Mining productivity decades behind other industries: Anglo boss

Anglo American's new CEO Mark Cutifani says the mining industry is decades behind other parts of the economy on productivity, and the industry, not government, must raise its game.

In a conference call earlier this week Cutifani said the industry needed to focus on modernising itself, The Australian reports.

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

“We've got to go beyond [just having good mineral deposits] and make sure that we're working our assets, the engine room, as hard as we can.”

Cutifani said while he would be taking part in debate surrounding the mining industry, he would be cautious not to take political sides.

“It will be about what's good for the industry and what's good for the country in my view. Hopefully we'll always treat people with respect and dignity in the conversation,” he said.

Previously Cutifani has voiced strong criticism of the Federal Government's mining policy, particularly with respect to the mining and carbon taxes. 

Cutifani recently stepped into the top role at Anglo, replacing former CEO Cynthia Carroll, who announced her departure last year.

In looking towards the future, Cutifani said expanding into South Africa would be “critical” for the global industry.

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