Company
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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Anglo American (LON:AAL) – De Beers diamond sales hit by fallout of corona-virus Aura Energy* (LON:AURA) – Clarification of moves to restructure the board Condor Gold* (LON:CNR) – High grade pit scenario for La India Edenville Energy (LON:E
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SP Angel . Morning View . Thursday 20 02 20 China cuts rates as Coronavirus hits output MiFID II exempt information – see disclaimer below Anglo American (LON:AAL) – Strong results but a rocky year ahead Shanta Gold (LON:SHG) – Convertible
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Next week Sirius shareholders are scheduled to vote on the £400mln deal
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Investors are expected to question the rationale of the potential £400mln deal announced last month due to capital expenditure and commodity prices
“We have delivered our full year production targets across the business,” said chief executive Mark Cutifani
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Sirius Minerals (SXX LN) / Anglo American (LON:AAL) - Anglo American agrees to buy Sirius Minerals for 5.5/s (£404m) Chaarat Gold* (CGH LN) 36p, Mkt Cap £169m – Issue of shares Keras Resources* (KRS LN) – Keras hires local team for Q1 start
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A glance at some of the day's highlights from the Proactive Investors newswire
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Anglo's 5.5p offer has been recommended by the Sirius Minerals board, and, the takeover offer will now go to a shareholder vote.
Deutsche Bank analysts view copper as the “best positioned metal”, while aluminium and zinc prices are expected to remain rangebound, and iron ore prices “should remain supported” in the first half
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“Sirius has spent US$1.1bn on the project so far & estimates an additional US$3.1bn is needed to complete the project.”
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The rise and demise of Sirius Minerals has been one of the UK market's top stories in recent years, news that mining major Anglo American is looking to buy-out the former small-cap has naturally ruffled feathers.
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Sirius Minerals says it could recommend a takeover offer from Anglo American if it is pitched at the indicated price of 5.5p.
The company has raised the dam at the tailing facility, as required.
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Anglo American (LON:AAL) – De Beers diamond sales Centamin (LON:CEY) – Limited progress on the Endeavour Mining offer Cora Gold* (LON:CORA) – Sanankoro Scoping Study update Europa Metals Limited (LON:EUZ) – Metallurgical results from Toral
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Anglo American (LON:AAL) – De Beers diamond sales Arc Minerals* (LON:ARCM) – Arc sells Casa Mining to focus on Cheyeza copper discovery Aura Energy Limited* (LON:AURA) – Cost reduction programme
The US bank said the blue-chip miner’s current share price level, which has risen around 26% after hitting a six-month low in August, better reflected their forecast returns profile
Elsewhere the miner ramped up production by 4%, especially of its main product iron ore
The mining market is famously cyclical, and the wheel has now turned in Anglo's favour
Investors have been pulling money out of mining stocks amid fears that Chinese demand is about to slump again like it did in 2015, but Deutsche reckons that’s unlikely to happen
Some companies, like Mountain Province and Lucara can generate significant cash at these prices, but it's not easy
Investments and investor services
A look at the day's major movers, starting with Range Resources, Motif Bio, Safestyle UK, Shield Therapeutics, Anglo American and Shearwater
Anglo underlined its confidence by increasing the interim dividend by 27% on top of the buy-back.
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There were mixed messages in Mario Draghi's update on Thursday
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With a slew of corporate earnings and the European Central Bank's policy decision, Thursday will be a busy day of news
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The week ahead includes updates from ITV, Unilever, Rightmove, Diageo, Marston's, IG Group, National Express, GSK and AstraZeneca
Investments and investor services
The UK's blue-chip benchmark index closed out around 42 points lower at 7,493
The second quarter was a bit of a mixed bag, with a sharp decline in diamond and coal production, although the ramp-up in production at Minas-Rio was ahead of schedule
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Along with easyJet, there are also company updates due from Royal Mail and Anglo American, plus UK retail sales data
Investments and investor services
The UK's premier share index finished almost 26 points higher at 7,531, while FTSE 250 gained over 32 points at 19,584
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It looks set to be a busy week of corporate announcements and UK economic data
Deutsche Bank cut its rating on Ferrexpo to 'hold' from 'buy' but raised its target price to 325p from 310p.
Investments and investor services
The UK's premier share index closed down around 51 points at 7,552 on the day, but over the week as a whole the index added around 1.7%.
Investments and investor services
Carnival and Evra were the two big fallers among Footsie constituents
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Britain's blue-chip benchmark closed up nearly 86 points at 7,443, while the FTSE 250 added over 154 points at 19,311
Investments and investor services
The Dow Jones suffered a 300 point fall in the first half hour of trading
The projects are in the highly prospective Alta Floresta Belt, which is host to major miners including Anglo American and Vale.
Salazar's exploration efforts are supported by a consistent income stream
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The UK blue-chip index ended 7.78 points lower at 7,265.98, just off the day's worst level of 7,263.80 after a topsy-turvey session which saw it hit a session high of 7,314.85 early on
Cerrejon is a joint venture owned by BHP Billition (ASX:BHP), Glencore (LSE:GEN) and Anglo American (LSE:AAL) and is the tenth biggest coal mine in the world.
Production issues at De Beers’ Venetia mine, the Kumba iron ore mine and in platinum group metals were “isolated”
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The FTSE 100 index closed 37.62 points, or 0.5% lower at 7,434.13, albeit above the session low of 7,405.99 as US stocks continued to post big falls on Thursday
The FTSE 100-listed firm's shares are the most expensive of the diversified miners, JPMorgan Cazenove reckons
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Aside from Barclays numbers, the Day Ahead will also bring updates from the likes of Taylor Wimpey and RELX, plus the final CMA decision on the planned Sainsbury's/Asda merger
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After hitting a six-month high on Tuesday afternoon, London's blue-chips took a step back on Wednesday
The iron ore price remains high, following Vale's tailings dam disaster
The company recently acquired 24 tenements in the state of Matto Grosso in Central Brazil, comprising the Juruena and Novo Astro gold projects.
Investments and investor services
"Equities have been relentlessly positive all day, with the session having started off on the front foot thanks to Chinese credit growth, which rose 10.7% over the year to hit a sum equivalent to 9% of the country’s GDP," said Chris Beaucha
The diamond market has been tough in recent years but may now be improving
The company’s lithium hydroxide exceeded battery-grade standard in lab tests and may provide a complementary production strategy.
Deutsche Bank’s analysts estimate a 12-month total return of around 25% from the stock, while over the medium term, based on a 2022 exit rate, they see a blue-sky scenario of 3,000p
Investments and investor services
Footsie closed at 7,279, up nearly 45 points on the day
The Alta Floresta Belt is one of the most prospective gold exploration destinations in Brazil.
Other iron ore miners likely to benefit from increased price
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The UK blue-chip index finished down nearly 33 points lower at 7,291
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Footsie closed around 26 points higher at 7,185, while FTSE 250 added around 103 points at 19,283
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Brexit and the latest vote will likely be the main talking point, but there will be financial results too!
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Aside from Morrison's, the Week Ahead will also bring updates from housebuilder Berkeley Group, insurer Prudential and fund manager Standard Life Aberdeen
Other diamond miners like Petra and Gem may also suffer
President Trump is due to sit down for talks with Chinese Vice Premier Liu He at around 7.30pm UK time
Five of the miner's employees lost their lives in South Africa in 2018, two in each of the group’s Platinum Group Metals and Coal businesses and one in its Diamonds business
Risers on the Footsie were outnumbered 3 to 1 by fallers
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Barclays will be a highlight in Thursday's schedule.
Investments and investor services
Footsie closed down around 17 points at 7,219 but FTSE 250 added over 140 at 19,127
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Aside from the banking results, the week ahead will bring updates from other blue-chips firms such as BAE Systems, Anglo American, Pearson, and Reckitt Benckiser
Analysts at the Swiss bank pointed out that the FTSE 100-listed shares are up 14% in the year-to-date supported by higher commodity prices, and the restart of mining at Minas Rio in Brazil
The influential City broker cut its stance on blue-chip players Anglo American PLC and BHP PLC both to ‘sell’ from ‘neutral' with 23% and 18% downsides to raised valuations
JP Morgan downgraded BHP Billiton to ‘underweight’ from ‘equal weight’
Investments and investor services
The UK's premier share index added nearly 14 points to close at 7,034
Investors didn't applaud the retailer's move to give bonuses to employees who come to work routinely
Following the Feijao dam disaster, Vale announced plans to decommission 10 of their upstream tailings dams, impacting 40mln tonnes per annum of production capacity over a three-year period
Rough diamond sales were lower due to the slower movement of lower-value diamonds in the pipeline
Investments and investor services
A deceptively dull start by the Footsie gradually turned into something a bit more dramatic
Investments and investor services
The UK's premier stock index finished down nearly 24 points at 6,818
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The Day Ahead also includes updates from blue-chip wealth manager St James's Place and new Wagamama owner The Restaurant Group, plus the latest European Central Bank policy meeting
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Britain's blue-chip index closed over 58 points lower at 6,642, while the FTSE 250 was also down
Investments and investor services
The UK's blue-chip index finished down nearly seven points at 6,96, while FTSE 250 was also lower
Investments and investor services
The Week Ahead will also bring trading updates from the likes of Vodafone, Anglo American, William Hill, Dixons Carphone, and WH Smith, plus the latest UK jobs and wages data
Goldman Sachs maintained a 'buy' rating on Anglo American but cut its target price to 2,200p from 2,250p to reflect the impact of lower commodity price forecasts
A PFS found that the project in Ghana could generate US$1.4 billion free cash flow before tax.
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De Beers sales in the cycle ended December 17 represented a 22% increase on the US$442mln sold in the ninth cycle of this year
The FTSE 100-listed miner said it expected the operation to ramp up to 1.2mln tonnes per month on a wet basis and to produce approximately 16mln-19mln tonnes of iron ore in 2019
De Beers posted a 18% year-on-year rise in rough diamonds sales for in its final sales cycle of the year
The Footsie looked destined to finish well off the top but still sporting a handsome gain following a weekend of deals at the G20 and Opec meetings
The premier index of UK shares finished down nearly 59 points at 6,980. Mid-cap cousin FTSE 250 shed over 128 points at 18,480.
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some winners and losers in the UK equity market during Friday's trading session
The FTSE 250 fared much better though, adding almost 154 points on the day to close at 19,325
Anglo is still struggling to get Minas Rio back into production
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Aside from Whitbead's interim results, the day ahead will also bring updates from the likes of St James's Place, Travis Perkins, Anglo American, and Bunzl
The UK's premier index of leading shares closed down seven points, or 0.10% at 7,042
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Aside from the banking trio, updates are also due in the week ahead from the likes of WPP, Whitbread, International Airlines Group, Ryanair, Glencore and Antofagasta
