Anglo American is well on its way towards a growth trajectory again, after a commodity downturn and fire sale of noncore assets left the century-old diversified mining house a shadow of its former self. The company made decisions under pressure in 2016 when shareholders clamoured for it to cut its $12.5-billion debt, then scrapped this sell-off strategy halfway in the face of the improving commodity cycle. It was left with copper, diamonds, platinum and bulk commodities in its portfolio. CEO Mark Cutifani said the strategy for the future was a focus on high-quality assets, and aiming to be at a point where it did not worry about individual commodities. "We don't have to go out there and make big acquisitions. We have a great pipeline of opportunities and if there is something outside that we see value in, we are not shy about looking at it. But the big part will come from what we have," Cutifani said. Problem child The company is investing in the huge Quellaveco copper project in Pe...
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