Anglo American has unveiled a radical self-help strategy which will slim its portfolio down to just copper, iron ore and fertiliser — and could prompt BHP to walk away from its proposed merger if Anglo continues to refuse to engage with it in the next eight days.

Anglo CEO Duncan Wanblad said on Tuesday that the approach from BHP had forced Anglo’s hand on the timing of the restructuring announcement, but emphasised that Anglo had been working since December on the new strategy...

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