London, March 30, 2026, 13:15 BST.
Anglo American plc shares opened 0.5% higher at 3,076 pence on Monday, as miners and energy stocks helped steady London’s market. The move put the stock above Friday’s 3,061 pence close, according to London Stock Exchange data. 1
The early gain matters because Anglo is still trying to remake itself around copper, premium iron ore and crop nutrients while it sells or separates steelmaking coal, nickel and De Beers. In February, chief executive Duncan Wanblad called 2025 a “transformational year” as the group simplified its portfolio and pushed ahead with Teck. 2
A sector push was doing some of the work. Rio Tinto was among the leaders, rising nearly 4% after saying three of its four Pilbara iron ore port terminals had resumed operations after Tropical Cyclone Narelle. That restart added to the lift in mining shares across Europe. 3
Anglo is not outside that weather story. Reuters reported on Monday that South32 had suspended operations at the Gemco manganese mine, which it co-owns with Anglo, after the cyclone; South32 said on March 20 it had paused the site and moved non-essential personnel off the island. Gemco is the world’s largest manganese mine. 4
Chile offered a cleaner piece of news last week. The country’s competition regulator cleared a joint mining plan between Codelco’s Andina operation and Anglo’s Los Bronces mine, a tie-up the companies say could add 120,000 metric tons of copper a year and generate at least $5 billion in value. 5
The Teck timetable is moving, too. Anglo said on March 23 it would delist from the SIX Swiss Exchange on June 26 ahead of the merger, and Brazil CEO Ana Sanches said earlier this month the company expected final regulatory approval around year-end. The all-share deal would create the world’s fifth-largest copper producer. 6
Wanblad struck the same line in Anglo’s Feb. 5 production report, saying the group was focused on “operational excellence and growth.” The company said strong copper prices had allowed a temporary restart of a second plant at Los Bronces to help offset lower output expected from Collahuasi in 2026. 7
But the weak spots have not gone away. Anglo cut its 2026 copper guidance in February to 700,000-760,000 tons from 760,000-820,000 tons, and later posted a $3.7 billion annual loss after another De Beers writedown; Wanblad said then there was “a plentiful supply of rough diamonds in the market.” Any fresh outage at Gemco, slippage in disposals or a slower approval path for Teck would test Monday’s early gain. 8
Anglo’s next scheduled update is its first-quarter 2026 production report on April 28. That should give investors a cleaner read on whether stronger copper conditions and the Chile plan are enough to outweigh Gemco disruption and De Beers weakness. 9
