Commodities
Anglo Investors Tell Company to Move Faster to Survive BHP Bid
- Shareholders want to know if turnaround plan beats selling
- Miner may unveil new strategy at Bank of America conference
Workers at an operations center for an Anglo American Plc coal mine.
Photographer: Patrick Hamilton/BloombergThis article is for subscribers only.
Anglo American Plc’s shareholders are pushing the company to speed up the release of its turnaround plan as the 107-year-old miner seeks to present an alternative to BHP Group Ltd.’s takeover bid.
Anglo has been reviewing its business since mid-2023, looking at every mine in its portfolio to help reshape a company that’s fallen behind competitors in recent years. Yet that process was broadsided by a takeover approach last month from the world’s biggest miner.