Anglo American restructures

Anglo American plc is going to restructure its businesses units to create a more streamlined management structure and further focus the Group on its core mining portfolio. The international mining group will create seven commodity business units (BU). Additionally, Anglo has decided to divest certain non-core assets. The new single commodity focused business groups will each be located in the area of core geographic focus for the Business Unit. Each BU will be responsible for its operational performance and project delivery. South Africa will host three key Business Units, the Platinum BU, Thermal Coal BU and Kumba Iron Ore BU. In South America, Anglo America’s Copper BU will be based in Chile, while Brazil hosts both the Nickel BU and Iron Ore Brazil BU. The seventh business unit, the Metallurgical Coal BU will be based in Australia. The Groups overall management will be based in London, the management team lead by five directors will be responsible for corporate functions, provide strategic support to the BUs and ensuring the ongoing realisation of group-wide synergies. Anglo American also said that they will divest its non-core operations including Scaw Metals, Copebrás, Catalão and the Group’s portfolio of zinc assets.
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