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.

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 or call 0860 52 52 00. Got a subscription voucher? Redeem it now