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Mining firm drops bosses' merger bonus amid backlash

The Guardian

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December 09, 2025

The London-listed mining company Anglo American has dropped plans to award its bosses multimillion-pound bonuses if its planned $50bn (£38bn) mega-merger with a Canadian rival goes through, after a backlash from its investors.

- Lauren Almeida

The FTSE 100 firm had sought shareholder approval for a plan to award its chief executive, Duncan Wanblad, a share bonus worth £8.5m if the deal to buy Teck Resources to create a copper-producing giant was completed.

Other senior executives were also supposed to gain incentives through the plan, which would have updated long-term awards made in 2024 and 2025 to allow them to receive at least 62.5% of their share awards when the merger was completed.

The Guardian

यह कहानी The Guardian के December 09, 2025 संस्करण से ली गई है।

हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।

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