Mining industry has let productivity slip, Anglo chief says

Incoming Anglo American chief executive Mark Cutifani has flagged major changes to the way the company operates.
Incoming Anglo American chief executive Mark Cutifani has flagged major changes to the way the company operates.

INCOMING Anglo American chief executive Mark Cutifani has flagged major changes to the mining giant's operations, saying productivity is a key concern and one where the mining industry is decades behind other industries.

Unlike many miners bemoaning the high costs of doing business in Australia, Mr Cutifani did not point the finger at governments, but said the industry itself had let things slip.

"In the mining industry, we're some 20 to 30 years behind other more progressive sectors in terms of productivity and business practices," Mr Cutifani said.

He told News Ltd that a good mineral deposit had tended to make a good mining manager.

"We've got to go beyond that and make sure that we're working our assets, the engine room, as hard as we can," the Wollongong-born mining boss said.

It is unclear what this may mean for Anglo American's 3500 permanent Australian employees and 1500 contractors working in Queensland and NSW coalmines.

Before his latest appointment, Mr Cutifani was chief executive officer of AngloGold Ashanti Limited, the South Africa-based gold producer, since 2007 and led the restructuring and development of its business, which includes operations in 10 countries on four continents.

He started his career in the coal and gold mining industries in Australia and has experience across a wide range of commodities.

Topics:  biloela, gladstone, mining, queensland, resources



Local Real Estate

Featured Real Estate
FULLY SELF CONTAINED... $9500.00 From
Cabin $12.5K for 6 x 2.4 x 2.5m fully installed. D.I.Y $9.5k bare ...
LEASEHOLD EXCITING... $80,000 p/a + GST...
Commercial Positioned perfectly on the fringe of Rockhampton's CBD, just off Gladstone Road ...
Well Presented... $285 Weekly
House 3 1 2
Luxury Waterfront... $1,200,000
House 4 3 2

Featured Jobs

Rockhampton jobs listed daily

Featured Jobs
Mechanical Fitters &... Rockhampton Full Time
Mechanical Fitters &... Rockhampton Full Time
FIELD REPRESENTATIVES Coolangatta Full Time


Local Partners

LATEST DEALS AND OFFERS

Local Jobs

Search for your next job now!
Learn More

View today's ePaper!

Read the digital edition
Learn More

Cars For Sale

Find cars for sale online now.
Learn More

Subscription Sale

Subscribe now for $1 for 14 days.
Learn More

Local Profile

Stay Connected

Get the news as it happens, in your inbox

You can change the newsletters you are subscribed to when you edit your profile

Edit Profile


Special Offers

Latest deals and offers

Horoscopes

Leo

You may want to reconsider whether your friends have the same spiritual goals as you, otherwise you could get distracted and start to wonder...

read more

Marketplace

Special Offers & Promotions

Compare & Save