Anglo American’s debt increased during the past year as it added growth to the company and set its sights on a large acquisition in the fertiliser market.

Anglo is building a large, new copper mine in Peru. The Quellaveco mine is the first new project since the Minas Rio iron ore project in Brazil, which was marked by large cost overruns and delays, putting the company’s balance sheet under pressure.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now