Anglo American FutureSmart Success Story

At the time in April 2013 when Mark Cutifani took over as group CEO for Anglo American the company was in deep water and he had to make some big changes. His restructuring plans targeted 66% of the workforce and 15 different businesses through consolidation, optimisation and efficiency while simultaneously increasing yield.

As a consequence, the company has reduced its debt and operating costs and increased dividend disbursements, revenue and productivity.

While the full extent of actions taken could not have been easy. They were necessary to save a company in a downward spiral, coupled with the good turn of events that has seen commodity prices making gains Mr Cutifani has achieved something truly remarkable with Anglo American.

Most notable amongst the successes are the changing tack towards a technological focus and the implementation of Anglo Americans FutureSmart Mining programme. The initiative to drive innovation and technology in Mining.

Some of these FutureSmart mining solutions are using Hydrogen Fuel cells for Power, Waterless mining, Semi-autonomous drilling and fiber optics to mention a few.

The future is here, the technology exists to do more with less – be more time efficient and improve quality of life. Yellow Metal provides a Free peer-to-peer marketplace community, where users can post offers for Mining Equipment, Tools, Machines and Spare Parts for Sale or for Hire and other users who are looking for those post a request and are matched with the best options. Be future smart use YellowMetal.app to buy, sell, hire or rent out Mining Equipment, like Mining Crushers, Mining Screens, Drilling Rigs and Mining Spare Parts and Attachments.

 

Opinion Piece based on the Original Article Posted on THE AFRICA REPORT website
By Brendan Peacock on Tuesday, 6 August 2019 link here: https://www.theafricareport.com/15965/south-africa-anglo-american-ceo-digs-deep-to-rescue-fortunes/

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