Anglo American’s shareholders are pushing the company to speed up the release of its turnaround plan as the 107-year-old miner seeks to present an alternative to BHP Group’s takeover bid.
Anglo may unveil the strategy as soon as the coming week, when the world’s top mining bosses attend Bank of America Corporation’s annual conference in Miami, according to people familiar with the matter. Anglo chief executive officer Duncan Wanblad told investors in February that while there was urgency about the company’s review, there was a danger of making decisions at the wrong point in the cycle.
Still, investors want to know what Anglo plans to do with the diamond business De Beers, the $9 billion Woodsmith fertiliser project underway in northern England, and those South African units.