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Anglo American's South African Assets Shift from Liability to Strategic Value Ahead of Teck Merger

STRATEGIC MINERALS

Anglo American's South African operations now contribute only 15-20% to EBITDA after recent restructuring. The company holds a 40% stake in the Samancor Joint Venture and 69.7% in Kumba Iron Ore, which hold substantial manganese and iron ore reserves.

Expansion potential in the Northern Cape is linked to rail and port infrastructure improvements. Kumba has identified 293 million tons of additional metal at Kolomela mine, enhancing its resource base. Despite speculation about consolidation in the manganese sector, both Anglo and South32 emphasize their commitment to partnership and maintaining their stakes.

Anglo American's South African Assets Shift from Liability to Strategic Value Ahead of Teck Merger
Mar 18, 2026, 6:06 AM

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