Measuring our Performance
key indicators

We measure performance against the four strategic elements of our strategy through Group-wide targets and improvement measures.

Investing in world class assets in the most attractive commodities

KPI Targets

Total shareholder return (TSR)

Share price growth plus dividends reinvested over the performance period. A performance period of three years is used and TSR is calculated annually

Return on capital employed (ROCE)

Total operating profit before impairments for the year divided by the average total capital less other investments and adjusted for impairments

Capital projects and investment

Optimise the pipeline of projects and ensure that new capital is only committed to projects that deliver the best value to the Group on a risk adjusted net present value basis

Underlying earnings per share

Underlying earnings are net profit attributable to equity shareholders, adjusted for the effect of special items and remeasurements and any related tax and non-controlling interests

Results and targets

Return on capital employed
Underlying earnings per share
Capital projects and investment

A summary of the Group’s capital projects and investments can be found here

Total shareholder return (TSR)

Please refer to the Remuneration report

Organising efficiently and effectively

KPI Targets

Asset optimisation (AO)

Sustainable operating profit benefit from optimised performance of the asset base of the core businesses

Supply chain

Operating profit and capital spend benefits to the Group resulting from centralised procurement from core businesses

Results and targets

Asset optimisation (AO)
2009 $749 million
2010 $1,548 million
Target $1 billion by 2011(1)
Supply chain
2009 $445 million
2010 $713 million
Target $1 billion by 2011(2)
  • (1) $1 bn of sustainable operating profit benefit from core businesses by the end of 2011.
  • (2) $1 bn of operating profit and capital spend benefits from core businesses by the end of 2011.

Operating safely, sustainably and responsibly

KPI Targets

Work related fatal injury frequency rate (FIFR)

FIFR is calculated as the number of fatal injuries to employees or contractors per 200,000 hours worked

Lost time injury frequency rate (LTIFR)

The number of lost time injuries (LTIs) per 200,000 hours worked. An LTI is an occupational injury which renders the person unable to perform his/her duties for one full shift or more the day after the injury was incurred, whether a scheduled workday or not

Energy consumption

Improvements in energy efficiency are measured from a 2004 baseline

Greenhouse gas (GHG) emissions

Reduction in CO2 emissions per unit of production is measured from a 2004 baseline

Total water use

Total water use includes only water used for primary activities

Corporate social investment

Social investment as defined by the London Benchmarking Group includes donations, gifts in kind and staff time for administering community programmes and volunteering in company time and is shown as percentage of profit before tax

Enterprise development

Number of companies supported and number of jobs sustained by companies supported by Anglo American enterprise development initiatives

Results and targets

Work related fatal injury frequency rate (FIFR)
2009 20 fatalities, 0.010 FIFR
2010 14 fatalities, 0.008 FIFR
Target Zero fatal incidents
Lost time injury frequency rate (LTIFR)
2009 0.76
2010 0.57
Target Zero incidents – the ultimate goal of zero harm remains
Energy consumption
2009(3)(4) 102.1 million GJ total energy used
2010 100.7 million GJ total energy used
Target A 15% intensity reduction by 2014
GHG emissions
2009(4) 19 Mt CO2 equivalent
2010 20 Mt CO2 equivalent
Target A 10% intensity reduction by 2014
Total water use
2009(4) 125.3 million m3
2010 115.2 million m3
Target Under revision
Corporate social investment
2009 $82.5 million, 1.9% of profit before tax
2010 $111 million, 1.3% of profit before tax
Enterprise development
2009 Businesses supported: 3,720
Jobs sustained: 12,982
2010 Businesses supported:
9,392
Jobs sustained:
17,200
Target Businesses supported:
3,500
Jobs sustained:
18,000
  • (3) The 2009 figure was revised since the publication of the 2009 Annual Report after amendments in accounting methodologies.
    It includes operations that have since become independently managed.
  • (4) Includes businesses since divested.

Employing the best people

KPI Targets

Voluntary labour turnover

Number of permanent employee resignations as a percentage of total permanent employees

Gender diversity

Percentage of women and female managers employed by the Group

Voluntary HIV counselling and testing (VCT)

Percentage of employees in southern Africa undertaking voluntary annual HIV tests with compulsory counselling support

Results and targets

Voluntary labour turnover
2009 6.8%
2010 5.3%
Voluntary HIV counselling and testing (VCT)
2009 82%
2010 94%
Target 95% VCT in high disease burden countries (100% is tthe long term goal)
Gender diversity
2009 12% females,
19% female managers
2010 14 females,
21% female managers