Anglo American confirms 30-day payment terms for suppliers
Date: Nov 28, 2018
Anglo American is formally moving to a 30-day payment policy for small- and medium-sized businesses in Australia.
Tyler Mitchelson, Anglo American metallurgical coal chief executive officer, said the announcement formalised an existing practice within the company’s Australian operations in a clear demonstration of support for regional businesses.
“Anglo American has long recognised the need for a localised approach to procurement in the regional areas where we operate, and we are pleased to provide additional certainty to our small- and medium-sized business suppliers through clarifying our current practice of 30-day payment terms,” Mitchelson said.
“We value our relationships with supplier partners and will continue to work closely with them to ensure we deliver sustainable economic outcomes for our communities.”
Anglo American last year launched a global sustainability strategy that focused on making a strategic and holistic positive impact on how its stakeholders experienced the business.
