Anglo American Share Discussion Threads

[foxy22] 29/7/2021 08:30

Like the resultsAnd special dividend...

[waldron] 29/7/2021 07:58

Shares in Anglo American PLC rose Thursday morning after it reported a significantly higher profit for the first half of the year, and said it will return $4.1 billion to shareholders via dividends and share buybacks.

The FTSE 100 mining company made a net profit of $5.19 billion for the six months to June, up from $471 million a year earlier when the Covid-19 pandemic caused a decrease in production.

Underlying earnings before interest, taxes, depreciation and amortization jumped to $12.14 billion from $3.35 billion, reflecting significantly higher commodity prices. The metric came well above the market consensus of $10.88 billion--taken from Vuma and based on 12 analysts' estimates.

"The first six months of 2021 have seen strong demand and prices for many of our products as economies begin to recoup lost ground, spurred by stimulus measures across the major economies," Chief Executive Mark Cutifani said.

Stronger commodity prices contributed $7.9 billion to the total $8.8 billion underlying Ebitda increase, the company said.

Anglo American said it would pay an interim dividend of $1.71 a share and make $2.0 billion of additional returns, including $1.0 billion via a special dividend and $1.0 billion via share buybacks.

The buyback program will start immediately and end no later than Feb. 14, 2022. The special dividend is equivalent to $0.80 a share.

"We entered this period of strong demand and prices for many of our products with a strong balance sheet and we are therefore in a position to deliver both the investment in our sequence of margin-enhancing growth projects and also return excess cash to our shareholders," Mr. Cutifani said.

Shares at 0710 GMT were up 4.4% at 3,263 pence.



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



(END) Dow Jones Newswires

July 29, 2021 03:33 ET (07:33 GMT)

[waldron] 29/7/2021 07:55

Shares in Anglo American PLC rose Thursday morning after it reported a significantly higher profit for the first half of the year, and said it will return $4.1 billion to shareholders via dividends and share buybacks.

The FTSE 100 mining company made a net profit of $5.19 billion for the six months to June, up from $471 million a year earlier when the Covid-19 pandemic caused a decrease in production.

Underlying earnings before interest, taxes, depreciation and amortization jumped to $12.14 billion from $3.35 billion, reflecting significantly higher commodity prices. The metric came well above the market consensus of $10.88 billion--taken from Vuma and based on 12 analysts' estimates.

"The first six months of 2021 have seen strong demand and prices for many of our products as economies begin to recoup lost ground, spurred by stimulus measures across the major economies," Chief Executive Mark Cutifani said.

Stronger commodity prices contributed $7.9 billion to the total $8.8 billion underlying Ebitda increase, the company said.

Anglo American said it would pay an interim dividend of $1.71 a share and make $2.0 billion of additional returns, including $1.0 billion via a special dividend and $1.0 billion via share buybacks.

The buyback program will start immediately and end no later than Feb. 14, 2022. The special dividend is equivalent to $0.80 a share.

"We entered this period of strong demand and prices for many of our products with a strong balance sheet and we are therefore in a position to deliver both the investment in our sequence of margin-enhancing growth projects and also return excess cash to our shareholders," Mr. Cutifani said.

Shares at 0710 GMT were up 4.4% at 3,263 pence.



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



(END) Dow Jones Newswires

July 29, 2021 03:33 ET (07:33 GMT)

[clinton baptiste] 28/7/2021 15:28

Results tomorrow should be outstanding

[waldron] 28/7/2021 07:33

Anglo American PLC said Wednesday that rough-diamond sales by its majority-owned De Beers Group were 6.9% higher in the sixth sales cycle of 2021 compared with the previous cycle, as it benefited from strong demand in the U.S. and China.

The diversified mining company said that the outlook remains positive for the second half of the year, based on the strength of diamond jewelry sales, subject to continued coronavirus-related impacts.

De Beers sold $510 million of diamonds in the sixth cycle of the year compared with $477 million in the fifth and $116 million for the sixth cycle last year. There are 10 sales cycles each year.

Anglo American said sales are provisional figures due to a change in the company's approach to diamond sales because of pandemic-related movement restrictions around the globe. The figures are based on expected sales between July 12 and July 27.



Write to Ian Walker at [e-mail]



(END) Dow Jones Newswires

July 28, 2021 03:08 ET (07:08 GMT)

[waldron] 27/7/2021 08:00

Turvart
27 Jul '21 - 07:04 - 5130 of 5131
0 0 0



2021 Interim Results

We are presenting our 2021 Interim results today at 11:00 (CAT).

All the relevant documents can be viewed further down on this page. These includes the Interim booklet, press release and other relevant documentation.
Key features

CONTINUING TO DELIVER SHAREHOLDER VALUE

Attributable free cash flow of R31.5 billion
ROCE of 225%
Interim cash dividend of R72.70 per share

SAFETY AND SUSTAINABILITY IS INTEGRAL TO OUR BUSINESS

Over 5 years of fatal-free production
R51 billion of shared value created in H1 2021
R12 million in additional WeCare Covid-19 community support
Zero occupational diseases
Over six years without any level 3-5 environmental incidents

MAXIMISING RETURNS AND POSITIONING FOR THE FUTURE

Average realised FOB export price of US$216/wmt, 32% above benchmark
Robust EBITDA margin of 70%
Closing net cash of R40.7 billion
Cost savings of R370 million

[philanderer] 26/7/2021 10:49

RBC CUTS ANGLO AMERICAN PRICE TARGET TO 3,300 (3,400) PENCE - 'SECTOR PERFORM'

[grupo guitarlumber] 26/7/2021 07:59

markets down and miners up


Rio Tinto
6,019 +1.57%


Bhp
2,277.5 +0.86%



Anglo American
2,999 +1.18%


Glencore
317.95 +0.70%

[the grumpy old men] 24/7/2021 18:25

sundial1
24 Jul '21 - 17:23 - 5105 of 5105
0 0 0
it will be good for share price next week. normally price drops end of the month. quick one Turvart ,you said Rio best out of the three on par.

[the grumpy old men] 24/7/2021 18:24

sundial1
24 Jul '21 - 17:23 - 5105 of 5105
0 0 0
it will be good for share price next week. normally price drops end of the month. quick one Turvart ,you said Rio best out of the three on par.

[philanderer] 24/7/2021 10:14

'Thomas Staley, finance chief behind fertiliser mine in North Yorkshire, resigns'


The finance chief behind a multibillion-pound fertiliser mine in North Yorkshire has resigned from the project as Anglo American, the new owner, attempts to assess its true costs.

[philanderer] 22/7/2021 09:40

BERENBERG RAISES ANGLO AMERICAN PRICE TARGET TO 4,100 (4,000) PENCE - 'BUY'

[philanderer] 21/7/2021 12:47

Anglo’s diamonds are jewel in miner’s second quarter

[philanderer] 21/7/2021 12:35

Mining stocks were also higher, despite China’s announcement that it plans to auction reserves of copper, aluminium, and zinc in a bid to ease price pressures.

[philanderer] 21/7/2021 10:47

GOLDMAN RAISES ANGLO AMERICAN PRICE TARGET TO 4,200 (4,000) PENCE - 'BUY'


CITIGROUP RAISES ANGLO AMERICAN PRICE TARGET TO 4,000 (3,685) PENCE - 'BUY'

[la forge] 20/7/2021 07:19

Anglo American PLC on Tuesday reported production increases for the second quarter of 2021, as restrictions eased relative to the same period of 2020. Here's what the London-listed mining company had to say:



On platinum group metals:



"Platinum group metals production increased by 59%, with Mogalakwena production increasing by 11%, reflecting the relatively lower impact of Covid-19 lockdowns compared to 2Q 2020."



"The 1H 2021 average realized basket price of $2,884/PGM ounce reflects strong prices, particularly for rhodium and the minor metals, partly offset by higher than normal sales volumes of lower priced ruthenium."



On iron ore:



"Iron ore production increased by 6%, driven primarily by Kumba, reflecting the lower impact of Covid-19 lockdowns compared to 2Q 2020."



"The 1H 2021 average realized price of $200 [a metric] ton (FOB Brazil, wet basis) was higher than the Metal Bulletin 66 price of $165/ton (FOB Brazil, adjusted for freight and moisture), reflecting the premium quality of the product, including higher (67%) Fe content, and timing on provisionally priced volumes."



On copper:



"Copper production increased by 2% to 169,700 tons, driven by strong performance at Los Bronces, partly offset by lower grade at Collahuasi."



"Including the impact of Grosvenor and Cerrejon, copper equivalent production increased by 20% compared to 2Q 2020."



On diamonds:



"Rough diamond production increased by 134% to 8.2 million carats, reflecting planned higher production to meet stronger demand for rough diamonds, as well as the impact of Covid-19 lockdowns across southern Africa in 2Q 2020."



"Consumer demand for polished diamonds continued to recover, leading to strong demand for rough diamonds from midstream cutting and polishing centers, despite the impact on capacity from the severe Covid-19 wave in India during April and May."



On coal:



"The 1H 2021 average realized price for hard coking coal was $117/ton, lower than the benchmark price of $132/ton as sales consisted of a lower proportion of premium quality hard coking coal from Moranbah and Grosvenor."



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



(END) Dow Jones Newswires

July 20, 2021 02:57 ET (06:57 GMT)

[waldron] 17/7/2021 07:49

EXTRACT


Required increase in metals supply presents challenges for producers and consumers

Wood Mackenzie’s report shows the forces that are shaping up to drive this boom are unique. But even for those commodities stepping into the limelight, it said decarbonisation creates as many risks as it does opportunities.

Under the energy researcher’s proprietary Accelerated Energy Transition-2 (AET-2) scenario, which is consistent with limiting the rise in global temperatures since pre-industrial times to 2C, 360 million tonnes (Mt) of aluminium, 90 Mt of copper, and 30 Mt of nickel will feed the energy transition over the next 20 years.

The report notes that this level of additional metal presents obvious challenges for producers and consumers alike.

“As with all commodities, the metals that are key to the transition will have to bring on replacement capacity to replace existing mines as they deplete and close,” said Morris.

“Under our base case, which is broadly consistent with a 2.8-3˚C global warming view, this requirement is manageable. However, under our AET-2 scenario, the new annual installed capacity required becomes eye-watering.

“By 2030, cobalt producers would need to have built 167% more supply than we currently have in our forecast, while copper would need to find 85% more mine supply than in our base-case forecasts. This will present a huge challenge for the sector.”

[philanderer] 09/7/2021 09:10

JPMORGAN RAISES ANGLO AMERICAN PRICE TARGET TO 3,600 (3,450) PENCE - 'NEUTRAL'

GOLDMAN SACHS RAISES ANGLO AMERICAN PRICE TARGET TO 4,000 (3,900) PENCE - 'BUY'

[la forge] 09/7/2021 09:05

Shares in Arc Minerals Ltd. fell Friday after the company said that the July 2020 exclusivity agreement signed with Anglo American PLC lapsed from today.

Shares at 0726 GMT were down 16% at 4.20 pence.

The Zambia-focused copper and cobalt mining company said discussions between both companies continue and that they have been very positive.

The London-listed company said that it has been approached by a number of interested groups to start discussions regarding a potential commercial transaction as the copper market is very strong at present.

"As we have always said, any transaction has to sufficiently compensate Arc shareholders for allowing a major to take over an asset which we believe has significant potential to become a major tier-one copper discovery. We will continue our discussions with Anglo American which have been going well but will also commence discussions with other major mining companies that have approached us," Arc Minerals said.



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



(END) Dow Jones Newswires

July 09, 2021 03:42 ET (07:42 GMT)

[philanderer] 08/7/2021 13:32

'Anglo American and Glencore are top picks for Citi ahead of production updates from mining majors'

Citigroup sees no significant change to full-year guidance from the largest mining companies

Anglo American PLC (LON:AAL) and Glencore PLC (LON:GLEN) are the top picks for Citi ahead of a plethora of second-quarter production figures from the mining majors.

“Our estimates imply aggregate iron ore volumes could increase by 8% q/q, partially helped by seasonally softer volumes in Q1,” said the investment bank in a production preview on the sector.

“Copper volumes are expected to be flat q/q and point to stable operational performance across companies. We expect a slight increase in coal volumes, but remaining below pre-pandemic levels.

“Overall, our expectation of broadly stable operations implies no significant change to the full-year guidance.


proactiveinvestors.co.uk

[philanderer] 08/7/2021 09:11

CREDIT SUISSE CUTS ANGLO AMERICAN TARGET TO 3,450 (3,800) PENCE - 'OUTPERFORM'

[philanderer] 05/7/2021 09:47

BARCLAYS RAISES ANGLO AMERICAN PRICE TARGET TO 3,820 (3,800) PENCE - 'OVERWEIGHT'

[philanderer] 24/6/2021 23:52

'Kumba to post record interim numbers in omen for bumper Anglo American earnings'


Kumba Iron Ore will report record interim earnings in July following a period of sky-high prices for the steel-making ingredient.

The company said in a trading statement today headline earnings would be at least R12.6bn. This is a 150% year-on-year increase. Basic earnings would be similarly elevated at some R12.6bn.

The expected performance spells good news for Anglo American which owns 70% of Kumba, and earlier this week registered an improved revenue performance in the diamond sector through its 85% stake in De Beers.

Anglo American, which is due to report its interim numbers on July 29, will also have its performance bolstered by strong income from Anglo American Platinum (Amplats). As with iron ore, platinum group metal pricing has reached record highs.

[philanderer] 23/6/2021 08:59

MORGAN STANLEY RAISES ANGLO AMERICAN TARGET TO 3,670 (3,500) PENCE - 'OVERWEIGHT'

[adrian j boris] 21/6/2021 07:43

Anglo American
2,688 -1.09%