History

Sir Ernest Oppenheimer founded the Anglo American Corporation, a gold mining company, in 1917. The AAC became the majority stakeholder in the De Beers company in 1926. Two years later the AAC began mining in the Zambian copper belt. Anglo American merged with Minorco on May 24, 1999.[1] Its gold mining operations were spun off into the separate AngloGold corporation, which later merged with the Ashanti Goldfields Corporation to form AngloGold Ashanti.