News

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




Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Toddler caught in mum, dad fight hits head

THE dad threw a pot plant at the front door and rode off on a bike.

Hammerhead shark so big it sinks fishermen's boat

Two fishermen had their boat upturned when a hammerhead shark they caught jumped into their small tinnie.

FISHERMEN caught up in scary ordeal at dusk.

'Can't afford it': Gladstone tradies in struggle for work

Photo Luka Kauzlaric / The Observer

Young Gladstone tradies need to find a job soon

Latest deals and offers

Bennett, Langer, Thurston and others talk Cam Smith

Broncos and former QLD coach Wayne Bennett.

Broncos and former QLD coach plus past and present players talk about Cameron...

Chanelle Ashanti's ute hit outside work

Chanelle Ashanti couldn't believe a big people mover crashed into her fluro ute this morning.

Chanelle Ashanti's ute hit outside work

Chanelle Ashanti's ute hit outside work

Chanelle Ashanti couldn't believe a big people mover crashed into her fluro ute this morning.

Chanelle Ashanti's ute hit outside work

Own Sunshine Coast property? You’re about to make money

UP AND UP: Property owners are likely to win from rent and price increases but tenants and first home buyers might not be so happy. Photo: Brett Wortman / Sunshine Coast Daily

Good new for property owners, not so good for buyers and tenants.

Gladstone's 10 cheapest houses for sale

ALL of the houses are selling for well under $200,000.