In February 2016, Anglo American outlined an even more wider-reaching programme of asset sales than previously announced, aimed at streamlining the business and reducing debt. The company is exiting coal, iron ore and nickel completely, along with manganese, niobium and phosphate. It is also reducing the number of core operating assets in diamonds, platinum and copper to only 16. The new plan shows how much companies are being hurt by low commodity prices as businesses previously considered core and 'not for sale' are now on the market – including stakes in Tier-1 mines. Our analysis shows the relative positions of Anglos' assets across copper, coal, iron ore and nickel based on relative cost curve position and production size.