Anglo American Narrows UK Gender Pay Gap Ahead of AGM, but Bonus Gap Remains Wide

Anglo American Narrows UK Gender Pay Gap Ahead of AGM, but Bonus Gap Remains Wide

April 6, 2026

LONDON, April 6, 2026, 17:11 BST

Anglo American’s primary UK head-office arm showed a slimmer gender pay gap in its most recent filing. On a median basis, women earned 79p for every £1 men received — that’s the midpoint when pay is ranked. On average, women were paid 24.2% less. The figures apply to Anglo American Services Ltd.

The filing dropped right after the April 4 cutoff for big UK employers to release pay-gap stats, hitting as London markets were closed for Easter Monday and with Anglo’s annual meeting set for April 29. Investors now have the figures as the miner keeps pushing its merger with Teck Resources.

Bonus pay continued to sting. The median bonus for women fell 46.7% short of men’s, and the mean bonus gap hovered near 45%. Both men and women got bonuses—92% in each group. Yet Anglo noted the median bonus gap actually grew since 2024, even though the mean edged down.

The UK arm has 400 staff. Women make up 54% of the overall headcount, yet just 41% are found in the highest pay quartile—those top four segments by salary—and only 38.5% hold senior management roles. The lowest-paid quartile, though, is 69% women.

“Closing our Gender Pay Gap remains a critical priority,” Chief Executive Duncan Wanblad said. Anglo pointed out the gap persists because men continue to dominate senior UK headquarters positions, which tend to offer higher variable pay. Anglo American

The company reported a global gender pay gap of 9.7%, an improvement from 14.2% in 2024. Female representation across the Executive Committee plus their direct reports moved up, now at 38.5% versus 37% previously. The figures come from a pay snapshot taken April 5, 2025. Chief Legal & Corporate Affairs Officer Richard Price signed off on the report, stating “the data reported is accurate.” Anglo American

Anglo is still untangling a rough overhaul. Back in February, the company logged a $3.7 billion loss after yet another De Beers writedown. Disposal and spin-off plans for non-core assets are ongoing, and earlier this year, management trimmed 2026 copper targets. Copper itself keeps drawing rivals—BHP and Rio Tinto have been increasing their bets on the metal, which now accounts for a bigger slice of miners’ profits and dealmaking.

Back in March, Anglo announced plans to exit the SIX Swiss Exchange on June 26, ahead of the anticipated Teck merger. The company still expects to secure final regulatory approval by the end of this year. Looking ahead, Anglo’s next trading update is set for April 28, when it will release its first-quarter production report—just one day before the AGM.

Still, the picture is far from settled. Anglo’s latest numbers put the median bonus gap at 47%, wider than last year’s 36%. The company faces a real risk of stagnation unless more women move into top jobs. Investors remain focused on whether the miner can follow through on asset disposals, reduce the drag from diamonds, and push the Teck deal across the line.

Marcin Frąckiewicz

Marcin Frąckiewicz is the CEO of TS2 Space and a longtime technology entrepreneur focused on telecommunications, satellite communications and digital innovation. A graduate of the Warsaw School of Economics (SGH), he writes about space technology, artificial intelligence and publicly traded technology companies. His analysis covers major market trends, emerging technologies and the businesses shaping the future of the global economy.

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