Anglo to face investors with wary eye on BHP’s potential return

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Anglo American investors will keenly scrutinize CEO Duncan Wanblad on Thursday as he gives an update on the London-based miner’s strategy, just months after fighting off a

“Clearly, any updates on the simplification strategy will be closely watched,” said Richard Hatch, analyst at Berenberg. Investors also expect Anglo to write off the value of its Woodsmith fertiliser project in northern England, having earlier said it would slow down development but still invest $800-million this year. Anglo already wrote down $1.7-billion on the project a year ago.

The main prize in Anglo’s portfolio are its world class and long-life copper assets in Latin America.

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