Anglo American sets copper deal in Chile, shares in FTSE 100 mining spotlight

By Julia Schmitt, Sector & Peer Group desk. Reviewed prior to publication on 2026-06-28, 10:07.

Anglo American (GB00B1XZS820) has recently moved to deepen its copper footprint in Chile through a completed agreement with Codelco around the Los Bronces and Andina assets, according to exchange filings and company updates. The London-listed miner remains a core name in the FTSE 100, giving investors direct exposure to diversified metals including copper, iron ore and diamonds alongside South African peers and global groups such as Rio Tinto and BHP.

What the Chile copper deal adds

The Los Bronces-Andina agreement between Anglo American and Chilean state copper giant Codelco is structured to deliver around 2.7 million tonnes of copper, based on a joint progress report lodged with market authorities and the company's investor communications. This arrangement builds on Anglo American's existing interest in the Los Bronces mine, a major open-pit operation situated in the Andean foothills northeast of Santiago, and is designed to secure long-term resource access in a country that remains central to global copper supply.

Latest progress details show that key regulatory and commercial steps have been completed, allowing the partners to move ahead with operational planning and investment sequencing in line with Chilean permitting requirements and environmental frameworks. For a sector where copper is increasingly seen as a bellwether metal for electrification, the confirmed agreement strengthens Anglo American's base metals portfolio at a time when peers such as Rio Tinto and BHP also highlight copper in their strategic updates.

Position among FTSE-listed miners

Anglo American's stock is part of the FTSE 100 index on the London Stock Exchange, which anchors its role as one of the larger diversified mining groups available to UK and international investors seeking exposure to bulk commodities and precious metals. On data from Hargreaves Lansdown, the shares recently traded around 3,651 pence with a market capitalization close to 39.84 billion pounds, reflecting the group's scale and global footprint.

Peer comparison places Anglo American alongside names such as Rio Tinto, Glencore and BHP in the European and UK mining segment, with each company balancing iron ore, copper and coal in differing proportions. Within this set, Anglo American's copper-heavy moves in Chile and its continued diamond and platinum operations in South Africa underline a diversified resource base that differs from the more iron ore-centric profile of some Australian and Brazilian peers.

The business behind the stock

Anglo American generates revenue from a portfolio of mining operations spanning copper, iron ore, coal, diamonds and platinum group metals, with key assets in South America and southern Africa. In copper, core producing sites include the Los Bronces mine in Chile and operations at Quellaveco in Peru, both positioned to supply concentrate for smelting and refining in regional and global value chains.

Beyond copper, the group owns Kumba Iron Ore in South Africa and has interests in metallurgical coal used for steelmaking, alongside a long-standing diamond business via De Beers. This mix gives the company exposure to both industrial growth and consumer demand, while its development pipeline and joint ventures, such as the detailed agreement with Codelco in Chile, aim to secure future resource access under evolving environmental and regulatory standards.

Where the stock trades today

Anglo American shares (GB00B1XZS820) trade on the London Stock Exchange, with recent data from Hargreaves Lansdown showing a price around 3,651 pence in late June 2026 and a market capitalization near 39.84 billion pounds. The shares form part of the FTSE 100 index, which positions the stock as a core constituent in many UK and global equity portfolios.

This article is for informational purposes only and does not constitute investment advice, a recommendation to buy or sell any security, or a solicitation of any kind. All data are based on sources believed to be reliable at the time of publication but may change without notice.