia Carroll - Anglo American PhotoCynthia Carroll succeeded Tony Trahar as Chief Executive Officer of Anglo-American on March 01, 2007. As President and Chief Executive Officer of the former Alcan’s Primary Metal Group, her responsibilities include all of that company’s primary metal facilities, research and development, technology and power generation with 18,000 employees operating in 20 countries around the world. The then Primary Metal Group accounted for approximately $12 billion in turnover and 75% of Alcan’s earnings.

Cynthia Carroll started her career with Alcan in 1988 in the Rolled Products Group.  In 1991 she became the General Manager of Alcan’s U.S. Foil Products packaging business. She next served in Ireland as the Managing Director of Alcan’s Aughinish Alumina subsidiary. From 1998 to 2002 she was President of Alcan’s Bauxite, Alumina & Speciality Chemicals Group. Since 2002 Cynthia Carroll has worked to substantially reposition Alcan in the aluminium industry while simultaneously reducing costs, resulting in Alcan Primary Metal now achieving the highest profitability and returns in the history of the company.

During this time she led the successful integration of Pechiney’s primary metals business; developed a project pipeline of over $10 billion through the expansion of existing businesses, acquisitions and the development of new facilities in South Africa, China, Canada, Oman, and France; and achieved an over 80% improvement in Lost Time Accidents (LTAs). Prior to joining Alcan, Cynthia Carroll was a Senior Petroleum Geologist for Amoco in North America.

An American citizen, she has a Masters of Science degree from the University of Kansas and an MBA from Harvard University. Last August, according to Forbes Magazine’s one hundred most powerful women in the world list, Cynthia Carroll came in at number seven.

According to a recent Sunday Times profile titled, “Cyclone Cynthia Carroll shakes up Anglo”, she has modernized the company, repaired damaged relations with South Africa and is focusing on increasing value internally as opposed to looking for mergers or takeovers.