Anglo American Share Discussion Threads

[philanderer] 10/3/2021 17:12

Over £3m worth sold by two directors.

[waldron] 10/3/2021 07:56

Anglo American PLC said Wednesday that rough-diamond sales by its majority-owned business De Beers Group were 52% higher in the second sales cycle of 2021 year-on-year, as customers restocked after a strong holiday period.

The diversified mining company said De Beers sold $550 million of diamonds in the second cycle of 2021 compared with $663 million in the first cycle, and $362 million in the second cycle of 2020. There are 10 sales cycles each year.

Anglo American said sales for the second cycle are provisional due to a change in the company's approach to diamond sales because of global pandemic-related movement restrictions. The figures are based on expected sales between Feb. 22 and March 8, and are subject to final adjustments.

Anglo American said diamond sales are being supported by positive consumer demand on the back of midstream buyers. Consumers continued to express demand following better-than-expected retail sales of diamond jewelry over Christmas, the Lunar New Year and Valentine's Day, but the industry was set to enter a traditionally slow period, the company said.

"While the year has started positively, we recognize ongoing near-term uncertainty in the pace and shape of the recovery," De Beers Chief Executive Bruce Cleaver said.



Write to Joe Hoppe at [e-mail]



(END) Dow Jones Newswires

March 10, 2021 02:30 ET (07:30 GMT)

[v11slr] 09/3/2021 15:07

Good decade for miners :-) (hopefully).

[philanderer] 09/3/2021 14:47

Bad day for miners :-(

[foxy22] 08/3/2021 17:00

Breaking out....close above 30.00

[philanderer] 05/3/2021 14:41

JPMORGAN RAISES ANGLO AMERICAN PRICE TARGET TO 3,400 (3,000) PENCE - 'NEUTRAL'

[foxy22] 01/3/2021 14:18

Gs certainly has renewed faith in Anglo.....Must see platinum price rising and diamond market recovery!!!Will send Anglo to all time high£37!!!! Tp

[philanderer] 01/3/2021 10:57

GOLDMAN SACHS RAISES ANGLO AMERICAN PRICE TARGET TO 3,700 (3,500) PENCE - 'BUY'

[foxy22] 26/2/2021 15:31

What a selloff

[philanderer] 26/2/2021 11:39

BERENBERG RAISES ANGLO AMERICAN PRICE TARGET TO 3,200 (3,100) PENCE - 'BUY'

DEUTSCHE BANK RAISES ANGLO AMERICAN PRICE TARGET TO 3,500 (3,000) PENCE - 'BUY'

[philanderer] 26/2/2021 10:32

Yesterday's gains up in smoke.

[philanderer] 26/2/2021 00:35

RBC Capital Markets analyst Tyler Broda said Anglo would likely have a stellar 2021.

“PGMs, copper and iron ore should continue to underpin even healthier results in 2021 and diamonds and coal should also continue to recover,” he said. “Growth remains on track and although there is a likely bump in Woodsmith capex, the group’s financial position remains very robust.”

[waldron] 25/2/2021 14:43

Anglo American PLC reported results for 2020 on Thursday. Here's what we watched:



REVENUE: The FTSE 100 miner's revenue for 2020 came in at $30.90 billion, a 3% rise on the prior year, as stronger metals prices offset operational disruptions. This exceeded the $29.96 billion consensus estimate, taken from Vuma and based on nine analyst forecasts.



UNDERLYING EBITDA: Anglo American reported underlying Ebitda of $9.80 billion, beating the $9.39 billion market consensus--also taken from Vuma and based on nine analyst estimates. In the six months to June, underlying Ebitda had fallen 39% to $3.35 billion, indicating a marked recovery in the second half of 2020.



WHAT WE WATCHED:

--DIVIDEND: The company's board proposed a final dividend of $0.72 a share, in line with its established dividend policy to pay out 40% of underlying earnings. This was also ahead of the $0.65 market consensus--taken from Vuma and based on nine analyst forecasts.

--2021 PRODUCTION OUTLOOK: Anglo American didn't make any changes to its production guidance for the current year.



Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT



(END) Dow Jones Newswires

February 25, 2021 06:16 ET (11:16 GMT)

[philanderer] 25/2/2021 14:32

Anglo American shines on commodity price boom


[...]

[philanderer] 25/2/2021 09:59

Well received :-)

[foxy22] 25/2/2021 09:23

Looks promising outlook for next yearPlatinum bounce todayDividend disappointing

[grupo guitarlumber] 25/2/2021 07:52

Anglo American PLC on Thursday reported that its profit fell 41% in 2020, as the coronavirus pandemic disrupted its operations especially in the first half of the year.

The FTSE 100 multinational mining company made a net profit of $2.09 billion last year down from $3.55 billion in 2019.

Underlying earnings before interest, taxes, depreciation and amortization declined 2% to $9.80 billion but was above the market consensus of $9.39 billion--taken from Vuma and based on nine analysts' forecasts. This suggests a strong recovery in the second half of the year, as underlying Ebitda had fallen 39% in the six months to June.

"The resilience of our diversified business, following the operational disruptions of the first half and benefiting from strong metals prices in the latter months, generated underlying Ebitda of $9.8 billion, with an increased mining Ebitda margin of 43%," Chief Executive Mark Cutifani said.

Anglo American declared a final dividend of $0.72 a share, bringing the full-year payment to $1.00--down from $1.09 in 2019.



Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT



(END) Dow Jones Newswires

February 25, 2021 02:34 ET (07:34 GMT)

[philanderer] 24/2/2021 09:50

BERENBERG RAISES ANGLO AMERICAN PRICE TARGET TO 3,100 (2,800) PENCE - 'BUY'

[philanderer] 23/2/2021 13:37

Green hydrogen to be produced from solar power at platinum mine


JOHANNESBURG (miningweekly.com) – Although platinum group metals (PGMs) mining and marketing company Anglo American Platinum will be starting with a 75 MW solar photovoltaic powered plant at its Mogalakwena mine, planned is an eventual 320 MW of solar power generation, the excess from which will be used to produce green hydrogen.

This was confirmed by Anglo American Platinum CEO Natascha Viljoen in a Zoom interview with Mining Weekly on Monday

[philanderer] 22/2/2021 14:20

Anglo American Platinum said production was hit by lockdowns and the temporary closure of the Anglo Converter Plant during 2020, causing a 14% decline in output, but that it was set up for a strong recovery in 2021.

FTSE 100-listed Anglo American owns over 78% of Anglo American Platinum, which produces a wide range of commodities in South Africa and neighbouring countries.

CITYINDEX.CO.UK

[waldron] 22/2/2021 07:14

Anglo American Platinum Ltd. on Monday reported a 64% increase in basic earnings for 2020, and said production will return to precoronavirus levels this year.

The South African precious-metals miner--which is majority-owned by Anglo American PLC--achieved basic earnings of 30.3 billion rand ($2.06 billion) in 2020, up from ZAR 18.5 billion in 2019. Headline earnings were also ZAR30.3 billion, in line with the company's own guidance of ZAR27.8 billion-ZAR31.4 billion.

Refined production of platinum, palladium, rhodium, iridium, ruthenium and gold fell 42% year-on-year, but this was more than offset by stronger realized prices. Revenue rose 38% to ZAR137.8 billion.

The group declared an ordinary dividend of ZAR45.58 a share, up from ZAR27.60 in 2019, when it had also paid an special dividend of ZAR25.00.

For 2021, AA Platinum expects refined production to rise to prepandemic levels of 4.6 million-5.0 million ounces from 2.71 million in 2020, with unit costs of between ZAR11,000 and ZAR11,500 and ounce.

In addition, the company on Monday released an strategy update including targets to achieve carbon neutrality across scope 1 and 2 emissions by 2040, and a mining Ebitda margin of 35%-45% by 2030.



Write to Jaime Llinares Taboada at [e-mail]; @JaimeLlinaresT



(END) Dow Jones Newswires

February 22, 2021 01:50 ET (06:50 GMT)

[philanderer] 19/2/2021 15:06

AAL results next thursday.

[philanderer] 16/2/2021 11:35

Read across from GLEN results.

[philanderer] 15/2/2021 15:07

Anglo American, which is due to report its full year results on February 25, has a consensus forecast of $9.4bn in EBITDA for 2020 with strong showings from its copper and platinum group metal assets, notwithstanding disruptions to the latter’s productions last year.

Whilst this is largely in line with 2019, Citi rates the company as having the best fundamentals of the diversifies for the current year. “AAL [Anglo American] is likely to see best earnings growth in 2021 from its exposure to iron ore, PGMs and copper while recovery in diamonds is continuing to strengthen,” the bank said.

Morgan Stanley said first cycle diamond sales by De Beers, in which Anglo has an 85% stake, provided “… further evidence that a demand recovery is well underway” in the diamond industry and underpinned strong profit recovery for De Beers.

It forecast an EBITDA of $929m from Anglo’s diamond business this year compared to £127m in 2020. The “full normalisation” of diamonds represented an EBITDA opportunity for Anglo American of about $900m and was “an important pillar” in Morgan Stanley’s view of being overweight on Anglo American.