Annabel is a staff writer across energy titles, with degrees in History and International Journalism.
The announcement from CEO Jakob Stausholm comes as the company posted a drop in its 2023 results this week.
Diversification efforts reflect a growing interest from miners to tap into the booming critical minerals market.
The move comes as several major miners have recently announced plans to exit nickel projects in Australia and elsewhere.
The announcement comes as India looks to boost coal-fired power capacity amid continued high demand.
The crisis in global nickel prices has already forced production cuts, with some miners abandoning unprofitable projects altogether.
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The company has been the primary funder of the nickel project, which has repeatedly failed to turn a profit, for more than ten years.
Academics have expressed concern over the delay, arguing that it “jeopardises” sustainable development.
The remarks come after Duncan Wanblad insisted in December that Anglo American “has no sacred cows”.
The charges were filed following an investigation into a “serious worker injury” by Workers’ Safety and Compensation Commission (WSCC) safety officers.
Germany is looking to reduce its dependence on China for critical minerals.