Singapore - Anglo American reposted this
Anglo American accelerates delivery of strategy to unlock significant value. https://bit.ly/4aeE3o4
If BHP had not made the unsolicitated offer, would Anglo have devised such a destructive “strategy”. This is a sad end to a once great mining company.
Thanks for sharing . May God guide you and bless all stakeholders to work together harmoniously towards One goal.= success
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The new strategy has a lot of similar words to the BHP proposal on purchase of Anglo American. Is this an Anglo American capitulation?
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Interested to see what this is going to bring. In summary, digesting from the Australia steel making business, emerging from Anglo platinum and separation from De Beers, if I understood correctly?
Amazing they have this vision unveiled only after BHP bid made
Good to know!
Consulting Engineer/Snr Project Manager/Business Systems Reviews at Astidian Systems at Astidian Systems
2moI read this to be the beginning of the end, or maybe just the END of the beginning of the END! A once proud and innovative mining company turned into a sideshow where it is unbundled eventually into nothingness, or maybe at best a small sideline in the global mining playing field. It started when it unbundled JCI, a 100 year old miner that lost its way due to mismanagement at Corporate level at Anglo America and JCI. Where are its remnants today? Not worth even a sideline mention. I have heard the same type speech with the same word strings and promises so often that it sickens me to core. The Anglo Board should have just agreed to the BHP offfer, exited with their share options and spared all the anguish of a wasted effort with thousands of employees fearing for their future from year to year. Talk to the ex-employees of the JCI group, and those of Anglo Pt after the sell-off of mines, they will give one the reality behind those shareholder-directed sweetened words & phrases: “ongoing commitment to unlocking shareholder value”, “ a brighter future for all” and “we value our employees … etc”. Unbundling > right-sizing = job losses to those at the near-end of their careers. Quo Vadis Anglo America?