Anglo American Share Discussion Threads

[florenceorbis] 21/2/2022 09:02

Anglo American PLC said Monday that it has restarted operations at its Grosvenor metallurgical coal mine in Queensland, Australia.

Last week the FTSE 100 mining group received confirmation that operations could restart following a gas incident in May 2020.

Anglo American added that its 2022 metallurgical coal production guidance is now expected toward the lower end of the 20 million-22 million metric tons range. Unit cost guidance has been raised to $85 a ton from the previous $80.

"Over the past 18 months, we have worked with leading industry experts and invested significantly in automation technology, remote operations, gas management and data analytics, introducing a number of advancements in the way underground coal mines can operate," Tyler Mitchelson, CEO of Anglo American's metallurgical coal business, said.



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



(END) Dow Jones Newswires

February 21, 2022 03:38 ET (08:38 GMT)

[waldron] 11/2/2022 07:06

Anglo American Platinum Expects 2021 Headline Earnings, Headline EPS to Rise
02/11/2022 | 06:52am GMT


By Anthony O. Goriainoff

Anglo American Platinum Ltd. said Friday that it expects to report that 2021 headline earnings and headline earnings per share rose, and that this was in part driven by a 22% increase in the rand basket price for platinum group metals.

The South African miner said it expects headline earnings for the year to be between 74.8 billion and 80.8 billion South African rand ($4.93 billion to $5.33 billion) compared with ZAR30.3 billion in 2020.

Headline earnings per share will increase to between 28,435 and 30,716 South African cents a share, compared with 11,554 cents in 2020, the company said.

Basic earnings are likely to be between ZAR74.7 billion and ZAR80.7 billion compared with ZAR30.3 billion in 2020. EPS is expected to be between 28,397 and 30,678 South African cents compared with 11,553 cents in 2020.

The company said the increase in earnings was also driven by an 82% increase in platinum group metals sales volumes.

"This was partially offset by an increase in purchase-of-concentrate costs, an increase in taxation and royalties [which flow from higher prices and sales volumes], as well as higher mining and processing costs due to higher input inflation and increased production," Anglo American Platinum said.

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

(END) Dow Jones Newswires

02-11-22 0152ET

[waldron] 04/2/2022 15:14

Iain Gilbert
Sharecast News

31 Jan, 2022 09:55

Berenberg raises target price on Anglo American


Analysts at Berenberg raised their target price on mining group Anglo American from 3,300.0p to 3,500.0p on Monday, stating its 2022 consensus had scope to "grind higher".


Berenberg said Anglo American shares had outperformed year-to-date, up 10% in volatile markets, and while it feels that the diversified mining sector was looking "fairly fully valued", mainly on the consensus view that commodity prices will ease over the coming years, the analysts also believe it is looking "increasingly likely" that a metals-intensive energy transition keeps prices higher for longer, and, in the case of certain commodities, supply/demand challenges are playing a part in price spikes.

The German bank, which reiterated its 'buy' rating on the stock, noted that metallurgical coal was a good example, with tight markets contributing to spot prices of around $400 per tonne - well above its more conservative $269 per tonne estimate and consensus of $250 per tonne. The same goes for other commodities, such as iron ore, rhodium, and nickel, it said.

"We, therefore, believe that while Anglo American is approaching fair value on our base-case estimates, there is scope for consensus to continue to surprise to the upside, and this, coupled with a fairly optimistic outlook for infrastructure spending, should help Anglo American shares to grind higher," said Berenberg.

"Anglo American offers an 11% FCF yield for 2022E and we are 5% ahead of EPS consensus; marking to market at spot, our FCF yield jumps to 16% and we are 38% ahead of consensus. While we think that there is scope for moderation in prices as supply comes online, we still expect rising consensus estimates, which should be supportive for Anglo American shares."

[waldron] 04/2/2022 14:18

Maybe not

what with only 95 posts over nearly 5 years
not exactly a worthwhile contribution

who you kidding

As said previously trading requires watching frequent daily share movements to ensure hopefully efficient
buying and selling decisions

[hopefuldave] 04/2/2022 12:59

Smart Alec remark! I was just being friendly and looking for some helpful advice maybe.

[waldron] 04/2/2022 08:34

CHUCKLE

IF YOU DONT KNOW, ITS NO GOOD ASKING US

perhaps you should consider trading

[hopefuldave] 04/2/2022 08:29

Morning!, can I ask, why do I keep checking the share price 10 times a day?,when I bought them to hold for the dividends?.

[waldron] 02/2/2022 08:27

Anglo American PLC said Wednesday that rough-diamond sales by its majority-owned De Beers Group rose 0.5% in 2022's first sales cycle compared with the first cycle of 2021 as buyers restocked.

The diversified mining company said it benefited from strong consumer demand for diamond jewelry over the holiday season.

De Beers sold $660 million of diamonds in the first sales cycle of the year compared with $336 million in the 10th cycle of 2021 and $663 million in last year's first cycle, Anglo American said. 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 world. The figures are based on expected sales between Jan. 17 and Feb. 1.



Write to Ian Walker at [e-mail]



(END) Dow Jones Newswires

February 02, 2022 02:42 ET (07:42 GMT)

[grupo] 01/2/2022 16:06

Proactive

13:30 Tue 01 Feb 2022

Copper key to big miners as China recovers says Credit Suisse

Rio Tinto and Anglo American are its top picks with shares in both up strongly today.

Credit Suisse is still a fan of big mining, with the prospect of a Chinese recovery and higher than expected rates of inflation making current valuations very attractive says the broker.

Capital discipline is very high and many areas of the industry have a strong renewables angle, said the broker.

Copper in particular has appeal, especially given its high correlation to China PMIs, with half of global industrial demand emanating there.

Recent fourth quarter statistics showed Chinese infrastructure demand marginally improving, suggesting a turn in momentum, while an easing in supply chain bottlenecks also favours the mining sector.

Rio Tinto PLC (LSE:RIO) and Anglo American are its top picks with shares in both up strongly today.

[misca2] 31/1/2022 10:03

Iain Gilbert
Sharecast News
31 Jan, 2022 09:55


Analysts at Berenberg raised their target price on mining group Anglo American from 3,300.0p to 3,500.0p on Monday, stating its 2022 consensus had scope to "grind higher".


Berenberg said Anglo American shares had outperformed year-to-date, up 10% in volatile markets, and while it feels that the diversified mining sector was looking "fairly fully valued", mainly on the consensus view that commodity prices will ease over the coming years, the analysts also believe it is looking "increasingly likely" that a metals-intensive energy transition keeps prices higher for longer, and, in the case of certain commodities, supply/demand challenges are playing a part in price spikes.

The German bank, which reiterated its 'buy' rating on the stock, noted that metallurgical coal was a good example, with tight markets contributing to spot prices of around $400 per tonne - well above its more conservative $269 per tonne estimate and consensus of $250 per tonne. The same goes for other commodities, such as iron ore, rhodium, and nickel, it said.

"We, therefore, believe that while Anglo American is approaching fair value on our base-case estimates, there is scope for consensus to continue to surprise to the upside, and this, coupled with a fairly optimistic outlook for infrastructure spending, should help Anglo American shares to grind higher," said Berenberg.

"Anglo American offers an 11% FCF yield for 2022E and we are 5% ahead of EPS consensus; marking to market at spot, our FCF yield jumps to 16% and we are 38% ahead of consensus. While we think that there is scope for moderation in prices as supply comes online, we still expect rising consensus estimates, which should be supportive for Anglo American shares."

[philanderer] 31/1/2022 09:58

BERENBERG RAISES ANGLO AMERICAN PRICE TARGET TO 3,500 (3,300) PENCE - 'BUY'

SOCGEN RAISES ANGLO AMERICAN PRICE TARGET TO 3,260 (3,000) PENCE - 'HOLD'

JEFFERIES CUTS ANGLO AMERICAN TO 'HOLD' ('BUY') - TARGET 3,300 PENCE

GOLDMAN RAISES ANGLO AMERICAN PRICE TARGET TO 3,755 (3,450) PENCE - 'BUY'

[waldron] 31/1/2022 07:20

Anglo American Platinum Ltd. said on Monday that it sold its 50% interest in the Kroondal and Marikana Pool-and-share Agreements to Sibanye-Stillwater Ltd. for 1 rand (6 cents).

The South African miner said the conditional transaction will extend the project's life-of-mine, and that Sibanye will take over all closure costs and rehabilitation liabilities.

"By enabling Kroondal to mine through the boundary at Sibanye-Stillwater's Rustenburg operations, we will extract our attributable share of the Kroondal reserves more quickly and efficiently than under the previous mine plan, unlocking greater value for Anglo American Platinum and Sibanye-Stillwater," the company said.



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



(END) Dow Jones Newswires

January 31, 2022 01:42 ET (06:42 GMT)

[waldron] 27/1/2022 09:28

Anglo American PLC on Thursday reported broadly flat production for the fourth quarter. Here's what the mining major had to say:



On 4Q production:



"Our production was broadly flat compared to 4Q of 2020, with our operating levels at approximately 95% of normal capacity through the year, largely due to the ongoing Covid related effects on the operating environment."



"Production in the fourth quarter benefited from higher rough diamond production at De Beers, a return to pre-Covid production levels at our open cut metallurgical coal mines and improved mining performance at Amandelbult which resulted in higher metal in concentrate production from our PGMs business. At our copper operations, Collahuasi's production increased as a result of strong plant performance and planned maintenance in the comparable period of 2020."



"Rough diamond production increased by 15%, principally from Jwaneng in Botswana as well as in Namibia, reflecting planned higher production in response to strong consumer demand."



"Our Platinum Group Metals (PGMs) operations more than doubled refined production in the quarter, and resulted in a record full year refined production of 5.1Moz. This has substantially reduced work-in-progress inventory, and resulted in a 62% increase in co-product nickel production for the full year to 22,300 tonnes. Together with our primary nickel output, group total nickel production reached 64,000 tonnes in 2021, a 12% increase year-on-year."



"Metallurgical coal production increased by 5%, reflecting an increase in production at the Dawson open cut operation, partially offset by Moranbah which continues to be affected by areas of challenging geology."



"Our copper operations' full year production was in line with the prior year, mitigating the ongoing water challenges from the severe drought conditions."



"Full year iron ore production increased by 3%, although lower in the quarter, despite unplanned maintenance at Minas-Rio and third party rail performing below planned levels affecting Kumba's production for the year."



On 2022 outlook:



"As we move into 2022, we are pleased with the construction progress at Quellaveco, our new copper mine in Peru. We are on track and within budget, we mined our first ore in October 2021, and we are expecting our first production of copper concentrate in the middle of this year."



"In the first quartile of the cost curve, we expect Quellaveco to produce 120,000-160,000 tonnes of copper production in 2022 and to average 300,000 tonnes per year for the first ten years at full production."



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



(END) Dow Jones Newswires

January 27, 2022 03:26 ET (08:26 GMT)

[philanderer] 21/1/2022 14:10

Mining titan's bet on fertiliser jackpot under the North York Moors hits trouble

[philanderer] 20/1/2022 15:54

'Vale Weighs Bid for a Stake in Anglo’s Brazil Iron Mine'

(Bloomberg) -- Vale SA, the world’s second-largest iron ore producer, is considering acquiring a stake in Anglo American Plc’s huge Minas-Rio project in Brazil, according to people familiar to the matter. Preliminary talks that started last year so far haven’t advanced enough to be presented to the companies’ boards and may not result in a deal, the people said, asking not to be named because the

[philanderer] 20/1/2022 13:56

Liberum cuts Anglo American to 'hold' (buy) - price target 3,020 (3,210) pence

[foxy22] 19/1/2022 14:47

Anglo american moving to all time high!!

[casket1] 18/1/2022 14:50

nutter on filter.....unless you have missed off the 4 and that should be £42, which will be way closer