Anglo American Share Discussion Threads

[waldron] 04/11/2021 18:48

Turvart
4 Nov '21 - 18:40 - 5927 of 5928
0 0 0
This is absolutely fantastic news that will transform the Aluminium Industry.

[philanderer] 03/11/2021 15:31

Indeed red. I may add a few more in the next couple of weeks.



Royal London’s Walters tops up Anglo American

Royal London’s Joe Walters has topped up his holding in Anglo American (AAL) as he backs the long-term investment opportunity in copper.

Citywire AA-rated Walters holds the miner in his £702m Royal London UK Equity fund and in his latest fund factsheet said he had added to the position after a share price fall.

‘We used a sharp fall in Anglo American to add to the holding,’ he said.

‘Longer term we believe that the outlook for copper remains attractive reflecting supply constraints and plans by governments to vastly increase [electrification].’

He noted the strong rises in energy prices and said if this continues ‘it will reduce consumer ability to spend and impact on corporate margins of those companies which are large users of power’.

Shares in Anglo American were down 3.3%, or 93p, at £27.20 on Tuesday, down by more than a fifth from an August peak above £34.

[redartbmud] 03/11/2021 15:10

phil

Could have dropped a few today, but didn't quite make target.
On the other hand happy to hold as the prices that I paid are undemanding in the medium to long term. there are worse places to put funds.

red

[philanderer] 03/11/2021 00:07

red, I think my trading days are over, I'm more of a buy and hold person now :-)

I've got an average price here of 1640p and quite happy to hold.

Luck with your investments :-)

[redartbmud] 02/11/2021 11:22

phil

The share has been volatile for a while now.
Asode from my holding, I have traded it, successfully, twice now - and could have made more on each trade!! Missed at least three more trading opportunities. Currently have two buys that should generate a handsome return.
Happy to hold the shares whilst inflation is around, economies are recovering and commodities will be needed.

[philanderer] 02/11/2021 11:02

CREDIT SUISSE CUTS ANGLO AMERICAN TARGET TO 3,250 (3,450) PENCE - 'OUTPERFORM'

[philanderer] 02/11/2021 10:55

"European markets have kicked off Tuesday’s session on a negative note driven by declines in basic resources as iron ore extends losses to hit a 16-month low.

"The FTSE 100 is hovering below key resistance at 7,300 with the next key support at 7,250. Investors are weighing up the largely resilient results coming out of European earnings season against a busy week for central banks with the potential for hawkish shifts from the Fed and the Bank of England as soon as this week."

In equity markets, miners were under the cosh as copper and iron ore prices declined, with BHP, Anglo American, Rio Tinto and Glencore all down.

ADVFN

[sarkasm] 30/10/2021 22:16

The Global Energy Crunch Has Sent Steel Production Crashing

By Ag Metal Miner - Oct 30, 2021, 2:00 PM CDT


Global steel production has declined for the fourth month in a row.

The global energy crunch is forcing many producers to curb output.

Metals producers across the globe are feeling the burden of rising energy costs.

Global crude steel production declined in September, marking the fourth straight month of month-over-month declines.

Global crude steel production falls to 144.4 MT

September global crude steel production fell to 144.4 million metric tons, the World Steel Association reported this week.

Metals producers around the world have felt the burden of rising energy costs, as we’ve noted in previous articles. Zinc prices, for example, have since retraced but earlier this month soared to 14-year highs. Belgian zinc producer Nyrstar said it would slash production in response to rising energy costs.

As for steel, September output declined from 154.4 million metric tons the previous month. Meanwhile, output declined by 8.9% on a year-over-year basis.

Top producer China saw its output fall from 83.2 million metric tons to 73.8 million metric tons in September.

The China Iron and Steel Association overviewed the sector’s third-quarter performance on Monday.

“The steel industry has actively responded to changes in domestic and international demand and made efforts to overcome difficulties such as high raw and fuel material prices and rising pressure on ‘double carbon’ environmental protection,” CISA said. “The overall operation trend in the first three quarters was good, making outstanding contributions to meeting the steel demand of downstream industries and ensuring the sustainable recovery of the national economy. However, it also faces challenges such as a more complex market environment and difficulty in reducing costs and increasing efficiency.”

India, the second-largest steel producer, churned out 9.5 million metric tons amid a coal crisis of its own. The total marked a 7.2% year-over-year increase. However, output declined from August’s 9.9 million metric tons.

Meanwhile, Japanese output reached 8.1 million metric tons, or up 25.6% year over year.

E.U. production totaled 12.7 million metric tons, or up 15.6% year over year.

By AG Metal Miner

More Top Reads From Oilprice.com:

[sarkasm] 29/10/2021 10:09

Anglo American PLC said Friday that it aims to reduce its Scope 3 emissions by 50% by 2040 and that it expects to draw 56% of grid electricity supply from renewables by 2023.

Scope emissions are the way in which greenhouse gas emissions are categorized by the Greenhouse Gas Protocol. Scope 1 covers direct emissions from owned and controlled sources, with Scope 2 covering indirect emissions from the generation of purchased electricity, steam, heating and cooling consumed by a company. Scope 3 includes all other indirect emissions that may take place within a company's value chain.

The diversified mining company said it was working to reduce emissions in its supply chain and logistics--particularly in shipping--and that it was working with customers and technology partners on low-carbon steelmaking technologies.

Last year, Anglo American reported that in 2018 Scope 3 emissions accounted for 93.4% of its total Scope 1, 2 and 3 emissions and that this was mainly related to steelmaking and coal use by customers.

It added that in 2020 just over one third of the electricity it used globally was drawn from renewable sources, and that it had secured 100% renewable electricity supply across its operations in Brazil, Chile and Peru.

The company also said that it aims to stop the use of diesel in its mine truck field, which accounts for 10% to 15% of its Scope 1 emissions.



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



(END) Dow Jones Newswires

October 29, 2021 04:42 ET (08:42 GMT)

[philanderer] 25/10/2021 10:20

MORGAN STANLEY CUTS ANGLO AMERICAN TARGET TO 3,010 (3,100) PENCE - 'EQUAL-WEIGHT'

[philanderer] 22/10/2021 10:44

GOLDMAN CUTS ANGLO AMERICAN PRICE TARGET TO 3,600 (3,700) PENCE - 'BUY'

[philanderer] 22/10/2021 00:03

Market report:


Anglo American was also down 2.7 per cent, to 75.5p, to 2762.5p after a mediocre production report in which it said copper production had fallen 6 per cent in the three months to October due to maintenance work at its Collahuasi mine in Chile.

However, the firm also flagged a 28 per cent increase in diamond production as demand for sparkling stones rebounded in its key US and Chinese markets.

[philanderer] 21/10/2021 13:48

Alliance News

The morale of investors was knocked in the overnight Asian session after the collapse of China Evergrande's planned USD2.5 billion sale of a property services unit left the troubled company closer than ever to its end, ramping up fears it will soon go under and hurt the Chinese economy

The firm on Wednesday warned "there is no guarantee that the group will be able to meet its financial obligations".

This has heightened fears over what a collapse of Evergrande could mean for the wider Chinese economy, given the property sector makes up a substantial part.

In London, miners - reliant on China as a customer - were the worst performers at midday, with Anglo American down 4.6%, BHP Group down 3.7%, Rio Tinto down 3.6% and Glencore down 2.9%.

[waldron] 21/10/2021 05:50

European markets head for mixed open ahead of busy day for earnings

Published Thu, Oct 21 202112:19 AM EDT

Holly Ellyatt
@HollyEllyatt
cnbc

Key Points

European stocks are expected to open in mixed territory on Thursday ahead of a busy day of earnings reports in the region.

The U.K.’s FTSE index is seen opening 17 points lower at 7,207, Germany’s DAX 21 points lower at 15,503, France’s CAC 40 7 points lower at 6,701 and Italy’s FTSE MIB up 11 points at 26,417, according to IG data.

[waldron] 20/10/2021 18:17

Upcoming events on ANGLO AMERICAN PLC


October/21/2021 Q3 2021 Sales and Revenue Release - Production Report

[craftyale] 20/10/2021 15:52

People keep buying shiny rocks from the ground. Excellent, recently bought into AAL due to the what I hope is a dip in share price. Tucked away for dividend income now.

[waldron] 20/10/2021 08:43

Anglo American PLC said Wednesday that rough-diamond sales by its majority-owned De Beers Group fell 6.1% in the eight sales cycle of 2021 compared with the previous cycle, but said sales were higher compared with the same cycle last year.

The diversified mining company said that U.S. consumer demand for diamond jewelry continues to perform strongly ahead of the key holiday season. It added that sales during the period were strong ahead of the Diwali holiday when demand is likely to be hurt by the closure of polishing factories in India.

De Beers sold $490 million of diamonds in the eight cycle of the year compared with $522 million in the seventh and $467 million for the eighth 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 Oct. 4 and Oct. 19.



Write to Ian Walker at [e-mail]



(END) Dow Jones Newswires

October 20, 2021 02:45 ET (06:45 GMT)

[the count of monte_cristo] 11/10/2021 15:51

What do you guys think about the potential for AA to purchase Xtract Resources (XTR) Bushranger copper-gold project in NSW if they meet the buy-in benchmarks?

[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]