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'Anglo American plc' (, ) is a world-wide group of companies, originally founded in South Africa as a mining enterprise but now extending into other areas. Natural resources remains the focus of its operations. Its headquarters are in London, UK with its primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Contents

History

Subsidiaries

Criticism

References

External links

History

Sir Ernest Oppenheimer founded the Anglo American Corporation, a gold mining company, in 1917. The AAC became the majority stakeholder in the De Beers company in 1926. Two years later the AAC began mining in the Zambian copper belt. Anglo American merged with Minorco on May 24, 1999.^[1] Its gold mining operations were spun off into the separate AngloGold corporation, which later merged with the Ashanti Goldfields Corporation to form AngloGold Ashanti.

Subsidiaries

The group's subsidiaries include Tarmac (UK), Copebras (Brazil), Anglo Platinum Ltd (South Africa). It also holds 45% of the diamond mining company De Beers.^[2] The Mondi Group was spun out in 2007.

Criticism

In August 2007 British charity War on Want published a report accusing Anglo American of profiting from the abuse of people in the developing countries in which the company operates.^[3]

References

1. History Angola American PLC
2. Anglo American (2007)''History'', Corporate website [accessed 21 July 2007]
3. Anglo American: The Alternative Report

External links

★ Anglo American plc website

★ D.R. Congo: Gold Fuels Massive Human Rights Atrocities, Leading international corporations established links to warlords, Human Rights Watch, 2 June 2005