Business

Anglo mines doing well despite downturn

Anglo American Global CEO Cynthia Carroll is on her final tour of the Moranbah region after announcing her resignation last year.
Anglo American Global CEO Cynthia Carroll is on her final tour of the Moranbah region after announcing her resignation last year. Alaina Earl

THE ONUS is on governments to free up land for mining companies seeking space for further development and to provide long-term policies that offer long-term certainty for the industry, according to Anglo American chief executive officer Cynthia Carroll.

On a brief visit to the region yesterday, Ms Carroll said she was impressed with the performance and productivity of Anglo's Moranbah mines.

Ms Carroll, who will step down as CEO of Anglo American officially on April 1, said the future of mining in Australia was positive "in terms of supply and demand".

But she said the Australian industry required "certainty in its development".

"We want to have confidence in the policies put in place and when we make an investment, to know that investment is for decades and not for a couple of years."

It was great to see the development in Moranbah since her last visit in 2011, Ms Carroll said.

"We've just been continuing to improve operationally and with safety."

"We're also pleased with what we're doing in the community."

Ms Carroll, 55, said working in her role as CEO for the past seven years while maintaining a "very close" relationship with her four children had been a "balance of priorities".

She said she was planning some time off with her family after leaving Anglo American Global in May.

"I'm looking at various options," she said.

"I have lots of energy and lots of drive and want to take some time off with my family."

Ms Carroll said she'd seen the company "transform" in her time as CEO.

"We have a very clear objection and vision of where we want to be and how we're going to get there.

"It's a performance driven culture we have invented in the organisation."

 

FIFO AND LOCAL

ANGLO American's metallurgical coal chief executive Seamus French was quick to defend the use of a mix of fly-in, fly-out and local workers at the company's five Central Queensland mines yesterday.

 

"I think we see in these situations always a mixture in terms of where people want to live," Mr French said.

 

"Existing operations are about 40% drive-in, drive-out.

"We make sure we provide accommodation facilities for them.

"It's pretty simple. We want the best people at the operation and we'll take them from wherever they came from.

"We aren't dogmatic about any one particular policy."

Mr French said part of Anglo American CEO Cynthia Carroll's visit to Moranbah had included an update on two new Anglo projects, including a $1.7 billion Grosvenor Mine and Moranbah South project.

"Moranbah ... will really become the centre of gravity," he said.

"It was important for Cynthia to see this for the last time."

Anglo would invest between $5 million and $10 million into the Moranbah South project in the next 10 years, Mr French said.

"Operational performance bodes well for what we're going to do in the future."

Topics:  anglo american, ceo, mining


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