A 300% Rally That Has Investors Questioning Anglo’s Plan to Sell
- Top shareholder says mine owner should hold off on asset sales
- Rebound in price eases pressure to shed iron ore, coal, nickel
Iron ore is transported and dropped into stockpiles in the Ferroport yard at the Acu Port.
Photographer: Bloomberg/Bloomberg via Getty ImagesThis article is for subscribers only.
When a company quadruples in value over nine months, it’s unusual for the biggest investors to say management has the wrong strategy. But that’s exactly what’s happening with Anglo American Plc, the mining company that is the U.K.’s best-performing blue-chip stock this year.