Indian mining tycoon Anil Agarwal surprised the market yet again this week, announcing an interest in increasing his stake in Anglo American to 20% and rocking the future of the business turning 100 tomorrow. This would make the Indian billionaire the biggest Anglo shareholder, kicking the Public Investment Corporation (PIC) into second place. The announcement came as the miner celebrated its centenary at Vergelegen in Cape Town, where it hosted about 1000 stakeholders, including old executives. Agarwal's move this week strengthens the belief that he is not going to play the role of passive investor through his family trust, Volcan Investment. Analysts say this makes predicting the future of the Ernest Oppenheimer-founded miner hard and that its strategy of focusing on three minerals may be changed. No takeover Agarwal declined to comment this week after the announcement but in a statement by Volcan Investments he said he did not have any intention to acquire Anglo American as he wa...
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