Lucky charm: how Cutifani revived Anglo
The miner is sitting pretty but its latest gift to shareholders is small, suggesting it has learnt from previous mistakes
It has been a dramatic week for the country’s considerably slimmed down but still largest mining group Anglo American.
First up came news that 12 years after it spent $10.85bn to buy back its own shares from the marketplace, the group would have another go. This time, however, it will only risk $1bn on what is essentially a gift to its shareholders.