LONDON, July 3, 2026, 14:03 BST
- Anglo American’s delayed London bid was 3,778p against a 3,780p offer, up 38p or 1.02% from the last close.
- The July 1 voting-rights notice hands investors a new equity denominator ahead of the Teck deal and the July production tests.
- Friday’s 38p move values at around £448 million, based on the full 1.178 billion share count.
- Q2 output lands July 23, with half-year numbers set for July 30.
Anglo American plc (LON:AAL) traded higher Friday, but merger watchers were looking at a regulatory filing from two days back: 1,178,050,272 ordinary shares outstanding, none held in treasury, and 98,906,534 in buyback entities with voting rights waived.
Hargreaves Lansdown’s delayed price quote had Anglo at 3,778p to sell and 3,780p to buy, up 38p, or 1.02%, from its last close at 3,741p. The FTSE 100 was showing down 0.13% on the page, with Anglo ahead of the index in this latest read.
This is a detail many screens overlook. A 38p swing on Anglo’s full share count hits around £448 million of equity. But after 98.9 million buyback shares are waived, the same move works out to £410 million on the trimmed share base. That’s not a trivial gap for investors pricing the pending Teck Resources Limited (TSE:TECK.B) deal, the De Beers sale and coal proceeds.
| Anglo share-price math | Figure |
|---|---|
| Most recent sell and buy quote | 3,778p / 3,780p |
| Mid calculated for math | 3,779p |
| Closed yesterday at | 3,741p |
| Day change | 38p / 1.02% |
| Shares outstanding per July 1 notice | 1.178 billion |
| 38p move across all issued shares | ~£448 million |
| 38p move, adjusted for buyback-excluded shares | ~£410 million |
London-listed miners traded higher after gold and silver prices climbed on softer U.S. jobs numbers, the Wall Street Journal said. Gold futures rose 1.4%, with silver up almost 3%. Anglo advanced 1.4%, Fresnillo plc (LON:FRES) and Hochschild Mining plc (LON:HOC) were both up around 2.2%, Glencore plc (LON:GLEN) added 1%, the Journal said.
| Friday miner action per WSJ | Move |
|---|---|
| Fresnillo | ~+2.2% |
| Hochschild Mining | ~+2.2% |
| Anglo American | +1.4% |
| Glencore | +1.0% |
For now, the question for the stock isn’t gold. Anglo American’s focus is getting copper and iron ore output in line before its Q2 production report on July 23, due at 06:00 GMT. Half-year numbers land a week after that on July 30, according to the company’s calendar.
Anglo American reported first-quarter copper output up 1% to 170,400 tonnes. Premium iron ore slipped 2% to 15.2 million tonnes. Manganese ore more than doubled. Diamond production rose 17%. Steelmaking coal fell 31% and nickel dropped 7%. The company kept its production and unit cost outlook for continuing businesses unchanged.
| Q1 2026 production | Output | Year-on-year change |
|---|---|---|
| Copper | 170,400 tonnes | up 1% |
| Premium iron ore | 15.2 million tonnes | down 2% |
| Manganese ore | 759,100 tonnes | jumped 118% |
| Diamonds | 7.1 million carats | rose 17% |
| Steelmaking coal | 1.5 million tonnes | off 31% |
| Nickel | 9,100 tonnes | fell 7% |
Chief Executive Duncan Wanblad said in the Q1 update that both copper and premium iron ore are “tracking well to our mine plans”. He said the Teck merger is “on track” to close between September 2026 and March 2027, with China’s anti-trust approval the last key regulatory item still outstanding. Anglo American
The Teck deal makes the share-count notice stand out from a typical filing. Anglo and Teck investors backed the all-share merger in December. Anglo said the merged company would give investors “more than 70% exposure to copper.” The company also said closing the deal still needs the usual conditions and regulatory sign-off. Anglo American
Anglo is pushing ahead on asset sales as it reshapes the business. In May, it struck a deal to sell its Australian steelmaking coal mines to Dhilmar for as much as $3.88 billion—$2.3 billion upfront, and another $1.58 billion depending on coal prices. Wanblad called the sale the “complete our exit from steelmaking coal”. Reuters
De Beers is still hanging over the story. CEO Al Cook told Reuters on June 16 the diamond arm could be sold in “weeks rather than months.” He said talks have “never been closer” to an agreement. Anglo owns 85% of De Beers and Botswana controls the other 15%. Reuters
