Anglo American clears key Chile copper milestone, shares edge higher in FTSE 100 trade

By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-25, 19:32.

Anglo American (GB00B1XZS820) has put a concrete figure under its Chile copper ambitions with Codelco. The London-listed FTSE 100 miner now anchors roughly 30,000 tonnes of additional annual copper exposure after finalizing a joint plan at Los Bronces and Andina, as highlighted in recent market commentary from London analysts and the company’s own regulatory disclosures.

Details of the Chile copper agreement

According to the 24 June regulatory news statement, Anglo American and Codelco have completed an agreement for an integrated mine plan spanning Los Bronces and Andina in central Chile, with a combined expected 2.7 million tonnes of copper over 21 years, or about 120,000 tonnes per year on average.

Market analysis out of London calculates that Anglo American’s effective economic interest translates into around 30,060 tonnes of copper per year, reflecting its 50.1 percent stake in Anglo American Sur and the equal split between the two partners.

How the market and peers react

A London-focused report on Thursday cited Anglo American shares at 3,654 pence at 09:06 BST, up 1.2 percent on the session, while the broader FTSE 100 index traded about 0.3 percent higher, underscoring a measured but positive reaction to the Chile clarification.

The same commentary noted that the new copper stream corresponds to roughly 4.1 percent of Anglo American’s mid-point copper guidance, and implied a pre-tax net present value for the group of approximately 1.25 billion US dollars, based on a 5 billion dollar project NPV split between the partners.

What Anglo American sells

Anglo American’s core business is diversified mining, with major positions in copper, platinum group metals, iron ore, metallurgical coal and diamonds, while the Los Bronces and Andina plan bolsters the copper side of the portfolio as the company pursues growth and decarbonization targets focused on metals used in energy transition technologies.

Where the shares trade today

Anglo American shares (GB00B1XZS820) trade on the London Stock Exchange under the ticker AAL, with recent commentary citing a level of 3,654 pence during Thursday’s morning session in FTSE 100 trading, as of 2026-06-25, 09:06 BST.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, investment recommendation or an offer or solicitation to buy or sell any financial instrument. Figures and dates are based on publicly available sources believed to be reliable but cannot be guaranteed. Investors should conduct their own research and, where appropriate, seek professional advice.