Anglo American has reported a robust start to 2025, with strong performances in copper and iron ore and a confidence in its place among the changing global market.
Anglo American chief executive Duncan Wanblad said both copper and iron ore are performing in line with the company’s guidance.
“In Copper, Quellaveco and Los Bronces are both performing well, helping to offset the expected lower grades and variability in recoveries at Collahuasi,” he said.
“In Iron Ore, Kumba posted another solid quarter and increased iron ore sales as Transnet saw better rail logistics performance, and Minas-Rio had another excellent quarter.”
Anglo American is actively progressing with its portfolio transformation, aiming to simplify its operations and focus on high-value assets. The company is on track to complete the demerger of its platinum arm is expected to be completed by the end of May.
Anglo’s steelmaking coal assets are in the final stages of being sold to Peabody Energy and its nickel business is expected to be sold to MMG Singapore Resources by the end of 2025.
In the first quarter Anglo also finalised a new long-term diamond sales agreement with the Government of Botswana and continues to pursue a dual track process to divest its interest in De Beers.
These strategic moves are expected to enhance shareholder value and streamline operations, enabling the company to concentrate on its copper, iron ore, and manganese units.
“2025 is undoubtedly a year of portfolio and organisational transition for Anglo American and we will emerge as a highly differentiated, sustainably higher margin and higher return on capital employed investment proposition, well positioned for our next phase of growth and value delivery,” Wanblad said.
“While the impact of tariffs on the global economy is uncertain in the short-term, we have conviction in the strong longer-term outlook for our products, which have scope to become even more important to the changing global economy in coming years.
“Our restructuring and cost savings programme remains on track, giving us confidence that we are well on our way to reshaping our business and embedding far greater resilience, both through the cycle and in the current volatile macro environment.”
