Anglo's new billionaire backer Agarwal says he's no activist

Anglo American’s new billionaire shareholder said he has no intention of behaving like an activist investor after surprising the mining industry by paying $2.5-billion for a 13% stake earlier this month. “At the moment, I’ve come in purely as an investor on my personal capacity and that is the intention,” Anil Agarwal, who is also the founder and controlling shareholder in Indian resource giant Vedanta Resources, said in an interview in Lausanne, Switzerland. “We’ve never been an activist. We’re purely an investor and we are going to support the management.”