London, June 30, 2026, 11:02 BST
- Anglo American plc (LON:AAL) traded up 3.53% at 3,755p at 11:01 BST; the FTSE 100 was up 0.70% in delayed data at 10:34 BST.
- A new 2025 payments-to-governments filing puts a hard number on Anglo’s asset mix: about $1.04 billion of net project-level payments, by calculation from the filing.
- Kumba, Quellaveco and Minas-Rio made up about 82% of that net project total, leaving Anglo’s payment map still led by iron ore even as the group pushes copper and crop nutrients.
Anglo American plc (LON:AAL) rose 3.53% to 3,755p in London on Tuesday, putting the stock ahead of Glencore plc (LON:GLEN) and Rio Tinto plc (LON:RIO), though behind Antofagasta plc (LON:ANTO), by late morning prices shown on Google Finance. The FTSE 100 was up 0.70% in delayed data from Investors Chronicle.
| London line | Latest price/index | Move |
|---|---|---|
| Anglo American plc (LON:AAL) | 3,755 GBX | +3.53% |
| Antofagasta plc (LON:ANTO) | 3,888 GBX | +3.76% |
| Glencore plc (LON:GLEN) | 523.40 GBX | +2.43% |
| Rio Tinto plc (LON:RIO) | 7,231 GBX | +2.19% |
| FTSE 100 | 10,557.26 | +0.70% |
The rise follows a weak Monday for Anglo, when the shares fell 2.45% to £36.27 on volume of 1.9 million shares, well below a 50-day average of 4.8 million shares, MarketWatch data showed. Even after Tuesday’s move, Google Finance showed the stock still about 11% below its 52-week high of 4,239p.
The fresh data point is not the price alone. Anglo filed its 2025 Report on Payments to Governments with Companies House on Monday. The company said the report meets UK reporting rules and the UK Financial Conduct Authority’s disclosure rule 4.3A; it also said its wider tax and country-by-country reports are more complete than the mandatory filing.
The filing matters because it is project-level cash evidence, not a slide-deck mix target. Anglo’s report says the filing covers payments tied to mining exploration and production and excludes non-mining activity, joint-control entities and minority holdings.
A tally of the project table gives $1.04 billion of net project-level payments in 2025. The top five lines accounted for $1.03 billion, or 98.7% of the net total, with two iron ore assets and one Peru copper asset doing most of the work.
| Project line in filing | Commodity | Country | Net payment, $ mln | Share of net project total |
|---|---|---|---|---|
| Kumba | Iron ore | South Africa | 423.1 | 40.5% |
| Quellaveco | Copper | Peru | 222.5 | 21.3% |
| Minas-Rio | Iron ore | Brazil | 205.4 | 19.7% |
| Dawson | Steelmaking coal | Australia | 97.1 | 9.3% |
| Capcoal | Steelmaking coal | Australia | 82.0 | 7.9% |
| Net project total | — | — | 1,043.6 | 100.0% |
The country table gives the same message in a different cut. South Africa, Peru, Brazil and Australia accounted for about $995.5 million, or 95.4% of the filing’s net country total. Chile, central to Anglo’s longer-dated copper story, came in at $24.6 million after a negative royalty line; the report said AA Sur received a $20.1 million royalty refund and made $13.9 million of royalty payments to Chile’s tax service in the period.
| Country | Net payment, $ mln | Share of net country total |
|---|---|---|
| South Africa | 425.0 | 40.7% |
| Peru | 222.5 | 21.3% |
| Brazil | 209.7 | 20.1% |
| Australia | 138.3 | 13.3% |
| Chile | 24.6 | 2.4% |
| United Kingdom | 8.9 | 0.9% |
That split matters for investors because Anglo is trying to make the equity story cleaner. The company said last week that the sale of steelmaking coal and nickel businesses and the separation of De Beers continue, and that completion would leave it focused on copper, premium iron ore and crop nutrients.
The 2025 filing shows why the clean-up still has moving parts. Australian steelmaking coal projects had a net $138.2 million of project-level payments, but that figure included a negative $45.1 million line for Moranbah and a small negative line for Theodore South. The report said the Australian tax group received a $78 million refund and made $62 million of tax payments to the Australian Tax Office.
The copper growth case is longer dated. Anglo and Chile’s state-owned Codelco completed the Los Bronces-Andina agreement on June 24; Anglo said the joint mine plan could add 2.7 million tonnes of copper over 21 years, with an average 120,000 tonnes a year to be shared equally, and at least $5 billion in shared pre-tax value. Final implementation still depends on permits and is expected by 2030.
Anglo Chief Executive Duncan Wanblad said the agreement was aimed at “delivering significant value and more copper tonnes.” Codelco Chairman Bernardo Fontaine called it “a more efficient and responsible way” to develop the district. Anglo American
The next hard operating update is close. Anglo’s investor calendar lists its second-quarter 2026 production report for July 23.
