One of the miner’s worst kept secret may be revealed as soon as Tuesday.
Anglo Mining News
A month after Anglo completed the sale of Mantos Blancos and Mantoverde copper mines in northern Chile, analysts are calling into question the firm’s chance to unload two other assets.
The announcement comes only days after Anglo announced a $330m deal to sell lossmaking South African platinum mines to Sibanye Gold.
The price for the two assets could rise to $500m from $200m, depending on an eventual recovery of copper prices and the execution of an expansion plan for the Mantoverde mine.
According to local newspaper El Mercurio, the unnamed fund is buying Anglo's Mantoverde and Mantos Blancos copper mines.
This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.
It would be the first time since 2009 that Anglo has to cut dividends.
Cuts likely to be announced at the end of the month, when the miner is set to publish its first-half results.
Anglo’s assets up for grabs include three mines and a smelter valued at $1 billion.
The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.
Anglo’s boss Mark Cutifani says company needs to find an extra $2 billion of earnings before interest and tax to meet the return on capital target set for 2015.
The vote would involve miners who are willing to take part and inquire whether they wanted to return to work.