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Mining firm drops bosses' merger bonus amid backlash
The Guardian
|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.
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.
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