Anglo American's financial performance took a hit in 2023, with a significant decrease in profit leading to a reduction in dividends. The company attributed this to a downturn in the prices of its primary commodities. Notably, it recently marked down the value of its De Beers diamond unit by $1.6 billion and substantially revised its copper production targets downward. Additionally, Anglo American has proposed workforce reductions, including 3,700 job cuts across its South African platinum operations, and has recorded asset impairments in its nickel segment.