Anglo American Surges on Strong Production and Cost Performance Amid Teck Merger

Anglo American reported a solid six-month production and cost performance, driven by operational excellence and favorable copper prices. The company's earnings before interest, tax, depreciation, and amortisation (EBITDA) increased by 35% to $4 billion during the period.

The resources and agricultural nutrients group is in the process of merging with Teck Resources to create a global metals and minerals champion. CEO Duncan Wanblad said that management initiatives undertaken as part of the group strategy during the six months include the sale of Steelmaking Coal for up to $3.875 billion in cash.

Anglo American's net debt decreased to $8.2 billion from $8.6 billion at December 31, 2025. An interim dividend of $0.23 per share was declared, consistent with a 40% payout policy.