285:● Unit Costs – improved by 45% in real terms to return the business to a global leadership cost position. In February 2022, in his final results presentation for the group he presented Anglo American’s transformation from an average 49th percentile aggregate cost position to the 28th percentile cost position – underpinning the organization’s market outperformance over 9 years.
40:
339:
Vale spun out its metals business as a separate ringfenced entity headquartered in
Toronto, with an independent board chaired by Cutifani. That process completed in July 2023. The unit was then one of the world’s largest producers of nickel, copper, and cobalt, and has operations across the globe.
168:
Cutifani is a fellow of the Royal
Academy of Engineering, the AusIMM and the Institute of Engineers. Cutifani is a recipient of the AusIMM Institute Medal, for services to the Australian and global mining industry. Mines and Money Lifetime Achievement Award winner and the Brigadier Stokes Memorial
244:
as a director of the company, and was appointed chief executive officer on 1 October that year. Cutifani was credited with dismantling AngloGold
Ashanti's significant and toxic hedge book, allowing the company to benefit fully from the much higher gold spot price.
361:. Cutifani is also a member of the Advisory Board for the Vale Columbia Centre on Sustainable International Investment and an independent Director of The Power of Nutrition; a UK-based charitable foundation and a member of UK Home Secretary’s
353:
He is also a member of the
International Advisory Committee for the Kellogg Innovation Network, a member of the Mining & Metals Steering Board and former Governor (now member) of the Mining and Metals Industry Programme for the
344:
stated that
Cutifani could help the division explore a future “liquidity event”. In early 2023, the parent company earned 80% of its profits in its South American iron mines, and the balance from its Base Metals group.
583:
Technoserve 50th
Anniversary Honouree – In honour of “extraordinary leadership in creating sustainable business solutions to end poverty around the world.” Honoured in NYC in October 2018 along with the Chairman of
2095:
297:â—Ź In response to carbon footprint reductions, Cutifani announced a target of achieving carbon neutrality for Scope 1 and 2 emissions by 2040, with some operations achieving carbon neutrality by 2030.
357:
Cutifani serves on the Board of the
Hydrogen Council, a global initiative of leading energy, transport and industry companies with a united vision and long-term ambition for hydrogen to foster the
659:
2100:
294:● Sustainability – announced a Sustainable Mining Plan in 2018 to significantly improve energy and water efficiency, reduce greenhouse gas emissions, and promote biodiversity.
547:
Institute of People
Management (IPM), South Africa – Runner up SA CEO of the Year (2011) in recognition of innovation in change management in a major listed company.
1278:
1356:
899:
1466:
1382:
264:, starting his new role on 3 April 2013, replacing Cynthia Carroll. Cutifani stepped down as chief executive and a member of the Anglo American board in 2022.
1099:
785:
506:
122:
29:
300:â—Ź Over his 9+ year tenure at Anglo American was the leading major diversified mining company, delivering an average annual total shareholder return of 22%.
1744:
127:
1617:
469:
Foundation and Lead
Industry Member for establishment of Centre for Exploration and Mining Innovation (CEMI) in Canada (Laurentian University) in 2006.
2085:
556:
Silver Award – Thomas Edison Global
Innovation Award – Industry Collaboration (Co-Chair – Kellogg Innovation Network Development Partner Framework).
157:
and director of Anglo American Platinum. Cutifani is a founding member of the global Hydrogen Council. Cutifani was formerly CEO of South African
1529:
642:
1049:
1960:
1453:
759:
2080:
714:
660:"Vale announces strategic partnership with Manara Minerals and Engine No. 1 to accelerate growth of energy transition metals business"
989:
957:
883:
1227:
2070:
1737:
974:
252:, Cutifani introduced a campaign called "Safety is our first value". During his tenure, the fatality rate was reduced by 50%.
2039:
1467:
https://www.fdc.org.br/en-site/sobre-a-fdc-site/diretoria-e-conselhos-site/Documents/conselho_internacional/mark_cutifani.pdf
1399:
1085:
608:
Camborne School of Mines – Research Chair in recognition of his contribution to Anglo American and global mining innovation.
1553:
687:
1503:
1202:
940:
590:
Engineers Australia – Fellowship and Chartered status in the Leadership and Management College and APEC Engineer (2019).
329:
1478:
865:
1441:
362:
2075:
1939:
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210:
1068:
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475:
South Africa’s Chamber of Mines (renamed as the Minerals Council South Africa). - Executive Member and President
2090:
185:
86:
1879:
565:
Honorary Doctorate – Business Administration (Safety and Community Engagement), Wollongong University (2013).
553:
Engineers Australia Magazine - listed amongst the Top 100 influential engineers in Australia (2013 and 2014).
1791:
1689:
1454:"2014: UOW engineers recognised as among the most influential in Australia - University of Wollongong – UOW"
919:
316:. Vale was looking to divest from its tar baby, as early as December 2022. As the time it was a supplier to
2065:
2009:
1827:
2004:
1976:
1889:
510:
192:. He graduated in 1982 at the top of his class. He was also the winner of numerous awards including the
1929:
1924:
1642:
130:
of the energy transition metals board at Vale Base Metals. He is the Senior Independent Director with
2060:
1663:
1007:
848:
813:
1565:
1982:
1884:
1840:
1822:
993:
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184:, Australia. After leaving high school in 1976, he joined Coal Cliff colliery and enrolled in the
2029:
1909:
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1334:
341:
261:
189:
146:
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639:
150:
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544:
Paul Harris Fellowship Award (Rotary Group) for Services to Community, Sudbury, Canada (2006).
358:
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162:
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902:
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309:
711:
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843:
448:
University of Cape Town Graduate School of Business (UCT-GSB) – Member of Advisory Board.
270:● Safety – 93% reduction in fatalities and 60% improvement in accident frequency rates.
134:
and chairs the board's Sustainability Committee. He is also a non-executive director of
1832:
1817:
1279:"Anglo's Cutifani urges SA mining sector to heal Government divide as key to new order"
1113:
333:
321:
260:
In January 2013 it was announced that Cutifani would become the new chief executive of
218:
1591:
1554:
https://www.raeng.org.uk/about-us/the-fellowship/new-fellows-2017/fellows/mark-cutfani
1203:"Mark Cutifani appointed new CEO - Anglo American - Contact Politicsweb | Politicsweb"
2054:
1252:
1036:"New Vale base metals boss Cutifani to focus on margins, marketing and potential IPO"
279:● Production – increased by 12%, whilst reducing the number of assets from 68 to 36.
1008:"Anglo American appoints Duncan Wanblad as Chief Executive to succeed Mark Cutifani"
1934:
1781:
425:
South African Chamber of Mines – Elimination of Fatalities Taskforce Leader (2013).
734:
388:
Laing O’Rourke - Senior Independent Director and Chair of Sustainability Committee
308:
In May 2023 it was announced that Cutifani would be appointed as Chair of the new
232:. He led the subsidiary to become Vale's global Nickel business, based in Canada.
1442:
http://www.wmc.org.pl/sites/default/files/WMC_2013_Preliminary-Program-Final2.pdf
484:
Mining and Metals Industry Programme - World Economic Forum - Governor and Member
1999:
1944:
1773:
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559:
Australia Institution of Mining and Metallurgy (AusIMM) - Institute Medal (2021)
317:
193:
158:
1303:
1764:
735:"New Board to provide leadership through challenging times - Hydrogen Council"
611:
CBE (Commander of the Order of the British Empire) – 2024 King’s Honor’s list.
472:
International Council on Mining and Metals. - Chair and executive board member
454:
India-Brazil-South Africa (IBSA) Business Council Steering Committee – Member.
400:
Advisor – Mevco (Electric vehicle conversion packs for applications in mining)
369:
181:
169:
Award (South Africa) for services to South Africa and global mining industry.
135:
66:
577:
Honorary Doctorate – Doctor in Laws – Laurentian University in Canada (2016).
478:
International Advisory Committee for the Kellogg Innovation Network. - Member
376:
Development Partner Institute - co-founder and current non-executive director
209:
After working for Coal Cliff, he joined Kalgoorlie Gold Mines, and later the
2034:
1050:"Vale to break out base metals business, sell stake in 2023 - BNN Bloomberg"
313:
229:
225:
44:
Mark Cutifani speaking at Anglo American's 2019 Senior Leadership Conference
786:"Leaders in engineering elected to Royal Academy of Engineering fellowship"
596:
Mines and Money – CEO of the Year; Global Mining Company of the Year (2019)
593:
South Africa Mining Industry – Inducted into the Mining Hall of Fame (2019)
39:
154:
852:
532:
Atlas Copco Travelling Bursary for best student in Australasia (1982).
428:
Business Leadership of South Africa (BLSA) – Executive Council Member.
406:
Advisor – Descycle (Technology development in processing technologies)
196:
Travelling Bursary for the top mining student in Australasia in 1982.
1859:
571:
The Institute of Materials, Minerals and Mining (UK) – Fellow (2015).
336:
would join the "energy transition board" of VBM along with Cutifani.
325:
1722:
481:
Mining & Metals Steering Board - World Economic Forum. - Member
457:
Western Australian Chamber of Mines – Member of Executive Committee.
224:
In October 2006, Cutifani was appointed chief operating officer for
1069:"Vale mulls listing base metals unit following minority stake sale"
516:
Cutifani has won numerous academic and community awards including:
221:. He became the managing director of Sons of Gwalia in March 2000.
523:
Bachelor of Engineering (Hons 1), University of Wollongong (1982).
1530:"Former Inco exec to receive honourary doctorate from Laurentian"
562:
Australia Institution of Mining and Metallurgy (AusIMM) – Fellow.
131:
1726:
1086:"Vale taps ex-Anglo CEO Cutifani to chair battery metals board"
535:
Seco Titan Coal Industry Award for Excellence in Design (1984).
172:
He was also awarded a CBE (UK) in the 2024 King’s Honors list.
496:
Minerals Council South Africa - President and Executive Member
493:
International Council on Mining and Metals. - Chair and Member
332:
were interested buyers of a 10% stake. Former Tesla executive
466:
CSIRO Minerals Sector Advisory Committee (Australia)– Member.
451:
University of Pretoria – Member of Mining Advisory Committee.
1717:
1139:"Advisory Board - Columbia Center on Sustainable Investment"
900:
Anglo turns to an Aussie miner to dig it out of a $ 6bn hole
490:
UK Home Secretary’s Business Against Slavery Forum. - Member
394:
TotalEnergies – Director and Chair of Compensation Committee
385:
International Advisory Committee - Global Foundation - Chair
382:
Energy Transition Metals Board - Vale Base Metals - Chairman
587:
European CEO Awards – Best CEO in Sustainable Mining (2018)
460:
Ontario Mining Association – Member of Executive Committee.
418:
Cutifani is a former member of the following institutions:
126:(born 2 May 1958) is an Australian businessman and current
104:
Chair of energy transition metals board at Vale Base Metals
2096:
Fellows of the Institute of Materials, Minerals and Mining
1618:"Cutifani inducted into South African Mining Hall of Fame"
871:
website, published: 26 January 2014, accessed: 6 June 2014
520:
Western Mining Corporation Awards for best student (1980).
513:
for services to investment in the global mining industry.
1383:"FDC International Advisory Council Member Mark Cutifani"
1100:"Former Sudbury mining leader is back on board with Vale"
541:
United Way Charity Drive Leader – Sudbury, Canada (2006).
276:â—Ź Environmental Incidents - 97% drop in major incidents.
760:"Anglogold Ashanti Announces Departure of Mark Cutifani"
550:
Honorary Chair – World Mining Congress, Montreal (2013).
526:
Western Mining Award for best graduating student (1982).
1228:"Greater Sudbury bids farewell to former CVRD Inco COO"
905:, published: 21 July 2013, website accessed: 6 May 2014
890:
University of Wollongong website, accessed: 9 July 2010
688:"Biographies of the Members of our Board of Directors"
568:
Diggers and Dealers Lifetime Achievement Award (2015).
529:
Western Mining Award for best thesis in mining (1982).
538:
Diggers and Dealers Digger of the Year – KCGM (1992).
1357:"University of Wollongong awards Cutifani doctorate"
712:
Anglo American's leadership, accessed: 14 April 2014
431:
Laurentian University (Canada) – Board of Governors.
282:â—Ź Productivity more than doubled during his tenure.
2022:
1992:
1969:
1953:
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1479:"Dr Mark Cutifani - University of Wollongong – UOW"
602:
Mines and Money – Lifetime Achievement Award (2021)
108:
100:
92:
82:
74:
49:
23:
965:, published: 7 February 2010, accessed: 6 May 2014
409:AusIMM (Member – International Advisory Committee)
267:Notable improvements per the 2019 annual results:
997:, published: 8 January 2013, accessed: 6 May 2014
391:Sustainability Committee - Laing O’Rourke – Chair
138:and chairs the board's Sustainability Committee.
1114:"Kellogg Innovation Network (KIN) Board Members"
866:Mark Cutifani, a veteran miner from the boots up
620:Cutifani has seven children from two marriages.
574:Engineering Council – Chartered Engineer (2015).
463:Minerals Advisory Committee of Canada – Member.
434:Australian Institute of Mining and Metallurgy:
379:Power of Nutrition – Chair of Board of Trustees
273:● Occupational Health – 90% drop in new cases.
605:SAIMM - Brigadier Stokes Memorial Award (2022)
2101:Commanders of the Order of the British Empire
1738:
941:"Cutifani leaving Inco for AngloGold Ashanti"
836:
834:
580:Royal Academy of Engineering – Fellow (2017).
403:Advisor – ERM (Global Sustainability advisor)
291:â—Ź ROCE of 23% improved from 9% at his start.
8:
1185:"Leading businesses unite to tackle slavery"
507:Commander of the Order of the British Empire
368:Cutifani is also an Independent Director of
1338:(Supplement). 30 December 2023. p. N9.
920:"The AusIMM atlas copco travel scholarship"
682:
680:
288:â—Ź Mining EBITDA margin - increased by 40%.
1864:
1769:
1745:
1731:
1723:
1643:"Awards Nominees | Mines and Money London"
38:
20:
958:AngoGold cuts hedge book to narrow losses
1080:
1078:
635:
633:
312:(VBM) subsidiary of global mining giant
149:where he also served as a member of the
1504:"Cutifani wins Stokes award at Diggers"
990:Anglo names Cutifani as chief executive
728:
726:
649:miningweekly.com, accessed: 9 July 2010
629:
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1160:"Governance - The Power of Nutrition"
935:
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443:Member of Mineral Valuation Committee
340:The parent company's chief executive
7:
808:
806:
422:World Gold Council – Member of Board
349:Appointments and current memberships
841:@minesandmoney (1 December 2021).
14:
1566:"TechnoServe Celebrates 50 Years"
1400:"Issue 4 Volume 10 December 2007"
180:Cutifani was born and grew up in
733:Bauer, Evelyne (15 April 2020).
487:Global Hydrogen Council - Member
240:On 17 September 2007, he joined
2086:University of Wollongong alumni
1277:McKay, David (2 October 2019).
1118:KIN: Kellogg Innovation Network
599:AusIMM – Institute Medal (2021)
501:Honours, recognition and awards
2040:Ashanti Goldfields Corporation
1664:"AusIMM Award recipients 2021"
814:"AusIMM Award recipients 2021"
363:Business Against Slavery Forum
324:. Reports were afoot that GM,
1:
980:website, accessed: 6 May 2014
236:AngloGold Ashanti (2007-2013)
437:Councillor (South Australia)
330:Saudi Public Investment Fund
790:Infrastructure Intelligence
766:(in Spanish). 19 April 2018
2117:
1961:Cripple Creek & Victor
1718:AngloGold Ashanti Homepage
1592:"European CEO Awards 2018"
1417:"People Dynamics Jan 2012"
764:AngloGold Ashanti Colombia
440:Member of Ethics Committee
256:Anglo American (2013-2023)
211:Western Mining Corporation
2081:Australian businesspeople
1253:"ICMM • Member companies"
37:
1308:Forum Économique Mondial
918:Goc, Sue (August 2014).
645:30 December 2013 at the
397:Chair – Vale Base Metals
304:Vale Base Metals (2023-)
188:to complete a degree in
186:University of Wollongong
176:Early life and education
87:University of Wollongong
505:Cutifani was appointed
141:Cutifani is the former
2071:People from Wollongong
248:Shortly after joining
228:after the takeover by
16:Australian businessman
1361:www.miningmonthly.com
1207:www.politicsweb.co.za
1012:www.angloamerican.com
717:15 April 2014 at the
511:2024 New Year Honours
1828:Ferdinand Ohene-Kena
414:Previous memberships
1596:www.europeanceo.com
994:The Financial Times
962:The Financial Times
886:7 June 2011 at the
869:The Financial Times
739:hydrogencouncil.com
1846:S. Venkatakrishnan
1616:Arnoldi, Marleny.
1508:www.miningnews.net
1335:The London Gazette
1164:Power Of Nutrition
1052:. 7 December 2022.
975:Annual Report 2012
342:Eduardo Bartolomeo
262:Anglo American plc
190:Mining Engineering
147:Anglo American plc
2076:AngloGold Ashanti
2048:
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2018:
2017:
1854:
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1754:AngloGold Ashanti
1688:Creamer, Martin.
1572:. 11 October 2018
1363:. 23 January 2014
978:AngloGold Ashanti
359:energy transition
250:AngloGold Ashanti
242:AngloGold Ashanti
163:AngloGold Ashanti
145:of mining group,
116:
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2023:Related articles
2005:Cerro Vanguardia
2000:Brasil Mineração
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