Elliott Management has built a roughly $1 billion stake in miner Anglo American in recent months, a person familiar with the matter told CNBC.
Elliott has experience with campaigns at mining companies, including a 2017 effort at BHP.Elliott Management has built a roughly $1 billion stake in minerAnglo American shares were up 5% on the news Friday.
Anglo American declined to comment. The company is one of the largest producers of copper in the world.
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