Mark Cutifani
Encyclopedia
Mark Cutifani is an Australian businessman and the current CEO
and a director of South African
gold mining
company AngloGold Ashanti
, a position he has held since October 2007.
As CEO of AngloGold Ashanti, Cutifani hopes to reduce the number of fatalities within the company to zero by 2015, stating that having to live with fatalities in the industry is his greatest disappointment. In his first two and a half years with Cutifani in charge, AngloGold Ashanti reduced the number of fatalities within the company by 70%. In 2006, before he took up office, the company had 37 fatalities, this number was reduced to 16 in 2009.
in 1977 to complete a degree in Mining Engineering
. He graduated in 1982.
After working for Coal Cliff, he joined Kalgoorlie Gold Mines, the Western Mining Corporation, Normandy Mining
and Sons of Gwalia
. He became the managing director of Sons of Gwalia in March 2000 but resigned from his position on 14 February 2003, in a surprise move, to join Inco Limited. The Sons of Gwalia company entered administration
16 month later, in August 2004, following a financial collapse, with debts exceeding $800 million after suffering from falling gold reserves and hedging losses.
Cutifani left Canadian
company Inco, where he held the position of chief operating officer, to join AngloGold Ashanti, being appointed a director of the company on 17 September 2007 and as CEO on 1 October that year. He introduced a "Safety is our first value" campaign within the company shortly after resuming his position. Research into the 2007 fatalities at the company had shown, that 70% of the fatalities were caused by sub-standard operations or actions. Cutifani was hoping to reduce the number of fatalities by a change of culture within the company, citing legacy issues from the past as a main cause for the fatalities, and the improvement of communication.
He was one of the critics of the new Australian Mining Super Tax, which was announced in 2010, stating that it could delay or endanger the company's Tropicana Gold Mine
project.
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
and a director of South African
South Africa
The Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
gold mining
Gold mining
Gold mining is the removal of gold from the ground. There are several techniques and processes by which gold may be extracted from the earth.-History:...
company AngloGold Ashanti
AngloGold Ashanti
AngloGold Ashanti Limited is a global gold mining company. It was formed in 2004 by the merger of AngloGold and the Ashanti Goldfields Corporation.AngloGold Ashanti Limited is now a global gold producer with 21 operations on four continents...
, a position he has held since October 2007.
As CEO of AngloGold Ashanti, Cutifani hopes to reduce the number of fatalities within the company to zero by 2015, stating that having to live with fatalities in the industry is his greatest disappointment. In his first two and a half years with Cutifani in charge, AngloGold Ashanti reduced the number of fatalities within the company by 70%. In 2006, before he took up office, the company had 37 fatalities, this number was reduced to 16 in 2009.
Biography
Mark Cutifani, after leaving high school in 1976, joined Coal Cliff colliery and enrolled in the University of WollongongUniversity of Wollongong
The University of Wollongong is a public university located in the coastal city of Wollongong, New South Wales, Australia, approximately 80 kilometres south of Sydney...
in 1977 to complete a degree in Mining Engineering
Mining engineering
Mining engineering is an engineering discipline that involves the practice, the theory, the science, the technology, and application of extracting and processing minerals from a naturally occurring environment. Mining engineering also includes processing minerals for additional value.Mineral...
. He graduated in 1982.
After working for Coal Cliff, he joined Kalgoorlie Gold Mines, the Western Mining Corporation, Normandy Mining
Normandy Mining
Normandy Mining was an Australian mining company which predominantly mined gold. Normandy was, during much of the late 20th century, Australia's largest gold miner....
and Sons of Gwalia
Sons of Gwalia
Sons of Gwalia was a Western Australian mining company which mined gold, tantalum, spodumene, lithium and tin.Sons of Gwalia was Australia's third-largest gold producer and also controlled more than half the world's production of tantalum, before entering administration in August 2004 following a...
. He became the managing director of Sons of Gwalia in March 2000 but resigned from his position on 14 February 2003, in a surprise move, to join Inco Limited. The Sons of Gwalia company entered administration
Administration (insolvency)
As a legal concept, administration is a procedure under the insolvency laws of a number of common law jurisdictions. It functions as a rescue mechanism for insolvent entities and allows them to carry on running their business. The process – an alternative to liquidation – is often known as going...
16 month later, in August 2004, following a financial collapse, with debts exceeding $800 million after suffering from falling gold reserves and hedging losses.
Cutifani left Canadian
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
company Inco, where he held the position of chief operating officer, to join AngloGold Ashanti, being appointed a director of the company on 17 September 2007 and as CEO on 1 October that year. He introduced a "Safety is our first value" campaign within the company shortly after resuming his position. Research into the 2007 fatalities at the company had shown, that 70% of the fatalities were caused by sub-standard operations or actions. Cutifani was hoping to reduce the number of fatalities by a change of culture within the company, citing legacy issues from the past as a main cause for the fatalities, and the improvement of communication.
He was one of the critics of the new Australian Mining Super Tax, which was announced in 2010, stating that it could delay or endanger the company's Tropicana Gold Mine
Tropicana Gold Mine
The Tropicana Gold Mine project is located 330 km northeast of Kalgoorlie, Western Australia. Since 2001, it is jointly owned by AngloGold Ashanti and Independence Group NL .The Tropicana tenement consists of 12,500 km2 of land...
project.