Anglo American Share Discussion Threads

[waldron] 05/6/2019 16:58

Iron Ore 98.32USD -0.07(-0.07%)
Gold COMEX 1,343.50 +0.25%
Silver COMEX 14.78 +0.04%
Copper COMEX 2.64 -1.26%
Brent Crude Oil NYMEX 60.45 -2.45%
Gasoline NYMEX 1.69 -2.20%
Natural Gas NYMEX 2.39 -1.20%
(WTI) 51.41 USD -3.07%

Rio Tinto
4,521 -1.85%

Anglo American
1,919.8 -0.81%

Glencore
259.5 -0.88%

(BHP) 1794 GBp -0.37%

[waldron] 04/6/2019 17:45

Iron Ore 98.39 USD 2.11(2.14%)
Gold COMEX 1,339.00 -0.02%
Silver COMEX 14.77 +0.17%
Copper COMEX 2.67 +0.64%
Brent Crude Oil NYMEX 61.78 +0.82%
Gasoline NYMEX 1.72 -1.13%
Natural Gas NYMEX 2.43 +1.08%

Rio Tinto
4,606 +0.24%

Anglo American
1,935.4 +0.82%

Glencore
261.8 +1.97%

(BHP) 1800.9 GBp +0.16%

[waldron] 03/6/2019 17:05

Iron Ore 96.28 USD -2.48(-2.58%)

Gold COMEX 1,334.70 +0.91%
Silver COMEX 14.73 +1.08%
Copper COMEX 2.65 +0.30%
Brent Crude Oil NYMEX 61.81 -0.29%
Gasoline NYMEX 1.76 -0.73%
Natural Gas NYMEX 2.40 -2.40%
(WTI) 53.63 USD +1.53%







Rio Tinto
4,595 +1.29%


Anglo American
1,919.6 +1.30%

Glencore
256.75 +0.82%

(BHP) 1801.7 GBp +0.96%

[waldron] 02/6/2019 06:49

Russia Holds Rare Earths But Mines Little. That's Changing
By Yuliya Fedorinova
31 mai 2019 à 15:10 UTC+2 Updated on 1 juin 2019 à 01:05 UTC+2

The country holds some of the biggest rare-earth reserves
But its projects have faced several setbacks in development

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ROSTH
ROSTEC STATE CORP
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CHEP
CHELPIPE
153.00
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+1.00+0.66%

With rare earths in the cross hairs of the U.S.-China trade war, there’s a sharp focus on who else can sell the critical minerals.

Russia could become one supplier. The country accounts for less than 2% of global production, but owns the world’s fourth-biggest reserves, according to the U.S. Geological Survey. There are two projects that could come online by 2023, but they’ve been set back by delays.

President Vladimir Putin has pushed Russia to develop its own rare earth production, calling it an issue that’s "critically important to the defense capability of the country." He’s previously said Russia ranks second in total reserves around the world.

"Despite the fact that the projects are difficult and being postponed, the supplies are unlikely to reach the U.S.," said Boris Krasnojenov, chief of research at Alfa Bank JSC in Moscow.

Read: China Has Rare Earths Plan Ready to Go If Trade War Deepens

The biggest one is run by TriArk Mining Co., a venture owned by Russian billionaire Alexander Nesis and Russian state-owned giant Rostec State Corp., which is under U.S. sanctions. It’s developing a project in Russia’s Far East that hopes to produce 14,000 tons of ferroniobium and 16,000 tons of rare earth metals oxides a year, said spokesman Andjey Krasutsky. That would account for 10% of global production, according to the company.

TriArk expects to mine the first material from the Tomtor deposit in 2022 and have product ready to sell by the following year. However, the site has faced several delays because of difficulties extracting the ore.

"Given the timing of the project and the dynamic situation in the market and in the world," it’s too early to tell if Tomtor will be able to sell rare earth to the U.S., Krasutsky said.

Andrey Korobov, the head of Rostec’s RT-Business Development, said in an interview in 2015 that the plant will make Russia self-sufficient in rare-earth elements used in wind turbines and hybrid cars. Exports to Japan and China might be an option, he said.

The second, smaller rare-earth project is being developed by ZAO Technoinvest Alliance, which is partially owned by steel pipe maker ChelPipe PJSC. The goal is to extract tantalum and niobium as well as oxides of rare earth metals from the Zashikhinskoye deposit in the Irkutsk region and use some of the materials in pipe making. The project aims to process 1 million tons of ore per year. In January, the regional government said plant opening was delayed to 2023, according to Tass.

— With assistance by Elena Mazneva

[waldron] 31/5/2019 17:15

Iron Ore 98.76USD 0.04(0.04%)


Gold COMEX 1,317.70 +1.04%
Silver COMEX 14.58 +0.58%
Copper COMEX 2.65 -0.19%
Brent Crude Oil NYMEX 63.44 -2.89%
Gasoline NYMEX 1.80 -2.89%
Natural Gas NYMEX 2.48 -2.55%
(WTI) 55.05 USD -1.70%



Rio Tinto
4,536.5 -2.34%


Anglo American
1,895 -2.02%


Glencore
254.65 -2.06%

(BHP) 1785.4 GBp -1.36%

[waldron] 30/5/2019 17:03

Iron Ore 98.72 USD 0.13(0.13%)

Gold COMEX 1,286.30 +0.41%
Silver COMEX 14.50 +0.62%
Copper COMEX 2.65 -0.41%
Brent Crude Oil NYMEX 66.24 -2.40%
Gasoline NYMEX 1.87 -2.46%
Natural Gas NYMEX 2.54 -3.28%
(WTI) 57.89 USD -1.91%


Rio Tinto
4,645 +0.00%


Anglo American
1,934 +1.41%


Glencore
260 +0.58%


(BHP) 1810 GBp +0.56%

[waldron] 29/5/2019 17:01

Rio Tinto
4,647 -2.70%


Anglo American
1,908.6 -2.24%



Glencore
258 -0.79%

(BHP)
1800.1 GBp -1.85%



Iron Ore 98.59 USD 0.21(0.21%)
04:43:00 AM


Gold COMEX 1,281.40 +0.34%
Silver COMEX 14.40 +0.56%
Copper COMEX 2.66 -1.17%
Brent Crude Oil NYMEX 67.13 -2.24%
Gasoline NYMEX 1.90 -2.05%
Natural Gas NYMEX 2.64 +2.17%

(WTI) 57.28 USD -2.75%

[waldron] 27/5/2019 16:56

Gold COMEX 1,284.40 +0.06%
Silver COMEX 14.56 +0.00%
Copper COMEX 2.71 +0.44%
Brent Crude Oil NYMEX 69.76 +1.56%
Gasoline NYMEX 1.94 +1.29%
Natural Gas NYMEX 2.58 -1.30%

hoping for a move up tomorrow

[waldron] 24/5/2019 18:46

Rio Tinto
4,642 +1.14%


Anglo American
1,944 +2.26%


Glencore
261 +0.52%

(BHP) 05/24 11:30:00 am
1800.10 GBp +2.43%


Gold COMEX 1,283.70 -0.13%

nice end to week

Silver COMEX 14.55 -0.43%
Copper COMEX 2.70 +0.71%
Brent Crude Oil NYMEX 68.38 +0.91%
Gasoline NYMEX 1.90 +0.48%

[la forge] 24/5/2019 13:13

RBC Capital Markets Top pick TARGET UP FROM 2,250.00 TO 2,350.00 Reiterates

[waldron] 23/5/2019 17:01

Rio Tinto
4,589.5 -1.83%


Anglo American
1,901 -0.74%

Glencore
259.65 -2.55%

(BHP) - 05/23 04:30:00 pm
1759.8 GBp -1.51%

Gold COMEX 1,285.60 +0.89%
Silver COMEX 14.61 +1.11%
Copper COMEX 2.68 -0.06%
Brent Crude Oil NYMEX 67.89 -4.37%
Gasoline NYMEX 1.89 -3.87%
Natural Gas NYMEX 2.57 +0.55%


WHAT A GREY DAY

ANGLO SEEMS TO BE HOLDING UP BETTER THAN THE REST

[waldron] 22/5/2019 17:02

Rio Tinto
4,672 +0.75%


Anglo American
1,919.6 -1.18%


Glencore
267 -2.29%

our GLEN is getting hammered

EVERYTHING BEING INPUT INTO THE glen PRICE, EVEN THE PROVERBIAL KITCHEN SINK

SUPPORT 250p AND BUYBACKS UNDERPINNING AT PRESENT BUT STILL IN THE 250 TO 280p box

(BHP) - 05/22 04:30:00 pm
1789.5 GBp -0.03%


Gold COMEX 1,275.70 +0.20%
Silver COMEX 14.45 +0.28%
Copper COMEX 2.67 -1.51%
Brent Crude Oil NYMEX 70.78 -1.94%
Gasoline NYMEX 1.96 -1.73%
Natural Gas NYMEX 2.57 -1.61%


if glencore really knows something about trading and hedging this downward trend might well have been overdone

[grupo] 22/5/2019 08:10

theguardian


BHP warns investors coal could be phased out 'sooner than expected'

Mining giant loses its appetite for thermal coal and will turn instead to oil, copper and nickel

Australian Associated Press

Wed 22 May 2019 07.45 BST

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The Caval Ridge coalmine in Queensland. BHP is rethinking its resources portfolio because ‘the world will be a very different place in 10 to 20 years’ time’
The Caval Ridge coalmine in Queensland. BHP says it’s rethinking its resources portfolio because ‘the world will be a very different place in 10 to 20 years’ time’. Photograph: Dan Peled/AAP

BHP is looking to add more oil, copper and nickel resources to its portfolio, while souring on thermal coal because it thinks the fossil fuel will be phased out, “potentially sooner than expected”.

BHP’s chief financial officer, Peter Beaven, told investors and analysts in a strategy briefing on Wednesday that “the world will be a very different place in 10 to 20 years’ time” and the global miner must be thoughtful about the risks and opportunities.

Beaven said the the miner believed that electrification of transport and the decarbonisation of stationary power were two strategic themes going forward.

As such, BHP believes that copper and nickel – used in electric vehicles – are sound investments, a turnaround from its stance of a few years ago when it was trying to sell off its Nickel West project in Western Australia.
Coal industry urges re-elected Morrison government to build new coal plants
Read more

But even with the trend towards electric vehicles, BHP forecasts that the decline in existing oil fields ensures that new capacity will be required.

“It is likely that attractive rent will continue to be available for well-placed assets,” Beaven said.

BHP is looking to develop oil projects in the US, the Gulf of Mexico and Canada, Beaven said.

It is also interested in finding another nickel resource in WA and expanding its existing copper projects, in South Australia, Arizona and Ecuador.

But BHP has “no appetite for growth in energy coal regardless of asset attractiveness”;, the company said in a briefing slide.

BHP has two high-quality thermal coal mines that generate high margins – the Mt Arthur Coal mine in New South Wales and the Cerrejón mine in Colombia, in which BHP holds a one-third stake – but Beaven suggested they could be sold.

“Our focus will be on maximising value to shareholders, whether we are long-term owners or not,” he said.

BHP forecasts that metallurgical coal, used in steelmaking and mined by BHP in central Queensland, will still offer the company attractive returns, as will its iron ore operations.
BHP and Rio Tinto join push for Indigenous voice to parliament
Read more

But there’s a possibility that gas will be leapfrogged by emerging markets as they opt for renewable energy, Beaven said.

BHP also sees potash, used in fertiliser, as a valuable asset in the long-term as food insecurity drives increased need for potassium.

But Beaven said developing BHP’s substantial potash resource in Saskatchewan, Canada doesn’t yet pass risk-return hurdles, given the large investment required.

In other resources, the abundant supply of lithium means BHP isn’t interested in the asset, and the miner foresees that cobalt will lose share to nickel.

[grupo] 22/5/2019 07:42

AAL RBC Capital Markets Outperform 2,250.00 - Reiterates

[waldron] 21/5/2019 17:03

Rio Tinto
4,637 -0.84%

Anglo American
1,942.6 +0.49%

Glencore
273.25 +0.09%

(BHP) - 05/21 04:30:00 pm
1786 GBp -0.31%

Gold COMEX 1,273.90 -0.27%
Silver COMEX 14.43 -0.10%
Copper COMEX 2.72 -0.40%
Brent Crude Oil NYMEX 71.83 -0.19%
Gasoline NYMEX 1.99 +0.07%
Natural Gas NYMEX 2.61 -2.28%

[grupo] 21/5/2019 09:54

BLOOMBERG


The Global Diamond Glut Worsens
By Thomas Biesheuvel
21 mai 2019 à 09:31 UTC+2

The producer’s latest sales dropped 25% from a year earlier
Diamond industry is struggling, especially in smaller gems

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1:31
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AAL
ANGLO AMER PLC
1,946.80
GBp
+13.60+0.70%
RIO
RIO TINTO PLC
4,667.00
GBp
-9.50-0.20%
INR
Indian Rupee Spot
69.7813
INR
+0.0401+0.0575%

De Beers recent diamond sales fell to the lowest since 2017 in the latest sign of difficulties plaguing the global industry.

The Anglo American Plc unit sold just $415 million of gems in its fourth sale of the year, down 25% from a year earlier. While it’s often a quieter time of the year -- as the industry has restocked after key holiday sales -- the total so far in 2019 is still much weaker than in previous years.
De Beers Sales Slump

Source: De Beers

Diamond miners are struggling across the board, especially those producing cheaper and smaller gems where there is too much supply. In December, some of Rio Tinto Group’s customers refused to buy cheaper stones, while De Beers was forced to cut prices toward the end of last year and offer concessions to buyers.

Still, De Beers has held prices relatively stable so far this year. That has led to customers declining to take up all the stones they’d previously agreed to buy as they struggle to make a profit at current prices. A shortage of finance, a weak Indian rupee and stagnant end demand has made it difficult for De Beers’s customers to make a return.

"Cycle four saw lower rough-diamond sales against a backdrop of macroeconomic uncertainty, and as we enter a seasonally slower period for the industry with Indian factories closing temporarily for the traditional holiday period,” De Beers Chief Executive Officer Bruce Cleaver said in a statement.

De Beers sells gems at 10 sales a year in Botswana to a select group of customers. The buyers are expected to specify the number and type of diamonds they want, and then carry out the purchases at a price set by De Beers.

[grupo] 21/5/2019 09:07

Anglo American PLC's (AAL.LN) majority-owned De Beers Group on Tuesday reported a fall in rough diamond sales for the fourth sales cycle of the year, citing a backdrop of macroeconomic uncertainty.

De Beers--which reports on 10 sales cycles each year--sold $415 million of rough diamonds in the fourth cycle of the year compared with $554 million for the same cycle in 2018.

In the third cycle of 2019, De Beers sold $581 million of rough diamonds.

"Cycle four saw lower rough diamond sales against a backdrop of macroeconomic uncertainty, and as we enter a seasonally slower period for the industry with Indian factories closing temporarily for the traditional holiday period," De Beers Chief Executive Bruce Cleaver said.



Write to Ian Walker at [e-mail]



(END) Dow Jones Newswires

May 21, 2019 02:33 ET (06:33 GMT)

[waldron] 20/5/2019 17:01

Rio Tinto
4,676.5 +0.07%


Anglo American
1,933.2 -1.59%


Glencore
273 -1.34%

(BHP) - 05/20 04:30:00 pm
1791.7 GBp -0.17%


Gold COMEX 1,277.40 +0.13%
Silver COMEX 14.44 +0.33%
Copper COMEX 2.73 -0.44%
Brent Crude Oil NYMEX 72.37 +0.22%
Gasoline NYMEX 2.01 -0.44%
Natural Gas NYMEX 2.67 +1.60%

[maywillow] 20/5/2019 10:27

For Anglo American, Liberum saw the firm disproportionately benefiting from disruptions to the seaborne iron ore market from both a price perspective and lower freight rates, leading it up it from 'sell' to 'buy' also and raise its price target from £14 to £22.

[maywillow] 20/5/2019 10:15

Anglo American PLC AAL UBS Sell 1,800.00 -target Unchanged

now thats a surprise
i thought diamonds were forever

certainly differ from credit suisse target of 2700


current share price but not a flinch from RIO

Rio Tinto
4,673 +0.00%

Anglo American
1,928.6 -1.82%

Glencore
272.5 -1.52%

bhp 1783 GBp -0.66%



Anglo American is one of the world's leading mining groups. Net sales break down by product family as follows:

- diamonds (20.4%);

- iron ore (15.7%): 41.5 million tons produced in 2017;

- copper (14.4%): 579,300 tons produced;

- thermal coal (13.4%): 73.9 million tons produced ;

- metallurgical coal (11.7%): 19.7 million tons produced;

- platinum (8.6%): 2.5 million ounces produced;

- nickel (2.5%): 43.8 tons produced;

- rhodium (3.3%);

- manganese and alloys (1.1%);

- other (4%).

Net sales are distributed geographically as follows: the United Kingdom (5.5%), Europe (12.2%), China (22.5%), India (12.7%), Japan (9.2%), Asia (19.2%), Africa (6.5%), Africa (6%), Chile (1.5%), Brazil (1.5%), South America (0.1%), North America (3%) and Australia (0.1%).

[la forge] 19/5/2019 16:19

again cheers man

have a great week

[cpap man] 19/5/2019 16:18

KAV



Some nice words in the morning note from the highly respected mining analyst John Meyer at share price Angel ref: LSE:KAV / www.kavangoresources.com /Tw*tt*r = #KAV



Kavango Resources (KAV LN) 3.6p, Mkt Cap £5.7m – Laws of probability to be rewritten after Kavango strikes mineralisation in first and second drill holes under Karoo sand in Botswana

Kavango, which is exploring for a large-scale bushveld igneous-type mineralisation reports results from a second drill hole in Botswana.

The team which are highly experienced in the geology of the region have used geophysical data and remote sensing to establish drilling locations.

Remarkably, the first drill hole hit mineralisation under the sandy Karoo sediments
Even more remarkably the second drill hole is reported to have also hit mineralisation including copper in chalcopyrite with a 1.5% XRF gun reading. X-Ray Frequency gun readings are not considered to be reliable due to their potential for miss-reporting but we do place some value on the readings when in the honorable hands of Messrs. Foster and Moles.

The first drill hole hit a 200m zone of intensely altered rock with indicative cobalt values of up to 0.9%, averaging 0.2% cobalt and >70m of elevated copper, zinc, lead and nickel values.

Conclusion: Kavango is worth watching and we await results from drill core assays. While we never doubted the skill of the geological team we are surprised and impressed to see two sets of mineralised results in so short a time frame. Well done team!