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The Times 100 Business Case Studies Edition 16

The Times 100 Business Case Studies Edition 16. Adding value through asset optimisation. Introduction to Anglo American. One of the world’s largest mining companies Employs over 100,000 people worldwide 2010 operating profit almost $10 billion Portfolio of mining businesses

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The Times 100 Business Case Studies Edition 16

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  1. The Times 100 Business Case StudiesEdition 16 Adding value through asset optimisation

  2. Introduction to Anglo American • One of the world’s largest mining companies • Employs over 100,000 people worldwide • 2010 operating profit almost $10 billion • Portfolio of mining businesses • Extraction of diamonds, platinum, copper, iron ore and coal • Focused on performance improvement • Business strategy is to be: • Key investment partner • Employer of choice • Business culture encourages employee involvement and ideas generation

  3. Operation Reviews • 8-step process to improve performance across value chain • Maximise efficiency, competitiveness and profitability • Structured evaluation in 3 functional areas: • Operational, Technical, Safety and Sustainable Development

  4. Asset management andoptimisation • An holistic approach to: • Health of the business • Skills, mindset, behaviours • Performance • Cost, productivity, improvement • Ongoing and continuous – similar concept to Kaizen • Embedded in day-to-day operations • Aims to deliver added value • Maximise performance relative to cost • Combines technical capacity with operational expertise • Establishes best practice across the Group

  5. Asset optimisation (AO)programme • Concentrates on 3 components: • Business performance • Uses technical capabilities • Shares best practice and learning • Change management • Influences attitudes to change • Establishes a ‘yes, we can’ approach • Performance analysis • Manages a reporting system to track outcomes and impacts

  6. The 5 phase AO process • Opportunity • Identify potential for improvement • Idea • Research options • Initiative • Decide on best option and plan • Project • Allocate resources and implement • Business as usual • Embed into day to day working

  7. Benefits of AO • Creates improvement culture • 85% of all benefits sustainable and long term • Identifies future opportunities for improvement • Over 250 new opportunities identified so far • More efficient extraction • e.g. Platinum Group Metals annual profit benefits expected to exceed $100 million • $1.6 billion benefits to Group in 2009 (against target of $1 billion) • $2.1 billion benefits to Group in 2010

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