Anglo American Share Discussion Threads

[waldron] 17/6/2021 11:03

Rio Tinto
5,907 -1.88%


Bhp
2,081.5 -2.23%


Anglo American
2,885.5 -2.63%


Glencore
310.65 -2.02%

[philanderer] 16/6/2021 13:24

Sirius is a falling star after analysts take closer look


Wednesday June 16 2021, 12.01am, The Times

Those Sirius Minerals investors who felt hard done by when the fertiliser explorer was snapped up on the cheap will have had a little chuckle yesterday. This is because analysts at RBC cut their rating for Anglo American, in part because of the likelihood of increased costs at Sirius’s Woodsmith polyhalite mine in North Yorkshire.

RBC described it as a “very well-timed distressed acquisition”, but said that spending could rise as Anglo “creates a sustainable future for the development”. That was one of several near-term worries that prompted the analysts to cut the stock to “sector perform”.

[sundial1] 15/6/2021 16:05

Good information Araine.

[foxy22] 15/6/2021 14:29

Are u selling out?

[ariane] 15/6/2021 11:29

Proactive

10:15 Tue 15 Jun 2021

Anglo American shareholders should to take profits amid rising near-term risks, says RBC Capital Markets

Anglo has consistently outperformed its peer group each year since 2017, says RBC


Investors in Anglo American PLC (LON:AAL) have been advised to take profits, following the mining giant’s recent outperformance, as near-term risks are rising, said analysts at RBC Capital Markets.

RBC said it continues to see long-term value in the shares, but noted the increased risk perceptions around Peru and Chile, a possible reversal of the price momentum in platinum group metals and a potential 3rd COVID-19 wave in South Africa as some of the near-term risks.

Anglo American shares have gained 28% this year and outperformed the sector by 14% during this time.

“For the first time in a while we see growing headwinds that could see shares consolidate. Still a favoured long-term exposure, with arguably the best set-up for the next 10 years, but we would look to take some profit for now,” said RBC.

It reduced its target price to 3,400p, from 4,100p, and downgraded its recommendation to ‘Sector Perform’ from ‘Outperform217;.

The shares were down 2.6% at priced at 3,033p in mid-morning trading.

[foxy22] 15/6/2021 09:53

This is a downgrade....cuts Aal....

[florenceorbis] 15/6/2021 07:54

Anglo American: RBC downgrades from Outperform to Sector Perform, targeting GBp3,400

[waldron] 07/6/2021 17:20

Thungela Resources Shares Fall on Market Debut Following Research Group's Allegations
07/06/2021 1:18pm
Dow Jones News

Anglo American (LSE:AAL)
Intraday Stock Chart


Monday 7 June 2021
Click Here for more Anglo American Charts.

--Shares in Thungela Resources fell on its stock market debut after a research group alleged the company's coal mines have no value

--A report by Boatman Capital said the Anglo American spinoff's environmental liabilities could be three times higher than previously estimated

--A spokesman for Anglo American said that Thungela's environmental provision is the industry norm and that the sums alleged by the report are artificially inflated



By Joe Hoppe



Thungela Resources Ltd. shares fell on their first day of trading Monday after researcher Boatman Capital claimed that the Anglo American PLC spinoff is underreporting its environmental liabilities and called the company's coal mines worthless.

Shares in Thungela in London at 1149 GMT were down 32.0 pence, or 21%, at 118.0 pence, having fallen as much as 27% earlier in the session. Shares in Anglo American in London were down 60.5 pence, or 1.9% at 3,194.0 pence.

Shares in the South African coal business, which listed in London and Johannesburg on Monday, slumped after short seller Boatman Capital published a report alleging that the company's environmental liabilities may be three times greater than previously reported, which would make them higher than the company's listed value of 3.4 billion rand ($253.3 million) upon its initial public offering. Boatman Capital also said that Thungela's financial model attributes zero value to the company.

The short seller said it believes that Thungela has massively underestimated the clean-up liabilities associated with closing its mines, which have five to 11 years of expected life remaining. It also said that new regulations, which will impose tougher standards on the mining industry, will substantially increase environmental provisioning.

"We anticipate that the company may be able to pay some dividends initially thanks to Anglo's price support and dowry, but we believe beyond that point the dividends will be unsustainable and the true value of the company will become obvious," Boatman said.

A spokesman for Anglo American said that Thungela's provision of ZAR6.45 billion earmarked for clean-up is above and beyond regulatory guidance for miners in South Africa and is consistent with industry norms, and that the draft sums provided by Boatman were arbitrary.

"The basis for provisioning under South Africa's draft NEMA regulations simply does not accurately reflect the actual or likely sums needed to discharge such liabilities. It is precisely because these sums are considered to be artificial, and arbitrarily inflated, that the draft has remained under review since 2015," the Anglo American spokesman said.

The new NEMA rules were due to come into force on June 19, but the date was pushed back to June 2022 by the South African government after miners raised objections. Boatman estimated that Thungela's total end-of-life environmental costs could reach ZAR18.8 billion.

"This is an industry-wide matter in South Africa, so the regulations on which the Boatman report apparently draws its conclusion are far from being finalized," the spokesman added.



Write to Joe Hoppe at [e-mail]



(END) Dow Jones Newswires

June 07, 2021 08:08 ET (12:08 GMT)

[betman] 07/6/2021 11:07

AAL seems to have been hit disproportionately compared to RIO, BHP and GLEN today. This is despite floating off Thungela which should improve their ESG credentials ??
Not sure what NAV has been transferred out of AAL into TGA

[philanderer] 07/6/2021 10:54

JPMORGAN RAISES ANGLO AMERICAN PRICE TARGET TO 3,500 (3,350) PENCE - 'NEUTRAL'

[philanderer] 07/6/2021 10:39

Thungela (TGA) trading around 125p at the moment. I've started a new threasd to keep an eye on them.

[philanderer] 04/6/2021 17:26

Thungela demerger will come into effect from monday morning with a seperate market listing.

[waldron] 27/5/2021 17:24

Rio Tinto
6,074 +2.71%



Bhp
2,135 +2.57%



Anglo American
3,137.5 +2.25%


Glencore
321.75 +4.63%

A GOOD DAY FOR MIMERS

[philanderer] 27/5/2021 14:23

Anglo American pursues 3D printing of spare parts with CSIR and Ivaldi Group

[the grumpy old men] 21/5/2021 08:48

Profiling the world’s top five copper mining countries in 2020

Features & AnalysisMiningMajor Commodities

By NS Energy Staff Writer 20 May 2021

Two South American countries dominate global copper mining as demand for the metal is expected to grow significantly over the coming years
Escondida copper mine Chile - BHP

The Escondida project in northern Chile is the world's largest copper mine (Credit: BHP)

The largest copper mining countries in the world have an increasingly important role producing a metal that underpins major global industries and will be a crucial ingredient of the transition to a low-carbon energy system.

Due to its high thermal and electrical conductivity, copper is used widely in construction, engineering and electronics manufacturing, while its malleable properties make it particularly suited to use in wiring.

As the global energy system integrates a greater share of renewable technologies and electrified processes, demand for the reddish-gold metal is expected to grow rapidly to build the batteries, motors, power cables and many other applications that will characterise modern energy infrastructure.

The International Energy Agency (IEA) has suggested world copper demand could double over the next 20 years as the pace of electrification grows, with clean energy applications potentially accounting for 45% of overall demand.

There are currently around 250 copper mines in operation in nearly 40 countries, with global production – estimated by the US Geological Survey at 20 million tonnes in 2020 – 30% higher than it was just 10 years ago.

Estimated worldwide reserves stand at around 870 million tonnes, almost a quarter of which are located in Chile.


Largest copper producing countries in the world by 2020 mining production


1. Chile – 5.7 million tonnes

Chile is the clear leader among the world’s largest copper producing countries, with 5.7 million tonnes of the metal mined in 2020.

The South American country is home to the biggest copper reserves worldwide, estimated at around 200 million tonnes by the US Geological Survey.

Some of the largest copper mines are located in Chile, including the Escondida, Collahuasi and El Teniente projects.

Chilean producer Codelco ranks first among the world’s largest copper mining companies, closely followed by BHP, which jointly operates the massive Escondida mine in northern Chile.


2. Peru – 2.2 million tonnes

Mining operations in Peru produced 2.2 million tonnes of copper in 2020 – a small decrease on the previous year.

The country’s Cerro Verde and Antamina mines are among the world’s largest copper operations, while the Quellaveco mine being developed by Anglo American and Mitsubishi is expected to begin production in 2022, adding another substantial resource to Peruvian copper activities.

Peru’s mining industry was badly disrupted by the coronavirus pandemic in 2020, but analysts have forecast a strong rebound, with production expected to grow as high as 3.1 million tonnes by 2024.


3. China – 1.7 million tonnes

China mined an estimated 1.7 million tonnes of copper in 2020, placing it third on the list of the world’s largest copper producing countries.

The Chinese economy is the biggest global consumer of the metal, and imports large volumes to supplement its own domestic production.

Jiangxi Copper is one of the country’s major producers, operating the key Dexing copper mine in China’s Jiangxi Province.
copper mining countries
Trucks at the Katanga copper mine in Democratic Republic of Congo (Credit: Glencore)
4. Democratic Republic of Congo – 1.3 million tonnes

An estimated 1.3 million tonnes of copper were mined in the Democratic Republic of Congo (DRC) during 2020.

The country is perhaps better known as being the runaway leader among the world’s top cobalt producing countries, but copper mining often takes place alongside its cobalt operations and is a significant industry for the African nation.

Swiss miner Glencore has established a strong presence in the DRC, and mines both copper and cobalt at its Katanga and Mutanda mining operations in the Katanga Province.

The Kamoa-Kakula Copper Project, a joint venture led by Ivanhoe Mines and Zijin Mining, is a major copper mining asset currently under development in the DRC expected to add significant new potential to the country’s industry.


5. United States – 1.2 million tonnes

Copper mining is a significant business in the US, and in 2020 an estimated 1.2 million tonnes of the metal were unearthed.

Arizona is the top-producing state in the country, accounting for around three-quarters of domestic output, followed by Utah, New Mexico, Nevada, Montana and Michigan.

A major joint venture between BHP and Rio Tinto, known as Resolution Copper, is currently planned for Arizona that could become one of the country’s largest copper mines – but there is currently uncertainty over the project’s future due to a controversial land-swap deal opposed by Native American groups.

[philanderer] 20/5/2021 14:07

Investors should be prepared for the biggest inflation scare since the 1980s, according to US broker Jefferies, which has looked at which sectors would fare best if the beast really has returned.

The best-positioned look to be the miners said the broker, especially copper specialists, which means buy recommendations on Anglo American (LON:AAL), Antofagasta (LON:ANTO) and Glencore (LON:GLEN).

proactiveinvestors.co.uk

[waldron] 19/5/2021 16:30

Anglo American PLC said Wednesday that rough-diamond sales by its majority-owned De Beers Group declined in the fourth cycle of the year.

The diversified mining company said De Beers sold $380 million of diamonds in the fourth cycle compared with $450 million in the third cycle. In 2020, the company sold $56 million in the fourth and fifth cycles combined. There are 10 sales cycles each year.

Anglo American said demand for diamond jewelry remains robust in U.S. and China, but warned of supply chain and consumption issues in India.

"The scale of the second wave of Covid-19 in India, where the majority of the world's diamonds are cut and polished, has led to reduced midstream capacity and subsequently lower rough diamond demand, during what is already a seasonally slower time of year for midstream purchases," De Beer's Chief Executive Bruce Cleaver said.



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



(END) Dow Jones Newswires

May 19, 2021 02:49 ET (06:49 GMT)

[philanderer] 14/5/2021 11:06

CREDIT SUISSE RAISES ANGLO AMERICAN PRICE TARGET TO 3,800 (3,150) PENCE - 'OP'

[philanderer] 13/5/2021 14:19

'Anglo American unveils its digital vision'

[grupo] 10/5/2021 09:33

Rio Tinto
6,770 +3.60%



Bhp
2,418 +3.44%



Anglo American
3,434.5 +1.57%



Glencore
329.45 +2.08%