Anglo American FY adj. EBITDA $6.4B, est. $6.34B

Anglo American FY adj. EBITDA $6.4B, est. $6.34B

Anglo American Reports FY 2023 Adjusted EBITDA of $6.4 Billion, Slightly Above Estimates

Anglo American (MIN.LN) reported preliminary full-year 2023 financial results, with adjusted EBITDA reaching $6.4 billion, marginally exceeding pre-announced estimates of $6.34 billion. The results reflect the company's ongoing strategic focus on operational efficiency and portfolio optimization amid fluctuating commodity prices.

The mining giant's performance was driven by strong contributions from its core assets, including coal and copper operations, though challenges in certain regions tempered overall growth. Anglo American has prioritized cost discipline and capital allocation reforms since initiating a restructuring program in 2020, which included divesting non-core assets and streamlining operations.

Notably, the company has shifted its strategic emphasis toward copper, positioning itself as a "copper champion" to capitalize on long-term demand from clean energy transitions. This aligns with broader industry trends and complements Anglo American's existing expertise in high-margin commodities.

In addition to operational updates, Anglo American's 2023 results coincide with significant corporate developments. The company finalized key regulatory approvals for its proposed merger of equals with Teck Resources, a transaction expected to create a leading global copper producer. Teck's recent Q4 2025 results highlighted progress in advancing the merger, including shareholder approvals and compliance with Canadian investment regulations.

Anglo American's 2023 Tax and Economic Contribution Report further underscores its commitment to responsible mining, detailing $1.2 billion in tax payments and investments in local communities across its operating regions.

While the adjusted EBITDA figure meets revised expectations, analysts will closely monitor the company's 2024 guidance and integration plans for the Teck merger, which could influence medium-term profitability and market positioning.

Anglo American Preliminary Results 2023: Anglo American Preliminary Results 2023
2023 Full-Year Results Presentation: 2023 Full-Year Results Presentation
Teck Reports Unaudited Q4 2025 Results: Teck Reports Unaudited Q4 2025 Results
Anglo American Tax and Economic Contribution Report 2024: Anglo American Tax and Economic Contribution Report 2024