Anglo American Share Discussion Threads

[philanderer] 21/7/2021 13:35

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 11:47

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 08:19

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 08:49

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 10:10

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 10:05

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 14:32

'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 10:11

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

[philanderer] 05/7/2021 10:47

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

[philanderer] 25/6/2021 00:52

'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 09:59

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

[adrian j boris] 21/6/2021 08:43

Anglo American
2,688 -1.09%

[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)