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
01 August 2019 - 05:00
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...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.