London, March 3, 2026, 08:00 GMT — Regular session
- Anglo American dropped roughly 3% at the open, deepening losses from Monday.
- The miner released its 2025 annual report package and scheduled the AGM for April 29.
- Company catalysts are in play, but traders are contending with a risk-off tone as oil prices jump.
Anglo American AAL.L slipped roughly 3% to 3,482 pence by 0805 GMT, following a Monday close at 3,590 pence. Shares bounced between 3,471 and 3,510 pence in early Tuesday moves.
The miner’s decline lands it right in the middle of two forces investors are juggling this week—new company filings on one side, and a surge in energy prices fueling risk aversion on the other.
On Monday, Anglo released its Integrated Annual Report for the year ended Dec. 31, 2025. Also out were the Ore Reserves and Mineral Resources Report, the Tax and Economic Contribution Report, and a 2026–2028 Transition Plan. The company pegged its annual general meeting for April 29, with the notice slated for March 23.
A separate filing put Anglo’s total voting rights at 1,178,050,272 as of Feb. 28. That’s the reference point shareholders go by when reporting stake changes under UK regulations.
Oil extended its gains for a third straight session, with Brent climbing 2.2% as of 0400 GMT. Traders are watching the deepening U.S.-Israeli conflict involving Iran, which has rattled supply outlooks. “Upside risks remain,” IG analyst Tony Sycamore noted, flagging the potential for a drawn-out conflict and possible threats to key energy infrastructure. Reuters
London shares tumbled Monday, the FTSE 100 dropping 1.2% as traders reckoned with a fresh jolt to inflation from rising energy costs. “New inflationary pressures” could unsettle the market if these dynamics persist, warned Dan Coatsworth, head of markets at AJ Bell. Reuters
Anglo’s immediate focus remains on revamping its portfolio. The miner swung to a $3.7 billion loss last month, following yet another De Beers writedown. It’s pushing forward with plans to offload non-core assets and finalize its merger with Teck Resources (TECKb.TO), according to Reuters. “There is at the moment a plentiful supply of rough diamonds in the market,” Chief Executive Duncan Wanblad said to reporters, with soft demand and swollen inventories continuing to pressure the diamond business. Reuters
The risk here is clear enough: persistent high oil, plus weaker growth outlooks, and miners could take a double hit — risk-off investors pull back, and costs lose their cushion. Stumbles on asset sales or any holdup with approvals for the Teck deal? That would challenge sentiment, too.
Investors chasing yield are eyeing another key date. Anglo’s last dividend for 2025 will go ex-dividend on the London Stock Exchange March 12, followed by a record date of March 13 and a payment scheduled for May 6, according to the company.
