IM 2017 September 17 | Page 5
THE LEADER
VO LU M E 1 2 • N U M B E R 9
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I
The company soon
moved out of the confines
of South Africa assisting,
through financial support,
the development of the
Bwana M’Kubwa mine, on
the lucrative Copperbelt in
Zambia, then Northern Rhodesia. Mines there
were to become the backbone of Zambia’s
economy, as they are today.
It was 1926 when Anglo became the largest
single shareholder in De Beers Consolidated
Mines. That association was cemented in 1929
when Sir Ernest became Chairman of De Beers.
The real move into Northern Rhodesia came
in 1927 with an investment of £1 million to
develop the N’kana mine in Kitwe – a mine that
continues to expand its footprint as part of
Mopani Copper Mines.
In 1928 a key partnership was established
with the discoverer of South Africa’s PGM-
bearing reef, Hans Merensky, to establish
Johannesburg Consolidated Investment Co (JCI
or Johnnies). Anglo American Platinum was
one of the companies that emerged from its
break-up in the 1990s.
In 1936 an innovative partnership
establishing Boart International engineered
new ways to use previously discarded inferior
quality diamonds in drilling equipment. This
evolved into a completely new branch of
manufacturing for Anglo.
In 1938 the foundations of the company’s
South African headquarters at 44 Main Street
in Johannesburg were laid. That building is still
a Johannesburg landmark.
1953 saw further commodity diversification
continue as new partnerships led to the
opening of Anglo’s first uranium plant at
Daggafontein mine in Gauteng province.
In 1961 an investment in the Hudson Bay
Mining and Smelting Co in Canada marked the
first significant mining investment beyond
southern Africa, expanding its partnerships
portfolio and production in zinc, copper and
precious metals.
In 1964, The Rockeater, a deep-water
mineral prospecting vessel, was chartered by
De Beers off the Atlantic coast of South West
Africa, creating new scope for diamond
discovery.
In 1967, as a pioneer in the steel industry
following the 1964 acquisition of Scaw Metals,
and the formation of Highveld Steel and
Vanadium Corp in 1965, the group developed
IM uses, as preference,
SI units throughout, so, for example, all
tonnes are metric unless otherwise stated.
All dollars are US unless otherwise stated
n 1917, entrepreneur Ernest Oppenheimer
established Anglo American, which
celebrates its centenary on the 25th of this
month. There are many milestones to
remember for this company that at one time
was far and away the biggest company in
South Africa. Beyond its mines, its spread has
covered banking and finance, property, timber,
pulp and paper manufacture, construction,
farming, food, viniculture, brewing, vehicle
manufacture, publishing, precious metals
refining and a wide variety of mining
equipment. There was an old adage that what
was good for General Motors was good for the
USA, but during its first 75 years or so, that
was far more apposite to Anglo and South
Africa.
On a visit to an Anglo mine in the second
half of the 1980s, one would likely have been
lowered underground in a shaft developed by
LTA or Shaft Sinkers, in a cage supported by
Haggie steel cables. In the mine would have
been explosives and initiation systems from
AECI, as well as drill bits, drills and other
equipment from Boart (later to merge and
become Boart Longyear). In the plant the
grinding balls for the ball mills would probably
have been produced by Scaw, and Johnson
Matthey would perhaps have refined the
precious metals products. Those were just a
few of the companies in the ‘Anglo Empire’.
The cross-holdings of Anglo American and
De Beers were extremely complex and at one
time embraced over 1,350 subsidiaries and
associated companies. These included other
mining houses like Charter, Consgold and JCI.
In the late 1980s, according to David Pallister,
Sarah Stewart and Ian Lepper in South Africa
Inc., Anglo American Corp of South Africa (AAC)
administered mines that produced 41% of the
country’s gold, 57% of its uranium and 22% of
its coal. De Beers then mined the bulk of South
Africa’s diamonds. “When the other [mining]
houses are taken into account,” the authors
wrote, “the group’s control of South Africa’s
gold and uranium rises to over 70%, with a
slighter smaller but still dominant position in
coal and platinum.”
It was 1920 when The Consolidated
Diamond Mines of South West Africa (the
forerunner of CDM and later Namdeb) was
established.
1922 saw the merger between De Beers and
Nobel that created African Explosives and
Chemical Industries (AECI).
SEPTEMBER 2017 | International Mining 3