- Planned slowdown weighs on production
- Deteriorating copper grades at Los Bronces
Anglo American (AAL) has seen its market valuation halve over the past 12 months, but group chief executive Duncan Wanblad has said that the embattled miner will not be selling off any assets in the face of increasing investor pressure.
The group’s fourth-quarter (Q4) production update would have done little to appease dissatisfied shareholders, with Q4 volumes down by 7 per cent due to the ongoing slowdown in South Africa and deteriorating ore grades in its Los Bronces copper operations in Chile.