Anglo American Share Discussion Threads

[florenceorbis] 09/12/2019 09:27

Deutsche Bank Buy 2,400.00 - Reiterates

[waldron] 06/12/2019 17:07

Iron Ore 88.56USD 0.22(0.25%)
Gold COMEX 1,464.90 -1.23%
Silver COMEX 16.62 -2.57%
Platinum NYMEX 897.60 -0.33%
Copper COMEX 2.72 +2.10%
Brent Crude Oil NYMEX 64.32 +1.47%
Gasoline NYMEX 1.65 +1.63%
Natural Gas NYMEX 2.35 -1.96%
(WTI) 59.13 USD +1.37%


Rio Tinto
4,216.5 +2.11%

Bhp
1,703.8 +2.54%

Anglo American
2,068 +2.43%

Glencore
220.15 +1.50%

[waldron] 05/12/2019 17:02

Iron Ore 88.34 USD 0.07(0.08%)
Gold COMEX 1,484.40 +0.28%
Silver COMEX 17.04 +0.73%
Platinum NYMEX 903.60 +0.20%
Copper COMEX 2.66 +0.19%
Brent Crude Oil NYMEX 63.41 +0.65%
Gasoline NYMEX 1.62 +0.95%
Natural Gas NYMEX 2.41 +1.43%
(WTI) 58.64 USD +0.39%


Rio Tinto
4,129.5 -1.20%

Bhp
1,661.6 -1.62%

Anglo American
2,019 -1.44%

Glencore
216.9 -9.00%

[ariane] 05/12/2019 12:10

Anglo American PLC AAL UBS Sell 1,800.00 Unchanged

[waldron] 04/12/2019 17:34

Iron Ore 88.27 USD 0.62(0.70%)
Gold COMEX 1,479.40 -0.34%
Silver COMEX 16.92 -1.90%
Platinum NYMEX 903.30 -0.91%
Copper COMEX 2.66 +1.41%
Brent Crude Oil NYMEX 63.32 +4.11%
Gasoline NYMEX 1.61 +3.19%
Natural Gas NYMEX 2.36 -2.00%
(WTI) 58.4 USD +3.53%


Rio Tinto
4,179.5 +0.12%

Bhp
1,689 +0.87%

Anglo American
2,048.5 +1.61%

Glencore
238.35 +1.15%

[waldron] 03/12/2019 17:21

Iron Ore 87.6USD -0.46(-0.52%)
Gold COMEX 1,485.70 +1.12%
Silver COMEX 17.24 +1.59%
Platinum NYMEX 912.20 +1.39%
Copper COMEX 2.63 -0.92%
Brent Crude Oil NYMEX 60.87 -0.08%
Gasoline NYMEX 1.57 -0.25%
Natural Gas NYMEX 2.42 +4.94%
(WTI) 55.99 USD -0.07%

Rio Tinto
4,174.5 -1.31%

Bhp
1,674.4 -2.58%

Anglo American
2,016 -1.30%

Glencore
235.65 -3.74%

[waldron] 02/12/2019 17:11

Iron Ore 88.11USD 3.43(3.89%)
Gold COMEX 1,469.60 -0.21%
Silver COMEX 17.02 -0.53%
Platinum NYMEX 902.50 +0.23%
Copper COMEX 2.66 -0.04%
Brent Crude Oil NYMEX 61.21 +1.19%
Gasoline NYMEX 1.59 +0.18%
Natural Gas NYMEX 2.30 +1.59%
(WTI) 56.07 USD +0.47%


Rio Tinto
4,230 +0.68%

Bhp
1,718.8 +0.51%

Anglo American
2,042.5 +0.79%

Glencore
244.8 +0.37%

[sarkasm] 02/12/2019 11:17

One for grumpy




ORAPA, Botswana -- De Beers is facing up to a tough reality: The world's diamond deposits won't last forever.

[waldron] 29/11/2019 17:14

Iron Ore 84.68USD 0.26(0.31%)
Gold COMEX 1,470.40 +0.57%
Silver COMEX 17.08 +0.29%
Platinum NYMEX 899.10 +0.46%
Copper COMEX 2.66 -0.60%
Brent Crude Oil NYMEX 60.82 -3.92%
Gasoline NYMEX 1.61 -4.69%
Natural Gas NYMEX 2.34 -5.77%
I (WTI) 55.62 USD -4.22%


Rio Tinto
4,201.5 -1.60%

Bhp
1,710 -1.97%

Anglo American
2,026.5 -1.31%

Glencore
243.9 -1.61%

[waldron] 28/11/2019 17:34

Market News & Analysis
Latest News

Top Story
Anglo shares poised to keep outpacing FTSE rivals

Ken Odeluga November 28, 2019 4:10 PM
Share:

Measured iron ore exposure and modest valuation are key

Anglo American, the £26bn mining group, continues to outpace FTSE 100 rivals after a volatile year for basic resource suppliers. Note that Anglo was also among only a handful of large-cap shares with a high-positive score in our recent technical analysis screen, that aimed to discover UK shares with the most, and least, promising medium-term outlooks. Broadly improved appetite for risk over the last couple of months or so has provided firmer ground for the sector, though not before a trade deal began to unravel in May, coinciding with a deepening downturn in China, the world’s biggest consumer of base metals. Now, Anglo trades 17% higher in 2019. That compares with an 8% year-to-date advance by the FTSE 350 mining index, but both price returns have been ravaged by 2019 challenges. Anglo pulled almost 50% higher for the year in mid-June. The FTSE 350 mining index saw its best levels around a couple of months earlier, rising about 23%.

After the slump, most UK-listed base metal shares have drifted higher, though it’s been a grind. For most, the main hope is that getting a ‘phase one’ deal over the line—eventually—will help put a floor under demand for copper, iron ore, aluminium and other heavy minerals. There’s little certainty in the demand outlook though. For Anglo, the fundamental horizon is just as ambivalent. The group pivoted back to metallurgical and coking coal in 2018, but has had to change track this year as production economics shifted again.

Anglo American Plc. minerals by revenue – FY 2018

Source: Bloomberg/City Index

The rise of precious metal prices this year, in the wake of gold, which also underpinned diamond prices, helped Anglo’s stock outperform shares of iron ore-focused giants like Rio and BHP. Ironically, Anglo has more recently been ramping iron ore production, with an exponential 94.9% year-on-year surge in 2019’s first half. Production stood at 21.6% of revenues by July vs. 11.7% a year before. And it is iron ore demand that looks best supported in coming months. Drivers include port inventories from China that began to turn lower at the beginning of Q4, according to Bloomberg data, together with a pick-up in infrastructure investment. Bloomberg also cites a 20 million metric ton deficit in 2019. However, an expected supply-side normalisation in China may weigh from Q2 2020. If seen, Anglo’s measured iron ore exposure would remain an advantage.

Readings aren’t so bright for Anglo’s current chief revenue generator met coal, with uncertainty over shipments to China into 2020 after quotas prevailed throughout October. South Africa, Anglo’s main coal producing country, saw flat volumes at the end of Q3. Diamond production fell 15.7% on the year, the fifth straight monthly fall. Platinum output also weakened.

A picture emerges of a better-diversified and nimbler miner than its FTSE 100 rivals, helping explain the stock’s outperformance. A huge gap in total return versus peers—37.4% over the last year against the FTSE All-Share Mining Index’s 11.3%—is another factor, though bear in mind it partly reflects an outsize $1bn buyback announced in July. At the same time, Anglo trades below counterparts on a number of valuation models. For example its 4.6x ratio of market value over underlying earnings (EV/EBITDA) trails the peer group average by 37%. Still, after the battering the industry received over the past year, most stocks trade below historical averages. Furthermore, after sharp stock price declines rivals’ higher multiples can deceive. Combined with a better optimised output focus, Anglo’s modest ratings should do no harm to the shares in the months ahead.

Chart points

An almost sparkling clean rising trend line since September 2016 continues to support the overall technical buying case. Since the marking the high for the year at 2293.8p on 1st July though, AAL has struggled to extend the upside. Additional resistance was created at 2124.8p at the end of that month with a short-lived attempt to break the correction that ensued between July and August. Since then, with assistance from the long-term trend mentioned above, AAL has mapped out a rectangular channel though the prospective bounds haven’t been tagged since October as the shares marked and recently broke below a shorter-term flag between September and early-November, corroborating 2124.8p resistance. A base has been evident since 11th November around 1994p and would be a precursor of an additional tests of the rising channel since the autumn and below that the main long-term rising line. The overarching bull case would begin to face questions below these structures, with 1759p, 3rd October’s kickback support as a possible decider.


Anglo American Plc. CFD – Daily

Source: City Index

[grupo] 28/11/2019 08:57

BMO Capital Markets Outperform 2,400.00 - Reiterates

[the grumpy old men] 27/11/2019 08:27

Anglo American Sells 12% Stake In Grosvenor To Japanese Partners

Wed, 27th Nov 2019 08:02
Alliance News

(Alliance News) - Blue-chip miner Anglo American PLC has sold a 12% stake in the Grosvenor coking coal mine in Australia, it said Wednesday, to Japanese partners at the site.

Currently, Anglo American owns 88% of the next-door Moranbah mine in Queensland, with a consortium of Japanese companies owning the remaining 12%. It has now replicated this at Grosvenor, which came online in 2016.

Grosvenor, Anglo American added, uses the existing coal processing infrastructure at Moranbah. It produced 3.8 million tonnes of coking coal, which is used to produce steel, in 2018.

The company, a member of London's FTSE 100 index, has netted USD141 million from the sale of the 12% stake in at Grosvenor.

In a separate announcement, Japan's Mitsui & Co Ltd said it has bought a 4.75% stake in Grosvenor for AUD82.1 million. The other shareholders are Nippon Steel Corp with 5.0%, Nippon Steel Trading Corp with 1.25%, Shinsho Corp with 0.5%, and JFE Mineral Co Ltd with 0.5%.

Seamus French, head of Bulk Commodities at Anglo American, commented: "The alignment of ownership interests across the Moranbah-Grosvenor operation is an important step forward as we unlock the considerable additional value that we see.

"Our ability to expand the plant, debottleneck various processes, and have the flexibility to blend our naturally high-quality products more effectively, all support the long term competitiveness of what is already a world-class asset. I am pleased to be building on the successful relationships with our joint venture partners in delivering Moranbah-Grosvenor's full potential for the benefit of all our stakeholders."

By George Collard; [e-mail]

[waldron] 22/11/2019 16:40

Iron Ore 83.79 USD 0.24(0.29%)
Gold COMEX 1,465.30 +0.12%
Silver COMEX 17.03 -0.21%
Platinum NYMEX 893.00 -2.67%
Copper COMEX 2.64 +0.67%
Brent Crude Oil NYMEX 63.23 -1.16%
Gasoline NYMEX 1.67 -1.57%
Natural Gas NYMEX 2.69 +2.56%
(WTI) 57.68 USD -1.08%


Rio Tinto
4,184.5 +2.14%


Bhp
1,706.6 +2.18%


Anglo American
2,063.5 +2.56%


Glencore
246.9 +3.05%

[gibbs1] 20/11/2019 08:43

AAL RBC Capital Markets Top pick UP FROM 2,350.00 TO 2,450.00 Reiterates

[waldron] 15/11/2019 17:04

Iron Ore82.80 USD 0.28(0.34%)
Gold COMEX 1,465.40 -0.54%
Silver COMEX 16.92 -0.63%
Platinum NYMEX 894.80 +1.36%
Copper COMEX 2.64 +0.67%
Brent Crude Oil NYMEX 63.25 +1.56%
Gasoline NYMEX 1.64 +1.76%
Natural Gas NYMEX 2.75 +0.96%
(WTI) 57.71 USD +1.32%


Rio Tinto
4,154.5 +1.54%

Bhp
1,690 +0.92%

Anglo American
2,037.5 +0.79%

Glencore
243.6 +1.90%


WHAT A PLEASANT END TO THE WEEK

[sarkasm] 15/11/2019 10:55

Anglo American Platinum Ltd. (AMS.JO) said Friday it has signed a three-year wage agreement in South Africa with recognized unions.

The London-listed South African mining company said the agreement will increase the company's total labor costs by 7.4% in the first year, 6.1% in year two, and 6.3% in the last year.

"We believe this agreement will ensure the business can remain sustainable through the typical PGM price cycles, while our employees will benefit from meaningful pay and other increases," Chief Executive Officer Chris Griffith said.

Shares in London at 1000 GMT were up 27 pence, or 1.3%, at 2048.50 pence.



Write to Anthony O. Goriainoff at [e-mail]



(END) Dow Jones Newswires

November 15, 2019 05:24 ET (10:24 GMT)

[gibbs1] 13/11/2019 10:51

Anglo American PLC (AAL.LN) said Wednesday that its majority-owned De Beers Group sold 31% more rough diamonds in the ninth sales cycle of the year, compared with the earlier cycle.

The diversified mining company said diamond producer De Beers--which reports on 10 sales cycles each year--sold $390 million of rough diamonds in the ninth cycle of the year compared with $297 million for the eight cycle.

In the ninth cycle of 2018, De Beers sold $442 million of rough diamonds.

"With signs of increasing polished price stability, Cycle 9 saw an improvement in sentiment from rough diamond buyers," De Beers Chief Executive Bruce Cleaver said.



By Ian Walker at [e-mail]



(END) Dow Jones Newswires

November 13, 2019 05:31 ET (10:31 GMT)

[waldron] 12/11/2019 17:10

Iron Ore 81.36 USD 1.06(1.30%)
Gold COMEX 1,453.30 -0.26%
Silver COMEX 16.71 -0.58%
Platinum NYMEX 869.30 -1.28%
Copper COMEX 2.65 -0.39%
Brent Crude Oil NYMEX 62.26 +0.13%
Gasoline NYMEX 1.61 +0.49%
Natural Gas NYMEX 2.71 -0.66%
(WTI) 57.02 USD +0.72%


Rio Tinto
4,145.5 +0.14%

Bhp
1,696.4 +0.24%

Anglo American
2,025 +0.77%

Glencore
245.35 -0.06%

[gibbs1] 12/11/2019 08:49

Anglo American PLC (AAL.LN) on Tuesday raised production guidance for its Minas Rio iron-ore operation in Brazil, but cut forecasts for its Kumba iron-ore project in South Africa and metallurgical coal output for the next two years.

The FTSE 100-listed mining company said it now expects iron-ore production from Minas-Rio at 23 million tons this year, up from between 20 million and 22 million previously.

Minas-Rio output is now expected at 22 million to 24 million tons in 2020 and between 24 million and 26 million tons in 2021, also higher than previously expected, Anglo American said.

Production from Kumba for both 2020 and 2021 is now forecast at between 43 million and 44 million tons, which compares with previous guidance of between 43 million and 45 million tons, the company said.

Anglo American also cut its production forecasts for metallurgical coal production to between 22 million and 24 million tons for 2020 and to between 23 million and 25 million tons for 2021. It previously expected 2020 production at between 23 million and 25 million tons and 2021 output at between 25 million and 27 million tons.



Write to Adria Calatayud at [e-mail]



(END) Dow Jones Newswires

November 12, 2019 03:04 ET (08:04 GMT)

[la forge] 12/11/2019 08:34

Anglo American Adjusts Future Output Guidance For Bulks Operations

Tue, 12th Nov 2019 08:04
Alliance News

(Alliance News) - Anglo American PLC on Tuesday updated its production guidance for its iron ore and metallurgical coal operations over the next three years, as it prepares to host an investor visit during the week in Queensland, Australia.

For 2019, Anglo expects iron ore production from its Minas-Rio operations in Brazil to reach 23 million tonnes, up from its previous guidance of 20 to 22 million tonnes.

This would reflect a sharp increase from 3.4 million tonnes in 2018. Iron ore production was restarted at Minas-Rio in Brazil in December 2018 since being suspended in March the year before due to pipe leakages.

Iron ore output from Johannesburg-listed subsidiary Kumba Iron Ore Ltd remained in the range of 42 to 43 million tonnes, reflecting a 0.2% to 2.6% dip from 43.1 million tonnes the prior year.

Metallurgical coal production guidance was also left alone, remaining at 22 to 24 million tonnes, marking a 0.9% to 10% rise from 21.8 million tonnes in 2018.

Looking further ahead, Anglo increased its guidance for Minas Rio, expecting 2020 production in the range of 22 to 24 million tonnes, 24 to 26 million tonnes for 2021 and new guidance for 2022 set between 23 and 25 million tonnes.

Previous guidance for Minas Rio was 21 to 23 million tonnes for 2020, and 22 to 24 million tonnes for 2021.

Kumba Iron Ore Ltd's output guidance from 2020 to 2022 was 43 to 44 million tonnes for each year.

For 2020 and 2021, this is a lowered guidance from 43 to 45 million tonnes.

Finally, for metallurgical coal, Anglo expects 2020 production in the range of 22 to 24 million tonnes, 23 to 25 million tonnes for 2021, and 26 to 28 million tonnes for 2022.

2020's previous guidance was 23 to 25 million tonnes, and 2021's prior expectations was between 25 to 27 million tonnes.

Anglo said its planned increase in metallurgical coal production was pushed back by a year, due to the phasing of the wash plant expansion at the Moranbah-Grosvenor complex in Australia.

"We are today upgrading our 2019 production guidance for Minas-Rio by a further 10% - with a proportionate decrease in unit costs - while also providing volume guidance for the next three financial years, as well as long term volume and unit cost potential," said Seamus French, chief executive officer of Bulk Commodities.

"Looking forwards, we have a disciplined approach to growth within our portfolio, with numerous debottlenecking and life extension opportunities in the medium term across our iron ore and met coal assets," French added.

Shares in Anglo American were up 0.6% at ZAR386.42 on Tuesday in Johannesburg, while Kumba Iron Ore shares were 3.0% higher at ZAR370.66.

Anglo American is headquartered in London, and Kumba Iron Ore in Gauteng, South Africa.

By Dayo Laniyan; [e-mail]

[waldron] 11/11/2019 17:04

Iron Ore 80.30 USD -0.06(-0.07%)
Gold COMEX 1,456.40 -0.44%
Silver COMEX 16.79 -0.20%
Platinum NYMEX 879.80 -1.49%
Copper COMEX 2.66 -0.67%
Brent Crude Oil NYMEX 62.32 -0.30%
Gasoline NYMEX 1.62 -0.17%
Natural Gas NYMEX 2.73 -5.15%
(WTI) 57.06 USD -0.05%




Rio Tinto
4,139.5 -1.58%

Bhp
1,692.4 -1.99%

Anglo American
2,009.5 -2.66%

Glencore
245.5 -3.50%