Anglo American Share Discussion Threads

[philanderer] 06/4/2022 10:08

Berenberg raises Anglo American price target to 4,300 (3,800) pence - 'buy'

[kreature] 02/4/2022 19:37

So is it fair to say that they won’t be digging down towards the polyhalite this year? But they will be digging the subway line ? :

The Woodsmith team is ‘working through the detailed design engineering throughout 2022 and is expected to make a number of changes to the phasing of work, particularly in relation to the two main shafts.’

March 2022 press
‘Anglo American has confirmed 70 redundancies as it moves between construction phases. Workers claim the firm is getting ready to hand over work to "foreign companies with foreign labour" to sink the mine shafts’

[kreature] 29/3/2022 23:19

How’s the underground commuter line service coming along linking Whitby to Teeside? Oh sorry, I forgot you guys still think it’s for salt rock fertiliser. Fair enough, so how deep is the mine’s services shaft and it’s production shaft ? The production shaft and the services shaft are supposed to be 1500m deep. …but they seem to have been stuck at 120 meters for years….You guys see a mine that doesn’t exist, and I see a train line that does exist. Anyway whatever, my opinions only as always

June 2020
shafts at Woodsmith still at 120m
while the shafts at Woodsmith are completed to 120m depth and work on extending them will re-start later this year.


Aug 2020 - shaft still at 120m


and 4th April 2021 (last sentence)

'there is some risk to that and it is around the shaft timing'


July 2021 RNS
‘At the mine head, shaft boring has started in the services shaft, while good progress is also being made on the production shaft infrastructure’……’ we are also working through the detailed scheduling of the two shaft installations’

24.2.2022 RNS
‘ At the mine head itself, shaft boring has started in the services shaft, while progress is also being made on the production shaft infrastructure.’…………………’ Ahead of the full project execution phase, the Woodsmith team, led by new CEO Tom McCulley, is working through the detailed design engineering throughout 2022 and is expected to make a number of changes to the phasing of work, particularly in relation to the two main shafts. The capital budget for 2022 is therefore expected to be reduced by approximately $0.1 billion to $0.6 billion to accommodate these changes……Anglo American expects that the improvements it is making to the project will result in an enhanced configuration and therefore a different and longer construction schedule. ‘

[waldron] 25/3/2022 07:26

Anglo American PLC Sale of remaining shareholding in Thungela
25/03/2022 7:00am
UK Regulatory (RNS & others)

TIDMAAL

RNS Number : 0336G

Anglo American PLC

25 March 2022


25 March 2022
Anglo American completes sale of remaining shareholding
in Thungela Resources



Anglo American plc ("Anglo American") announces the sale of the group's remaining 8.0% shareholding in Thungela Resources Limited ("Thungela") through an accelerated book build placing to a number of major financial institutions, realising gross proceeds of R1,672 million (approximately US$115 million). The Thungela shares were placed at a price of R154 per share, representing a 12% discount to the closing share price on 24 March 2022 and a 4% discount to the closing share price on 23 March 2022.

At the time of the demerger of Thungela to Anglo American's shareholders, which completed in June 2021, Anglo American stated its intention to dispose of its remaining interest in Thungela over time and in a responsible manner, subject to market conditions and not within the first six months following the demerger. Following the end of that six month period in December 2021 and the end of Thungela's closed period following the announcement of its 2021 results on 22 March 2022, Anglo American launched and completed the sale of its remaining shares and no longer holds any shares in Thungela.

[cheshire pete] 23/3/2022 19:05

Commodity prices?...espec. iron ore and copper.

[eggbaconandbubble] 22/3/2022 19:10

It isn't as if Wall street came in 500 points down. Or Putin surrendered/popped his clogs!

[this tea tastes of chicken] 22/3/2022 16:53

Short term shenanigans that's all. We're in the early inns of a cycle here and I won't be letting anyone have the ones I bought last year anytime soon.

[davetedjack] 22/3/2022 16:34

I love up days. I can live with down days. I just hate days that start very positive and then for no apparent reason just fall like a brick. I hate days when my finger hovers on a sell at 4003 and for some reason I don't take it. It will return but I can't fathom the reason. Maybe everyone else didn't hover and sold at the round number (but some don't believe round numbers are important)Onwards and upwards

[eggbaconandbubble] 22/3/2022 16:28

I came here to ask the same question! Also happened to my other miners BHP, GLEN, RIO.

[davetedjack] 22/3/2022 16:07

What happened at 12.30 today to cause the drop from over 4000 to 3880 when it was doing so well. Have I missed something

[the grumpy old men] 21/3/2022 16:27

miningmagerzine


Anglo, EDF to build renewables grid

The grid will power 100% of Anglo American’s South African mining operations


Anglo American will work with EDF Renewables to power operations


21 March 2022


Jax Jacobsen

Anglo American has signed a memorandum of understanding with EDF Renewables to build a renewables grid in South Africa.

The grid will power 100% of Anglo American's South African mining operations.

The companies will build a network of on-site and off-site solar and wind farms. In the next decade, the partnership plans to build 3 GW to 5 GW of renewable electricity and storage.

Anglo American said several partners will provide equity financing for the Regional Renewable Energy Ecosystem, in addition to debt financing.

The grid will also assist in the development of new economic sectors in South Africa, as well as local production and supply chains.

Moving towards renewable energy for South African operations will address Anglo American's Scope 2 emissions footprint, chief executive Mark Cutifani said. Electric power is a significant source of the company's Scope 2 emissions.

It complements the company's Future Smart Mining programme, which includes a hydrogen haul truck system and the development of South Africa's Hydrogen Valley. Anglo American aims to be carbon-neutral by 2040.

Anglo American already powers all its South American operations with renewable energy. By 2023, the company expects its global grid supply to be 56% renewable energy.

The move towards renewable energy will also assist South Africa with its Just Energy Transition, Nolitha Fakude, who chairs Anglo American's management board in South Africa, said.

"We intend to incorporate a Black Economic Empowerment [BEE] partner into our regional renewable energy ecosystem and are exploring a range of community partnership models that will allow our host communities to share in the ecosystem's success," Fakude said.

Moving towards its own renewable power network will also protect Anglo American from ongoing power failures in South Africa, an issue that has plagued the country in recent years. In 2021, the country reported a record of 1,150 hours of power outages, Bloomberg reported.

[turvart] 19/3/2022 09:14

I was very impressed with how strong the share price was with AAL going EX-DIV, tried to top up @ 3555 with limit order and no chance.

[philanderer] 18/3/2022 12:08

HSBC reinitiates Anglo American with 'buy'

[waldron] 18/3/2022 09:21

Anglo American PLC said Friday that it has commissioned the Benguela Gem diamond recovery vessel, which will add 500,000 carats of high value diamonds to annual marine production.

The FTSE 100 diversified mining company said that the commissioning, which took place ahead of schedule and below budget, has allowed it to increase annual marine production by around 45% following an investment of around $420 million, of which around $210 million is attributable to the company.

"The commissioning of the Benguela Gem... marks further progress toward Anglo American's margin-enhancing organic growth of more than 20% over the next three years," Chief Executive Mark Cutifani said.

The company said that Benguela Gem is part of the fleet operated by the joint venture between De Beers Group and the government of Namibia.



Write to Sabela Ojea at [e-mail]; @sabelaojeaguix



(END) Dow Jones Newswires

March 18, 2022 04:38 ET (08:38 GMT)

[waldron] 18/3/2022 08:33

Anglo American PLC said Friday that it has signed a memorandum of understanding with Electricite de France SA to develop a regional renewable energy ecosystem in South Africa.

The mining company said this ecosystem will be designed to meet its power needs in South Africa through the supply of 100% renewable electricity by 2030.

"We are targeting carbon neutrality across our operations by 2040 and we are making good progress. Today's announcement is a further major step towards addressing our on-site energy requirements--the largest source of our operational emissions," Chief Executive Mark Cutifani said.



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



(END) Dow Jones Newswires

March 18, 2022 03:28 ET (07:28 GMT)

[philanderer] 16/3/2022 17:09

xd tomorrow morning for the final and special dividends = $1.68

[florenceorbis] 16/3/2022 16:30

Publication of Prospectus

Anglo American plc (the "Company") announces that the Prospectus of its subsidiary, Anglo American Capital plc, dated 16 March 2022 (the "Prospectus") relating to the US$500,000,000 3.875% Senior Notes due 2029 and the US$750,000,000 4.750% Senior Notes due 2052 guaranteed by the Company, has been approved by the UK Financial Conduct Authority and was published on the London Stock Exchange's website.

To view the Prospectus, please paste the following URL into the address bar of your browser:



The full document has been submitted to the National Storage Mechanism and will shortly be available for inspection at .

[bloomberg2] 16/3/2022 15:45

Hearing problems at the Potash mine ! Mothballed?

[sarkasm] 11/3/2022 09:09

Anglo American declared a special dividend of $0.6 billion in respect of the second half of 2021.

"Anglo American Declares $1B Special Dividend as 2021 Profit Quadrupled," on Feb. 24 at 0736 GMT and a subsequent update incorrectly said that the special dividend was $1 billion in the headline and in the copy.



(END) Dow Jones Newswires

March 11, 2022 03:47 ET (08:47 GMT)

[davetedjack] 10/3/2022 08:33

It was 3753.5

[foxy22] 10/3/2022 08:25

1.43 at what price

[foxy22] 10/3/2022 08:25

Deutshe bank

[foxy22] 10/3/2022 08:24

Well there is the dividend and special div coming upAnd upgrades this am from Deutschland and Jeffries 41 and 43 respectivelyOtherwise not aware

[davetedjack] 09/3/2022 23:20

I've not been following AAL long. It is a 1.43m buy an unusual trade ? It does seem a very large buy, is someone expecting something ?