Anglo American Share Discussion Threads

[adrian j boris] 30/7/2019 08:42

Anglo American PLC (AAL.LN) said Tuesday that its majority-owned De Beers Group has experienced a fall in rough diamond sales for the sixth sales cycle of the year, citing continued macroeconomic uncertainty among other reasons.

The diversified mining company said diamond producer De Beers--which reports on 10 sales cycles each year--sold $250 million of rough diamonds in the sixth cycle of the year compared with $533 million for the same cycle in 2018.

In the fifth cycle of 2019, De Beers sold $391 million of rough diamonds.

De Beers CEO Bruce Cleaver said: "With ongoing macroeconomic uncertainty, retailers managing inventory levels, and polished diamond inventories in the midstream continuing to be higher than normal, De Beers Group provided customers with additional flexibility to defer some of their rough diamond allocations to later in the year. As a result, we saw a reduction in sales during the sixth cycle of 2019."



Write to Oliver Griffin at [e-mail]; @OliGGriffin



(END) Dow Jones Newswires

July 30, 2019 03:13 ET (07:13 GMT)

[waldron] 29/7/2019 16:58

RNS Number : 9389G

Anglo American PLC

29 July 2019



Anglo American plc (the "Company")
Registered office: 20 Carlton House Terrace, London SW1Y
5AN
Registered number: 3564138 (incorporated in England and
Wales)
Legal Entity Identifier: 549300S9XF92D1X8ME43
Transaction in Own Shares



Anglo American plc announces that it has purchased the following number of its ordinary shares of US$0.54945 each on Exchange (as defined in the Rules of the London Stock Exchange) from Morgan Stanley & Co International plc ("Morgan Stanley") as part of its buyback programme announced on 25 July 2019 (the "Programme").


Date of purchase: 26 July 2019
Number of ordinary shares
US$0.54945 each purchased: 330,584
-------------
Highest price paid per share GBP21.10
(GBP):
-------------
Lowest price paid per share GBP20.60
(GBP):
-------------
Volume weighted average price GBP20.88
paid per share (GBP):
-------------


Anglo American will cancel the purchased shares.

Full details of the transactions, in aggregated and detailed form, are available at www.angloamerican.com/investors/shareholder-information/share-purchase-transactions.

Ellie Klonarides

Deputy Company Secretary

Anglo American plc

29 July 2019

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

POSUNRBRKAABUAR

(END) Dow Jones Newswires

July 29, 2019 02:00 ET (06:00 GMT)

[waldron] 29/7/2019 16:56

Iron Ore 120.02USD -0.09(-0.07%)
Gold COMEX 1,419.00 -0.02%
Silver COMEX 16.41 +0.08%
Platinum NYMEX 880.70 +1.49%
Copper COMEX 2.71 +1.08%
Brent Crude Oil NYMEX 63.26 -0.17%
Gasoline NYMEX 1.81 -0.73%
Natural Gas NYMEX 2.11 -2.00%
(WTI) 56.19 USD +0.38%



Rio Tinto
4,681.5 +1.65%

Bhp
1,993.8 +1.98%

Anglo American
2,113 +0.71%

Glencore
275.2 +1.14%

[sarkasm] 28/7/2019 08:03

As electric vehicle production ramps up worldwide, a supply crunch for battery materials is looming

Published Fri, Jul 26 2019 12:55 AM EDT
Stella Soon
@stellasjy




Key Points

As car manufacturers ramp up production of electric cars, metals used to make the vehicles’ batteries may face a supply crunch by the mid-2020s, according to a Wood Mackenzie report released Wednesday.

Lithium, cobalt, and nickel supplies are expected to be worst hit.



As car manufacturers ramp up production of electric cars, the metals used to make the vehicles’ batteries may face a supply crunch in the next few years, according to a new report.

Lithium, cobalt, and nickel supplies are expected to be worst hit, the Wednesday report from energy consulting and research firm Wood Mackenzie. That’s as analysts predict a boom in electric vehicle use over the next three decades, but cite limited new metal production.

For now, supplies of those three metals are enough to meet demand, according to Gavin Montgomery, research director at Wood Mackenzie. But short-term market prices of those metals have fallen, and that will deter producers from increasing supply to meet future demand, he added.

In fact, in the next few years, demand for the metals is expected to grow so rapidly — as car producers make more electric vehicles — that suppliers won’t be able to keep up, Montgomery noted.

Montgomery isn’t the only one predicting a future supply crunch.


“It’s dawning on North America and Europe that there’s a raw materials issue that needs to be addressed here,” leading metals company CleanTeQ’s chief executive officer, Sam Riggall, told Bloomberg in early July.

Furthermore, limited amounts of lithium, cobalt, and nickel exist on Earth, so there may simply not be enough to meet car manufacturers’ future demand.

“Getting the quantity of nickel that (electric vehicles) will need by the mid-2020s will be a challenge ... with lead times often up to 10 years, investment needs to happen now,” said Montgomery.

Car buyers’ shifting tastes partly explain why manufacturers are demanding more of those metals. Customers have been turning toward electric vehicles, rather than traditional gasoline-powered ones, in recent years.


In 2018, global electric vehicle sales were up 64% from 2017, sales database EV-volumes.com found.

Wood Mackenzie said it expects electric vehicle sales to continue rising. In fact, by 2025, electric vehicles will make up 7% of all passenger car sales, according to Montgomery. By 2040, that figure will hit 38%, he predicted.

Currently, electric vehicles only make up 0.5% of the world’s vehicle fleet, Bloomberg estimated in a 2019 forecast. But, as Montgomery predicted, “most automotive manufacturers plan to go completely electric by 2050.”

Despite the predictions of a supply crunch for the likes of nickel, lithium and cobalt, the global supply for graphite and manganese, two other metals required for electric vehicle batteries, is expected to be sufficient.

[waldron] 26/7/2019 17:30

SEEMS TO BE HAVE MANAGED TO END THE WEEK IN THE 2000 to 2200p BOX

HAVE A GREAT WEEKEND

AH REFRESHING RAIN AT LAST









Last Signal: STAY LONG
Last Close:
2,187.00
Change:
0.0000
Percent change
0.00%

Signal Update

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 22/07/2019, 3 days ago, when the stock price was 2,240.00. Since then AAL.L has fallen by -2.37%.

Market Outlook

The market is uncertain with a negative tilt. The traders seem to be in disagreement. The negative sentiment, however, is increasing as evident from the last bearish pattern. So, it is better to be on alert. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop loss. more...

[waldron] 26/7/2019 16:59

Iron Ore 120.11 USD 0.02(0.02%)
Gold COMEX 1,417.80 +0.22%
Silver COMEX 16.41 -0.01%
Platinum NYMEX 865.20 -1.01%
Copper COMEX 2.69 -0.59%
Brent Crude Oil NYMEX 63.68 +0.46%
Gasoline NYMEX 1.82 -0.08%
Natural Gas NYMEX 2.15 -3.50%
(WTI) 56.05 USD -0.04%


Rio Tinto
4,605.5 +0.66%


Bhp
1,955 -0.15%


Anglo American
2,098 -4.07%


Glencore
272.1 -1.34%

[foxy22] 26/7/2019 14:28

Hsbc raises share price to 2640

[grupo] 26/7/2019 14:14

For 1 billion euros you need 1.5 billion dollars. For 1 billion dollars you need 0.666 billion euros.


666 million euros

hope this clarifies things

[casket1] 26/7/2019 13:00

Could someone please correct me if i'm wrong as english & american 1 billion have a different number of 000's Does the 24.7m shares being disposed of by Volcan equate to only $.5b of the proposed $1.0b share buy-back ?

[maywillow] 26/7/2019 08:19

they should have started the buybacks today perhaps

[maywillow] 26/7/2019 08:16

Cheers foxy

thats a lot of volume

try and have a good day and weekend

[foxy22] 26/7/2019 08:08

Argawal pulls out of Anglo sells stakeDown 4%Noticed large sales going through yesterday..someone knew!

[grupo] 26/7/2019 07:04

Liberum Capital Hold 2,200.00 - Downgrades


UBS Sell 1,800.00 - Unchanged


Deutsche Bank Buy 2,500.00 - Reiterates



RBC Capital Markets Top pick 2,500.00 - Reiterates

[maywillow] 26/7/2019 06:06

The Times (Tempus share tips): BUY Anglo American;

[waldron] 25/7/2019 16:50

Iron Ore 120.09USD -0.16(-0.13%)
Gold COMEX 1,419.00 -0.32%
Silver COMEX 16.52 -0.64%
Platinum NYMEX 875.00 -0.69%
Copper COMEX 2.72 +0.17%
Brent Crude Oil NYMEX 63.77 +0.93%
Gasoline NYMEX 1.83 +1.53%
Natural Gas NYMEX 2.22 +0.95%
(WTI) 56.48 USD +0.91%

Rio Tinto
4,579.5 -0.59%

Bhp
1,957.2 -0.18%

Anglo American
2,188 +0.05%

Glencore
276.6 -0.25%

[waldron] 25/7/2019 15:32

Anglo American PLC (AAL.LN) reported its financial results for the first half of 2019 on Thursday. Here's how the results came in:



REVENUE: The diversified miner reported first-half revenue, including contributions from associates and joint ventures, of $15.87 billion, beating a consensus estimate of 12 analysts, compiled by Vuma Consensus, that forecast revenue at $14.65 billion. Statutory revenue, which strips out contributions from associates and joint ventures, came in at $14.77 billion.



UNDERLYING EBITDA: Anglo American reported underlying earnings before interest, taxes, depreciation and amortization of $5.45 billion, beating a Vuma-compiled consensus that forecast underlying Ebitda at $5.16 billion. In the year-earlier period, Anglo American reported underlying Ebitda of $4.58 billion.



WHAT WE WATCHED:

-DIAMONDS: As expected, Anglo American's De Beers diamond miner reported a fall in underlying Ebitda, which came in at $518 million. This was lower than a Vuma-compiled forecast, which had predicted underlying Ebitda of $545 million for the first half of the year.

-DIVIDEND INCREASE: Anglo American raised its interim dividend to 62 cents a share, up from 49 cents a share previously. While representing an increase of 27%, the dividend increase was below UBS analysts' estimates, which had hoped for 73 cents a share. However, the company also surprised by launching a buyback program to purchase up to $1 billion of its shares.



Shares at 1307 GMT were up 0.2% at 2,190.5 pence.



Write to Oliver Griffin at [e-mail]; @OliGGriffin



(END) Dow Jones Newswires

July 25, 2019 09:23 ET (13:23 GMT)

[la forge] 25/7/2019 13:09

Thursday 25 July 2019 11:29 am
Anglo American kicks off $1bn share buyback as earnings jump
Share

Sebastian McCarthy
Chief City reporter covering banking, insurance, deals and exchanges. Email stories to [e-mail]

Anglo American put a smile on the face of investors this morning after posting a better-than-expected rise in earnings and launching a $1bn ($800m) buyback.

The mining giant raised its dividend payout by almost 30 per cent after underlying earnings before interest, tax, depreciation and amortisation (Ebitda) rose 19 per cent to $5.45bn in the first half of 2019.

Read more: British Gas owner Centrica to cut dividend

Strong prices for iron ore and the platinum group metals boosted the firm’s performance in the six months to June, despite a fall in values for coal, copper and ni

[foxy22] 25/7/2019 08:25

Excellent results...dividend hike and buyback!Bouncing.....

[ariane] 25/7/2019 08:13

Anglo American PLC (AAL.LN) on Thursday said that its board has approved a project to extend the life of underground hard-coking coal operations at the Grasstree mine in Queensland, Australia.

The diversified miner said the life of the project will be extended by six years to 2028, with development work slated to start in September this year.

Anglo American said the attributable cost of the development will be $226 million and will deliver average annual saleable production of 3.5 million metric tons of coal.



Write to Oliver Griffin at [e-mail]; @OliGGriffin



(END) Dow Jones Newswires

July 25, 2019 02:54 ET (06:54 GMT)

[waldron] 24/7/2019 16:57

Iron Ore 120.25 USD -0.17(-0.14%)
Gold COMEX 1,423.20 +0.11%
Silver COMEX 16.59 +0.69%
Platinum NYMEX 878.20 +1.93%
Copper COMEX 2.71 +0.35%
Brent Crude Oil NYMEX 64.15 +0.50%
Gasoline NYMEX 1.83 +0.62%
Natural Gas NYMEX 2.20 -3.16%
(WTI) 56.91 USD -0.25%


Rio Tinto
4,606.5 -4.60%


Bhp
1,960.8 -4.00%


Anglo American
2,187 -3.25%


Glencore
277.3 +0.64%

[foxy22] 24/7/2019 14:58

Anglos results tomorrow...maybe there will be a bounce with results.....

[waldron] 23/7/2019 16:45

Iron Ore 120.42 USD 0.41(0.34%)
Gold COMEX 1,420.80 -0.43%
Silver COMEX 16.42 +0.02%
Platinum NYMEX 856.90 +0.49%
Copper COMEX 2.70 -0.84%
Brent Crude Oil NYMEX 63.11 -0.24%
Gasoline NYMEX 1.80 +0.74%
Natural Gas NYMEX 2.28 -0.74%
(WTI) 56.19 USD +0.16%

Rio Tinto
4,840.5 +0.47%


Bhp
2,044 +0.66%


Anglo American
2,262.5 +1.00%


Glencore
275.9 +1.32%