We made significant progress with our portfolio transformation during 2025, allowing us to take the next strategic step to accelerate our growth through our agreed merger to form Anglo Teck.
We develop and actively manage a portfolio of high-quality mineral assets, with a focus on operating safely, efficiently and competitively – to reliably serve our customers, deliver sustainably attractive shareholder returns and create wider stakeholder value.
Operational excellence
Operational excellence
Our first and most important priority is achieving operational excellence – and that always starts with our number one value: safety. We have world-class assets and we continue to improve their performance and competitive positions through operational efficiency and cost discipline.
Our focus is on delivering our mine plans safely and reliably – that is the foundation for everything else we do. The detailed mine planning is driven by our people on the ground, who in turn are empowered to deliver and maximise long-term value from our portfolio.
Optimising our portfolio
Optimising our portfolio
We are optimising our portfolio to unlock its inherent value. A radically simpler business, with strong geographic balance and less complexity in capital allocation, is set up to deliver sustainable incremental returns through a step change in operational performance, cost reduction and cash flow generation. Our main focus is on our world-class copper and premium iron ore businesses, in addition to opportunity presented by the long-term potential of our Woodsmith project as the cornerstone of our crop nutrients business.
Growth
Growth
Anglo American has outstanding growth options, with well-sequenced, value-accretive opportunities in the products that serve the major demand growth trends. We will unlock the potential of these and other growth opportunities that we aim to secure over time by leveraging our proven project-delivery capabilities, our longstanding reputation as a responsible mining company and our global relationship networks, in the jurisdictions where our experience and track record are most valuable and most valued.
Built up over many decades of operating businesses and developing major projects and developed markets, our strategic enablers are integral to delivering the full potential of Anglo American’s portfolio and other growth opportunities that we will secure over time.
Customer solutions
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Whether from our portfolio of high-quality and long-life assets or through complementary third-party production, we offer a reliable supply of essential metals and minerals, with a focus on shaping longterm, direct commercial relationships that place the expectations of our customers firmly at the centre of our approach.
We do this by providing a broad range of integrated product solutions that aim to be:
Sustainability and technical competencies
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The way in which metals and minerals are produced is becoming ever more important to all stakeholders, from communities close to mines and processing plants, all the way through to the end consumer – and rightly so.
FutureSmart Mining™ integrates innovation in both sustainability and technology across our operations (and in how we develop new mines) to deliver better outcomes for our business, our stakeholders and our planet.
Our holistic approach – whether it’s how we engage communities through our Social Way framework, our approach to biodiversity, or our use of technology to reduce water or energy intensity – enables us to unlock value where we operate, with a focus on driving economic returns for our shareholders and to generate positive benefits for all stakeholders.
Reputation
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Anglo American has a longstanding reputation as a responsible mining company and as a partner of choice in the regions where we operate. A strong and positive reputation is a critical enabler to securing and sustaining a licence to operate in any given jurisdiction and across our broad network of stakeholders along the value chain. On an ongoing basis, we recognise the value drivers associated with reputation, ensuring that wedeliver on the promises we make to our shareholders, to the communities and countries in which we operate, our customers, our employees and to society at large.
We believe we can unlock the full potential of the growth opportunities within our portfolio and others that we may secure over time by leveraging our proven delivery capabilities, our reputation for doing the right thing, and our global relationship networks, in the jurisdictions where our experience and track record are most valuable and most valued
Culture
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Our aim is to create a culture where every employee is able to create value for Anglo American because they are truly empowered. Our people – our employees and contractors – are the driving force behind everything we do. We are focused on fostering a culture that is guided by our Purpose and Values – one in which our employees feel safe, valued for who they are, as well as the work they do, and are empowered and accountable to make a difference and create value for Anglo American in the long term.
Changes in commodity supply, demand, and cost structures are reshaping portfolio priorities and long-term price assumptions. Rapid technological shifts, such as battery chemistry innovations, AIdriven infrastructure growth, and evolving decarbonisation pathways add uncertainty around which commodities will dominate future markets. Anglo American’s strategy reflects these dynamics, focusing on commodities that support the energy transition and global development. We recognise structural challenges in delivering new projects, including rising capital intensity, longer lead times, and increased social and environmental scrutiny. To manage this uncertainty, we apply stress-tested price scenarios and multiple demand outlooks to guide capital allocation and ensure project approvals deliver resilient returns.
