Full Year Results 

Anglo American capex on the up

Anglo American capex on the up

Remember markets’ so-called ‘Goldilocks’ moment in 2017? Global growth was strong, volatility was low, corporate profits were climbing and inflation was yet to force central bankers’ hands. That comfortable backdrop for equities ended last year, just as investors started to apply the Goldilocks principle to the world’s largest miners; namely, how to strike the perfect balance of shareholder returns, cost management and the necessary but risk-laden job of mine building.

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