Company
Anglo American PLC
LON:AAL
Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. The company's portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning it to deliver into structurally attractive major demand growth trends.
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Fuller Treacy Comment of the Day - Cocoa Factories Slowing Down Spell Trouble for Chocolate Makers, and more...
Comment of the Day21st July 2023Eoin TreacyJul 22Video commentary for July 21st 2023A link to this week's Big Picture Long-Term video is posted in the Subscriber's Area.Sunak Suffers Twin Election Blows in Effort to Revive Tory HopesThis ar
Miners facing difficult second half as global economy struggles
Deutsche Bank has cut forecasts again for the 2023/24 fiscal year though it says it was expecting softer growth anyway
UK pushing for domestic clean tech mineral exploration
Eight UK sites have been earmarked as potentially housing rare critical minerals used in batteries
Anglo American sees 2022 output for iron ore, nickel and metallurgical coal at lower end of its guidance
“We do continue to feel the effects of dislocations in the global economy on our business - in energy and across supply chains and labour markets - and are planning accordingly for 2023," said chief executive Duncan Wanblad
Anglo American’s Kumba Iron Ore operations disrupted by Transnet strike
Anglo American is one of the world's largest mining companies
Anglo American says De Beers' eighth cycle rough diamond sales rise 2%
Between 19 September and 4 October, the premium metals producer said it expects diamond revenues to amount to US$500mln
Anglo American partners with EDF Renewables in South Africa
Is it virtue signalling or is it real? - Time will tell, but the partners are using all the right buzzwords
Anglo American commences copper mining at its Quellaveco project in Peru
Commercial operations are expected to lift the London-listed company’s global output by 10%
Amplats to pay special dividend even as interim underlying profit drops 32%
“Our performance in the first half of this year represents more normalised levels of sales volumes and resulting EBITDA," said chief executive Natascha Viljoen
Anglo American opens Peru copper mine just as price of red metal hits 20-month low
The Quellaveco operation cost US$5bn to put into production
Anglo American's De Beers says diamond jewellery demand continues to perform well in key US market
De Beers sold a provisional US$650mln of rough diamonds in its fifth sales cycle in 2022
Jefferies gives bullish forecast for mining but warns the sector is not without risks
The broker says "buy the miners to ride out the storm" and maximise leverage from a recovery
Arc Minerals shares jump on Zambian copper-cobalt joint venture deal with Anglo American
Anglo American will have the right to retain a 70% ownership in the joint venture for a total investment of up to US$88.5mln
Anglo American shares drop as Chile's SEA recommends Los Bronces integrated project be rejected
A decision on the LBIP permit application by the SEA is expected within the next week
Anglo American shares fall on production guidance cut and rising costs
The FTSE 100 miner also increased its full-year cost guidance 9%
Mark Cutifani leaves Anglo American in better shape than when he found it, but was it all down to him?
Cutifani has avoided major scandals, and ridden his luck well
FTSE 100 closes modestly lower after IMF cuts global growth forecasts
The UK blue-chip index closed the session 15.10 points, or 0.2% lower at 7,601.28, nearer the session peak of 7,624.90 than the day’s low of 7,565.81
Anglo-American eyes automated future at ex-Sirius Minerals mine in Yorkshire
Automated operations at a giant open-pit mine in Peru is the 'model of future mining' and could inform the future of Yorkshire's controversial mine development.
Anglo American teams up with EDF Renewables to secure 100% renewable energy supply for SA operations
By 2030, the ecosystem will provide 100% renewable electricity to Anglo American's operations in SA, thereby supporting local energy supply systems and the wider decarbonisation of the energy supply in the country
Anglo American and BAE Systems among those hitting 52-week highs
Stock markets may be in turmoil but some stocks are doing very nicely, thank you
Anglo American reports record earnings, special dividend
It plans to pay a final dividend of US$1.18 per share and a special dividend of US$0.50 per share
Anglo American resumes coal mining at Queensland's Grosvenor mine
The group's metallurgical coal production guidance for 2022 is now expected to fall between 20mln and 22mln metric tonnes, with unit cost guidance of $85 a tonne
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Today's Market View - Altus Strategies, Arc Minerals, Anglo American and more...
Rambler Metals & Mining* (LON:RMM) – 34.5p, Mkt cap £48.5m – Drilling hits additional mineralisation along strike from the recently discovered LP East Zone at the Ming Mine We recently published an updated research note on Rambler Metals &
Anglo American sets up A$230mln Aquila coal mine on Capcoal complex
The mine is expected to have a total annual saleable production of around 5mln tonnes.
Anglo American downgraded as Jefferies worries over coal and iron prices
"Anglo's exposure to these commodities might be a headwind over the next three months".
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Today's Market View - Aura Energy, Anglo Asian Mining, Anglo American Platinum and more...
Anglo American (LON:AAL) 3,399p, Mkt Cap £45.7bn – Q4 2021 production report and 2022 guidance Anglo American reports that it is continuing to achieve 95% operating levels at most of its operations and that Q4 production is in line with tha
Miners face more supportive market in early 2022, says Deutsche Bank
Only two FTSE 100 miners are currently rated 'buy' by the bank
Anglo American confirms talks with Vale about developing site adjoining Minas-Rio mine
Minas-Rio produced 17,596k metric tonnes of iron ore in the three quarters of 2021 reported to date
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Today's Market View - Anglo American, Gemfields, Tertiary Minerals and more...
Tertiary Minerals* (LON:TYM) – 0.16p, Mkt cap £2.0m – Chairman highlights strategic focus on copper and precious metals exploration In its results announcement for the year to 30th September 2021, Tertiary Minerals reports a pre and post-ta
Anglo American upgrades scope of former Sirius Minerals potash mine
"As we move towards full project execution, it is a natural time for Chris [Fraser] to step into a new role and I'm pleased that we will benefit from his experience as he works with us on a number of strategic projects"
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Conroy Gold close to JV agreement with Demir Export
A look at some of the major movers in London on Monday
Anglo American names strategy director Wanblad as new chief executive
"Duncan Wanblad is the standout and natural successor to Mark Cutifani"
Anglo American reveals senior leadership changes as CEO of bulk commodities to step down
Mkhwanazi joined Anglo American in 2014 and was previously CEO for the thermal coal business in South Africa
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FTSE 100 ends the month in the red
The FTSE 100 was unable to end in the green shedding 21 points by the close to sit at 7,086
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FTSE 100 holds on for positive finish but US stocks lag
Footsie finished nearly 11 points, or 0.16%, to the good, at 7,027
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FTSE 100 closes lower with Wall Street mixed despite better than expected US inflation figures
The FTSE 100 index closed down despite declining US inflation that have helped ease fears around Fed tapering
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Today's Market View - Cora Gold, Bluejay Mining, Anglo American and more...
Anglo American (LON:AAL) 3,096p, Mkt Cap £42.1bn – De Beers reports continuing strength in rough diamond demand driven by appetite for polished diamonds in China and the US
Anglo American's De Beers says diamond industry sentiment continues to be positive
“Demand for rough diamonds is a result of robust demand for polished diamonds in our key markets of the US and China,” said Bruce Cleaver, chief executive of De Beers
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FTSE 100 closes 1.5% lower as traders fret about economic recovery
The UK's index of premier shares finished down more than 110 points, or 1.54%, at 7,058, having at one point been at 6,993
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FTSE 100 closes ahead as traders mull weak US data, Fed announcement and precious metals rise
The UK index of premier shares finished over 61 points higher, or 0.88%, at 7,078, off the session peak of 7,093 and above the low of 7,008
Anglo American's Amplats posts record earnings in the first half of 2021
Amplats is the world's largest primary producer of platinum
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Today's Market View - Power Metal Resources; Kavango Resources and more...
Power Metal Resources* (AIM:POW) 2.03p, Mkt cap £24.2m – Soil sampling extends Morula Target Geochemical Anomaly to Over 18km Kavango Resources (LON:KAV) 5.45p Mkt cap £20m (South Ghanzi is held under a 50/50 Joint Venture) with Kavango Res
Anglo American’s second-quarter results show coal out, future in
Anglo American is the world's fourth-largest diversified miner
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Royal Mail, easyJet, Unilever and Vodafone key names in coming week
There will also be eyes on the US as earnings season picks up the pace with numbers due from Netflix, Coca Cola and Johnson & Johnson among others
Anglo American and Glencore are top picks for Citi ahead of production updates from mining majors
Citigroup sees no significant change to full-year guidance from the largest mining companies
Barclays raises price targets for Glencore, Anglo American and Rio, amongst others
Mining valuations still look compelling, even if demand for some commodities is slowing
Anglo American's De Beers sees strong demand for rough diamonds in fifth sale
"Overall sentiment is increasingly optimistic as we move towards the second half of the year," said Bruce Cleaver, chief executive of De Beers
Anglo American shareholders should take profits amid rising near-term risks, says RBC Capital Markets
Anglo has consistently outperformed its peer group each year since 2017, says RBC
Anglo American spins off Thungela coal unit, 'worth zero' says short-seller Boatman
Thungela means "to ignite" in isiZulu and today's listing has done that among investors
Prepare for biggest inflation scare since 1980s warns Jefferies
Broker highlights some potential winners and losers if prices keep on rising
Anglo American's De Beers posts lower rough diamond sales as COVID hits demand from India
US$380mln of rough diamonds were sold in the fourth sales cycle, down from US$450mln in the third
Anglo American says coal production fell in first quarter and cuts its full-year output guidance
Overall, first-quarter production was at 95% of normal capacity partly due to COVID-19 constraints at some operations
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Today's Market View - Castillo Copper ; IronRidge Resources ; Vast Resources and more...
Alba Mineral Resources (AIM:ALBA) – Waste dump sampling at the Clogau St David’s mine Arkle Resources* (AIM:ARK) – Denial of rumours concerning a reverse takeover Castillo Copper (LON:CCZ) – Historical data review highlights potential at Ar
Anglo American to spin off thermal coal operations in South Africa
Thungela Resources Ltd will have a primary listing on the Johannesburg Stock Exchange and a standard listing in London
Mining shares are attractive as a relatively cheap ‘value’ sector, says Barclays
“Miners remain attractive as a relatively cheap ‘value’ sector exposed to growing demand,” Barclays Capital Inc said
Anglo American sells US$440mln of rough diamonds in third sales cycle, warns COVID-19 challenges continue
"Sales were in line with expectations and both market sentiment and overall industry conditions remain positive," said De Beers chief executive Bruce Cleaver
Ferro Alloy Resources seals funding deal with former Xstrata boss Mick Davis
Davis will become chairman of the company, and has pledged further funds in due course
De Beers records higher rough diamond sales amid healthy jewellery demand
"We saw the continuation of good rough diamond demand during our second sales cycle of 2021 on the back of positive consumer demand for diamond jewellery," said Bruce Cleaver, chief executive of De Beers Group
Anglo American to top-up investment into former Sirius Minerals project in Yorkshire
The Woodsmith mine was acquired for £405mln in March 2020, and, subsequently by the end of 2021 Anglo will have sunk around US$800mln of investment into the project.
Anglo American's platinum business posts record profits and plans to mechanise
Amplats’ basket of platinum group metals (PGMs) saw prices jump by 70% on average in 2020
FTSE 100 ends above the flatline while Wall Street climbs to new heights again
One of the early risers in New York was Tesla, which saw its shares boosted by its announcement of a US$1.5bn investment in Bitcoin
Anglo American says second half production back up to 95% of 2019
Copper production in the fourth quarter was up 6% on the same period last year, while iron ore was down 11%
The sins of the fathers continue to visit the sons, as Anglo American faces another class action
Anglo American was once the most powerful mining presence in Africa
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Today's Market View - Vast Resources, Serabi Gold, KEFI Gold and Copper and more...
Anglo American (LON:AAL) – Q3 production recovery Bluejay Mining* (LON:JAY) – Danish Maritime Authority accepts Navigational Safety for Dundas titanium sand mine Empire Metals* (LON:EEE) –– Drilling starts at Eclipse gold project in Kalgoor
Anglo American increases production 24% compared to second quarter
The De Beers owner said it has seen “encouraging improvement” in demand for rough diamonds ahead of the holiday selling season
Is now the time to look closely at diamond exploration shares?
Paradoxically, the junior explorers have held their value better than the producers
Anglo American reveals recovering De Beers rough diamond sales after coronavirus hiatus
De Beers was prevented from carrying out its normal sales process earlier in the year due to restrictions on the movement of people and product in Botswana, South Africa and India
Anglo American dividend halves as earnings tumble amid uncertain outlook
Revenue and underlying earnings fell by 16% and 39% respectively
Anglo American goes from 60% to 90% of production capacity during second quarter
“Strong performances from our Minas-Rio iron ore operation in Brazil and the Collahuasi copper operation in Chile helped mitigate our overall decrease in production to 18%,” said CEO Mark Cutifani
Anglo American shows potential for hydrogen fuel in mining sector as EU publishes strategy roadmap, says JP Morgan
Hydrogen demand could support long-term platinum group metal demand but bring to higher capital expenditure
Anglo American, Antofagasta and BHP targets hiked as Deutsche Bank turns positive on mining sector
The bank said commodities had managed to avoid “the levels of extreme margin compression" seen in the 2008 and 2015 downturns and they expected domestic demand in China to “continue to surprise to the upside”
Anglo American subsidiary Anglo Platinum restarts operations at ACP
Anglo American Platinum is one of the world's largest platinum companies
Focus on services sector as Tuesday's company diary very quiet
UK and US services sector purchasing managers’ index surveys are likely to come in around all-time lows
Pensana progresses Longonjo NdPr Project in Angola towards PFS in September
The company has identified a path to early development that aims to position Longonjo as an important supplier of NdPr raw materials to meet demand from the electrification of vehicles.
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Morning View - Ariana Resources, Kavango Resources, Versarien and others
SP Angel . Morning View . Thursday 23 04 20Markets steady on record low Euro PMIs and US Congress $0.5tn vote Adriatic Metals* (LON:ADT1)
Sirius Minerals owner Anglo American keeps Woodsmith mine work going
“Strict social distancing measures are allowing essential work to progress” at the Yorkshire mining project
Anglo American slashes production guidance due to coronavirus
The miner will pay the final dividend for 2019 as planned on 7 May, subject to shareholder approval
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Today's Market View - Cora Gold, Pan African Resources, Atalya Mining and more...
Market Update: Monday, 30 March 2020 Beximco Pharmaceuticals* (BXP.L): Donation of medical equipment Novacyt S.A* (LON:NCYT): COVID-19 test update Redx Pharma (LON:REDX): Short term loan agreement
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Today's Market View - Anglo American, Arkle Resources, Chaarat Gold and more...
Anglo American (LON:AAL) – Covid19 mitigation measures Arkle Resources* (LON:ARK) 0.7p, Mkt Cap £1m – Conditional fundraising Chaarat Gold* (LON:CGH) - BUY – 44p – Operations update in the light of the COVID-19 outbreak Scotgold Resources*
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Today's Market View - Anglo American, Feedback plc, Diurnal and more...
Anglo American (LON:AAL) – Covid19 mitigation measures Arkle Resources* (LON:ARK) 0.7p, Mkt Cap £1m – Conditional fundraising Chaarat Gold* (LON:CGH) - BUY – 44p – Operations update in the light of the COVID-19 outbreak Scotgold Resources*
Sirius Minerals buyer Anglo American no longer ‘top pick’ as RBC warns takeover, coronavirus will dent cashflow
The bank also warned that an explosion at the company’s PGM converter in South Africa last week will hit cashflow “significantly” in 2020