Anglo American moves to delist shares from SIX Swiss Exchange

Anglo American plc, the global mining giant, said it will delist its shares from the SIX Swiss Exchange after securing approval to withdraw its secondary listing. 

In a statement on March 23, the company said the move follows a review of its global listings as it advances a proposed merger with Teck Resources. Anglo American cited persistently low trading volumes in Zurich and the added cost of maintaining multiple listings as key reasons for the decision. 

Trading in Anglo American shares on the Swiss exchange is expected to end on June 25, with the delisting taking effect the following day. The company advised investors who trade in Zurich to consult brokers or financial advisers on next steps. 

Global listings and merger plans

The group said its broader listing structure will remain largely intact. On completion of the merger, the combined Anglo-Teck entity is expected to keep its primary listing on the London Stock Exchange, alongside listings on the Johannesburg Stock Exchange, the Toronto Stock Exchange and the New York Stock Exchange through American Depositary Receipts, subject to regulatory approvals. 

In December 2025, the companies received clearance from the Canadian government under the Investment Canada Act, marking a key step for the merger.

Strategy reset under Wanblad 

Founded in 1917, Anglo American is among the world’s most diversified miners. The company produces copper, iron ore, platinum group metals, steelmaking coal, and crop nutrients. Its operations span Africa, the Americas, and Australia, with a growing emphasis on sustainable mining practices.

CEO Duncan Wanblad, who joined the company’s Executive Leadership Team in 2009 and became CEO in 2022, brings more than three decades of mining experience. He previously led the Base Metals business and chaired the Anglo American Foundation. Wanblad also serves as chairman of De Beers. 

Since his appointment, Anglo American has been restructuring to focus on core operations. The company reported full-year 2025 revenue of $18.55 billion, up from $17.74 billion in 2024, with underlying EBITDA of $6.42 billion and strong margins of 49% in copper and 43% in premium iron ore.

The Swiss delisting, while modest in isolation, reflects a broader effort to simplify the company’s structure as it prepares for a larger combined business.