MAC/20: Mines and Communities

Anglo Under Heavy Fire

Published by MAC on 2007-04-22


Anglo under heavy fire

22nd April 2007

As the world's fourth largest mining company (by market capitalisation), Anglo American is clearly a force to be reckoned with. - And so it was at this year's annual shareholders' meeting, held in London on April 17, when community representatives from South Africa and the Phillipines mounted a concerted attack on the company's policies and practices.

But these aren't the only quarters from which the attacks are coming (it's up against community critics in Ghana, Colombia and elsewhere). Nor are these the only threats it faces.Speculation has been increasing in recent weeks that Anglo's rivals in the top mining stakes may soon mount a takeover bid.

And Xstrata looks to be the most likely bidder.

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