Anglo American Share Discussion Threads

[philanderer] 07/10/2021 11:43

BERENBERG RAISES ANGLO AMERICAN PRICE TARGET TO 4,100 (3,900) PENCE - 'BUY'

GOLDMAN SACHS CUTS ANGLO AMERICAN PRICE TARGET TO 3,700 (4,300) PENCE - 'BUY'

[waldron] 07/10/2021 06:07

European markets set to bounce back at the open in rollercoaster week for stocks

Published Thu, Oct 7 202112:27 AM EDT

Holly Ellyatt
@HollyEllyatt


Key Points

European stocks are expected to bounce back on Thursday, opening higher and continuing a week that has seen wild swings in global market sentiment and trading.

The U.K.’s FTSE index is seen opening 80 points higher at 7,070, Germany’s DAX 198 points higher at 15,156, France’s CAC 40 up 88 points at 6,576 and Italy’s FTSE MIB 228 points higher at 25,552, according to data from IG.

[ariane] 06/10/2021 10:54

TOP NEWS: Anglo American thinking through succession, says Cutifani

Wed, 6th Oct 2021 10:31
Alliance News

(Alliance News) - Anglo American PLC boss Mark Cutifani said on Wednesday it is up to the board to decide when his term will come to an end amid speculation that his exit is imminent.

The board has been thinking through how it would like to handle succession planning at the sprawling mining company that owns platinum, gold, diamond and iron ore assets, Cutifani told delegates at the Mining Indaba on Wednesday.

"It's in the board's hands," he said. "They will let us know when they will make a decision and how they want to go forward."

Cutifani, who has been chief executive at Anglo since 2013, said he had made a commitment to the board to see the Quellaveco copper project in Peru through to its completion.

The development has an expected capital cost of USD5.0 billion to USD5.3 billion. It is 60% owned by Anglo American and Mitsubishi Corp hold the rest.

The Quellaveco project is on plan and on budget despite wasting six months to Covid-19, Cutifani said, projecting it will be completed in the first half next year.

At the two-day Mining Indaba, held virtually, Cutifani also predicted that South African commodities will be in high demand as the world abandons carbon emissions and embraces greener future.

The local mining industry, he said, was stepping up to the plate in response to climate change. He highlighted platinum group metals, copper and iron ore as some of the minerals that stood to benefit from transition to greener economy.

Countries, accounting to 70% of the global gross domestic product, have pledged net zero emissions by 2050.

"Sustainability comes with [high] business performance," said Cutifani.

By Artwell Dlamini; [e-mail]

[waldron] 05/10/2021 19:37

Profiling the world’s top five iron ore producing companies in 2020

Features & AnalysisMiningOther Commodities

By NS Energy Staff Writer 10 May 2021

Many of the world's largest miners are involved in producing iron ore, with significant amounts of activity based in Western Australia
Iron Ore Christmas Creek Australia - FMG

Christmas Creek iron ore processing facility in Western Australia (Credit: Fortescue Metals Group)

Iron ore producing companies supply a vital component of modern industry, with iron ore used across the world primarily as an ingredient in steel manufacturing.

The metallic ores, which can vary in colour from dark grey and bright yellow, to purples and reds, comprise around 5% of the Earth’s crust and are commonly found in four main types of deposit, the most frequently mined being hematite.

Worldwide production of these ores totalled an estimated 2.4 billion tonnes in 2020, according to data from the US Geological Survey.

This was slightly lower than in 2019, largely due to disruption caused by the coronavirus pandemic – but analysts have forecast a rebound over the coming years as mining operations resume and demand, driven by China’s huge steelmaking industry, makes a resurgence.

Australia possesses the world’s largest-known iron ore reserves with around 50 billion tonnes available to be unearthed, and many of the most productive iron ore miners have based their operations in this country.

Here, NS Energy profiles the top five iron ore producing countries in the world, based on their mining output in 2020.


Top five largest iron ore producing companies in the world in 2020


1. Vale – 300 million tonnes

Brazilian miner Vale was the world’s top producer of iron ore in 2020, with an output totalling just over 300 million tonnes – a small decline from 2019 when it produced 302 million tonnes of the metallic ore.

The Carajás mine in northern Brazil is Vale’s largest operation and is among the biggest iron ore mines in the world.

Brazil ranks second among countries with the world’s largest iron ore reserves, and Vale’s production operations are focused in this region of South America.

Vale’s iron ore production has fallen from former heights in recent years, but the miner is targeting annual production capacity of 400 million tonnes by the end of 2022.

The company is headed by chief executive officer Eduardo Bartolomeo.


2. Rio Tinto – 286 million tonnes

Anglo-Australian miner Rio Tinto produced just under 286 million tonnes of iron ore in 2020 – a 1.7% increase on the previous year.

The company’s iron ore operations are largely based in the Pilbara region of Australia, which is the world’s top iron ore producing country and home to the largest known reserves.

It’s Pilbara operations comprise a network of 16 iron ore mines, four independent port terminals, a 1,700-kilometre rail network and other related infrastructure.

Rio Tinto also has a majority interest in Iron Ore Company of Canada (IOC), which contributed 10.4 million tonnes to its overall production in 2020.

Jakob Stausholm is currently chief executive officer, having replaced former boss Jean-Sébastien Jacques who resigned in 2020 after Rio’s controversial destruction of an aboriginal heritage site in Pilbara during 2020.


3. BHP – 248 million tonnes

Australia-headquartered BHP mined just over 248 million tonnes of iron ore in its financial year ended 30 June 2020, marking a 3.9% annual increase.

In the six months to December 31 2020 – the first half of its 2021 financial year – the company produced 128 million tonnes of iron ore, and has set full-year guidance at 245-255 million tonnes.

Like Rio Tinto, BHP’s iron ore assets are focused in the resource-rich Pilbara region of Western Australia, including five mines, four processing hubs and two port facilities, known collectively as Western Australia Iron Ore (WAIO).

The diversified miner, which is also second among the world’s largest copper mining companies, is headed by CEO Mike Henry, who has been in the role since January 2020.

He succeeded former boss Andrew Mackenzie who has since been appointed chairman of oil major Royal Dutch Shell.
iron ore producing companies
Mining truck at BHP’s Newman iron ore hub in Pilbara, Western Australia (Credit: BHP)
4. Fortescue Metals Group – 204 million tonnes

Australia’s Fortescue Metals Group (FMG) ranks fourth among the world’s largest iron ore producing companies, with output of just over 204 million tonnes in its financial year ended 30 June 2020 – a slight decrease compared to the previous 12 months.

In the first half of its 2021 financial year, the company produced 108.4 million tonnes of iron ore.

Unlike the other companies on this list which have diversified interests across a number of commodities, FMG’s sole focus has historically been on iron ore mining.

However, it is also in the process of broadening its horizons with exploration ventures in other parts of Australia as well as in Ecuador, Argentina, Colombia, Peru, Portugal and Kazakhstan for minerals including copper, gold and lithium.

The miner operates assets across the Pilbara region, including the Chichester and Solomon mining hubs, and it is in the process of developing the Western Hub, which will be home to the Eliwana mine.

Fortescue is headed by chief executive officer Elizabeth Gaines, who has held the position since 2017 and was previously the company’s chief financial officer.


5. Anglo American – 61 million tonnes

Anglo American produced just over 61 million tonnes of iron ore in 2020, down from 65.5 million tonnes in the previous year.

The London-headquartered mining business has two major operations focused on iron ore production – a majority ownership of the Kumba project in South Africa as well as the Minas-Rio operation in Brazil.

The Kumba project comprises two open pit mines – Sishen and Kolomela – with production shipped to China, Japan, Europe, India and the Americas.

Mark Cutifani has been Anglo American CEO since 2013.

[waldron] 30/9/2021 09:19

Anglo American: RBC upgrades from Sector Perform to Outperform with a target of GBp3,450.

[philanderer] 29/9/2021 13:47

(Sharecast News) - RBC Capital Markets upgraded miner Anglo American on Wednesday, but downgraded its stance on BHP.

The bank lifted Anglo American to 'outperform' from 'sector perform' but cut the price target to 3,450p from 3,600p

"With the shares having pulled back and platinum group metals prices stabilising, Anglo's diversified and growth-heavy portfolio of assets returns to our outperform list," RBC said.

It said the stock's valuation is attractive and higher metallurgical coal prices help to offset some of the iron ore price weakness.

"With the balance sheet in good shape, Anglo's portfolio places it in a strong position for the post-iron ore spike world," it added.

[this tea tastes of chicken] 22/9/2021 15:21

Made initial purchase this morning. Value at these levels.

[philanderer] 22/9/2021 09:56

JEFFERIES CUTS ANGLO AMERICAN PRICE TARGET TO 3,100 (4,000) PENCE - 'BUY'

[philanderer] 20/9/2021 10:27

BERENBERG CUTS ANGLO AMERICAN PRICE TARGET TO 3,900 (4,100) PENCE - 'BUY'

[philanderer] 20/9/2021 10:15

No bounce then ;-)

[buywell3] 20/9/2021 09:41

free stock charts from uk.advfn.com

[deanroberthunt] 20/9/2021 09:34

Down over 20% in a few days, impressive considering it's a large cap miner

[deanroberthunt] 20/9/2021 08:54

deanroberthunt17 Sep '21 - 09:00 - 140 of 155 Edit
0 0 0
2400 would be the completion of the h n s target

hit first thing this morning, time to buy

[philanderer] 19/9/2021 23:51

cp, fair point.

Let's see if there's a bounce in the iron ore price this week.

[cheshire pete] 19/9/2021 23:03

So how could they have predicted the Aukus agreement then?

[philanderer] 19/9/2021 10:31

It's strange how all these so called experts can explain to you why it happened after the event but never predicted it a few weeks ago.


Here's the latest views with the UBS prediction hit the day it came out:


17th sept Morgan Stanley eq-weight tp 3320p
17th sept UBS sell tp 2600p
14th sept Barclays overweight tp 3600p
13th sept JP Morgan neutral tp 3050p
3rd sept Jefferies buy tp 4000p
3rd aug Goldmans buy tp 4300p
3rd aug Deutsche buy tp 3600p
3rd aug RBC sector perform tp 3600p


29th july ++++ Results ++++

[vwcaddy] 19/9/2021 08:48

hxxps://www.smh.com.au/business/the-economy/getting-punched-in-the-face-investors-brace-for-iron-ore-falls-as-china-tensions-linger-20210919-p58sy1.html

[vwcaddy] 19/9/2021 08:17

hxxps://www.smh.com.au/business/the-economy/getting-punched-in-the-face-investors-brace-for-iron-ore-falls-as-china-tensions-linger-20210919-p58sy1.html

[philanderer] 18/9/2021 00:53

European markets close lower as growth fears weigh on global sentiment

Anglo American sinks 8%


LONDON — European markets closed lower on Friday as global investors continued to weigh the prospect of slowing economic growth

At the bottom of the European blue chip index, British-listed mining giant Anglo American fell 8.2% after UBS and Morgan Stanley both downgraded the stock and cut their price targets.

[philanderer] 18/9/2021 00:53

Iron ore slumps below $100 a tonne.

[36redhill] 17/9/2021 17:57

Great time to buy.