The doubling of Anglo American’s share price since late January means the time could be ripe for a rights issue rather than an asset fire sale to boost its defences against tumbling commodity prices, fund managers say. The London-listed global miner has insisted it does not need to raise cash and that it plans to sell its iron ore, coal and nickel operations as part of a sweeping overhaul to raise $4-billion this year and cut net debt to $10-billion.
