Anglo American Share Discussion Threads

[sarkasm] 21/4/2022 07:38

A BAD DAY FOR MINERS


Rio Tinto
5,711 -2.38%


Bhp
2,829.5 -2.08%


Anglo American
3,824 -5.24%

Glencore
502.2 -3.22%

[waldron] 21/4/2022 06:57

Anglo American PLC said Thursday that it has raised its cost guidance for 2022 by 9%, reflecting stronger currencies in commodity-producing countries, inflationary pressures and lower expected production volumes.

The FTSE 100 diversified mining group is facing a hit from higher diesel prices, and has raised cost guidance for all major commodity operations except diamonds.

In addition, the company downgraded 2022 production guidance for platinum group metals, iron ore and metallurgical coal.

In the first quarter, Anglo American said its platinum group metals production fell 6% to 956,000 ounces compared with a year earlier. Iron ore output dropped 19% to 13.2 million metric tons, and copper declined 13% to 140,000 metric tons.

The company also produced 8.9 million diamond carats, 9,300 tons of nickel, 2.2 million tons of metallurgical coal and 804,000 tons of manganese in the first three months of the year.

"Production in the normally slower first quarter was 10% lower than the same period in 2021, impacted by peak Covid-related absenteeism, high rainfall affecting operations in South Africa and Brazil, and safety and other operational challenges at metallurgical coal and iron ore operations," Chief Executive Mark Cutifani said.



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



(END) Dow Jones Newswires

April 21, 2022 02:35 ET (06:35 GMT)

[kreature] 20/4/2022 18:16

So is RBC arranging dumping then? Is it like AIM on a bigger scale ? Does rising interest rates and Brexit have any effect/affect here?

[mansell59] 20/4/2022 12:57

Looking at Rio's statement today..I think they'll be some profit taking in the whole sector over the next few days

[philanderer] 20/4/2022 09:16

RBC raises Anglo American price target to 4,400 (4,200) pence - 'outperform'

[kreature] 17/4/2022 13:39

No mention of the LadyCross campsite service shaft developments in the financial results? Wouldn’t it be good to have another at Danby?

[squintyflinty] 13/4/2022 10:08

Thanks Sogoesit

[the grumpy old men] 13/4/2022 07:35

Anglo American PLC said Wednesday that rough-diamond sales by its majority-owned De Beers Group rose 26% in 2022's third sales cycle compared with the year-earlier third cycle, though it cautioned about the impact on the industry from the war in Ukraine as well as Covid-19-related lockdowns in China.

The FTSE 100 diversified mining company said De Beers sold $565 million of diamonds in the third sales cycle of the year, compared with $450 million in the third cycle of 2021 and $652 million in the second cycle of 2022. There are 10 sales cycles each year.

"As we head into the seasonally slower second quarter of the year, diamond businesses are adopting a more cautious and watchful approach in light of the war in Ukraine and associated sanctions, as well as Covid-19 lockdowns in China," De Beers Group Chief Executive Bruce Cleaver said.

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 March 28 and April 12.



Write to Ian Walker at [e-mail]



(END) Dow Jones Newswires

April 13, 2022 03:05 ET (07:05 GMT)

[sogoesit] 12/4/2022 15:56

No, the trailing (TTM) yield, at 4100p, is 7.57%

Here's a useful site:

[squintyflinty] 12/4/2022 13:55

The dividend at present including specials is 8.12% according to advfn. Is this correct?

[foxy22] 12/4/2022 12:57

I've got Aal Teck Glencore FmgAlso smaller holdings in bhp thungela,Sibanye,Barrack gold ex randgold

[sogoesit] 12/4/2022 10:46

I'm beginning to think this will be my Major Miner for the coming year.
With a trailing yield of 5-1/2% (near 8% with specials) and a chart that looks consistently capital rewarding it looks better overall than RIO or FMG (BHP still re-structuring so difficult to gauge).

Over the last year group wide EBITDA margin has increased from 38% to 56% and EBITDA contributions were 22% Cu, 37% Fe, 38% PGM and about 2% Ni/Mg which is better balanced than RIO (more than three-quarters Fe).
It's between this and TECK (who have flavour of the year coal). The race is on.

[adrian j boris] 11/4/2022 09:13

Anglo American plc (the "Company")

Registered office: 17 Charterhouse Street, London EC1N 6RA

Registered number: 3564138 (incorporated in England and Wales)

Legal Entity Identifier: 549300S9XF92D1X8ME43

ISIN: GBOOB1XZS820

Final and Special Dividends totalling 168 US cents per ordinary share

(Dividend no 40)

Amounts per ordinary share in Sterling and Euros

Further to the announcement of 24 February 2022 of a dividend of 168 US cents per ordinary share (comprising a final dividend of 118 US cents per ordinary share and a special dividend of 50 US cents per ordinary share), the equivalent of the total dividend detailed above, in Sterling is 128.344 pence per share and in Euros is 154.127 Euro cents per share based on exchange rates of US$1=GBP0.7639 and US$1=EUR0.9174.

The US$:GBP/EUR conversion rates were determined by the actual rates achieved by Anglo American buying forward contracts for those currencies during the two working days preceding this announcement, for delivery on the dividend payment date.

As announced on 24 February 2022, the equivalent of the dividend in South African Rand is 2519.61360 cents per ordinary share, based on an exchange rate of US$1=R14.99770, taken on Wednesday, 23 February 2022.

The payment date of the dividend is Tuesday, 26 April 2022.

Other details relating to the dividend are contained in the announcement of 24 February 2022 and are on the

Company's website: www.angloamerican.com

Claire Murphy

Anglo American plc

8 April 2022

[philanderer] 11/4/2022 09:10

Goldman Sachs raises Anglo American price target to 5,300 (4,200) pence - 'buy'

[waldron] 10/4/2022 06:38

Anglo American's new boss faces calls to 'turbocharge' development of potash mine in North Yorkshire after war in Ukraine causes hike in fertiliser prices

By Calum Muirhead, Financial Mail On Sunday

Published: 21:50 BST, 9 April 2022 | Updated: 21:50 BST, 9 April 2022


Anglo American's new chief executive faces calls to 'turbocharge' the development of its potentially lucrative potash mine in North Yorkshire after the war in Ukraine caused a hike in global fertiliser prices.

The FTSE100 company bought the Woodsmith Mine in 2020 from Sirius Minerals, which collapsed after failing to drum up enough funding from lenders.

Located near Whitby, Woodsmith was being developed to unearth the mineral which is a key nutrient for plants.

Since the acquisition, Anglo American has poured money in to salvage the project and it plans to invest another £440million this year.


Now, Anglo's Duncan Wanblad – the company's head of strategy who is taking over as chief executive from Mark Cutifani later this month – has been urged by City figures to accelerate plans.

Anglo should be 'turbocharging this project right now,' said John Meyer, head of research at broker share price Angel.

'The world desperately needs potash for fertiliser production. It needs it yesterday,' Meyer said, adding that the situation was likely to persist as long as sanctions on Russian goods were maintained.

'[The Woodsmith mine] is now looking like a great acquisition for Anglo American', Meyer added.

Prices of fertiliser have soared following the outbreak of the war in Ukraine. The conflict and subsequent sanctions have disrupted supplies from Russia, one of the world's largest producers.




The supply crunch caused potash prices to rocket to nearly $1,100 (£843) a ton in late March compared to $300 (£230) in early 2021.

It has also sparked fears of a global food crisis. In addition to its fertiliser exports, Russia is also a major producer of wheat alongside Ukraine. Together, the two nations account for nearly a third of the global market.

The situation has left many governments scrambling to secure supplies from different sources in a bid to protect their economies and help consumers. Aside from a possible opportunity from the global fertiliser crisis, Wanblad will also be thinking about the long-term future of Anglo.

The 54-year-old will become the first South African to run the business after he replaces the Australian-born Cutifani, who has led the group for nearly a decade.

While he has yet to publicly lay out any concrete plans for the group, there are indications Wanblad is preparing to cash in on booming demand for metals used in batteries and the renewable energy sector.

The incoming chief executive said the world 'is going to need a whole lot more metal' to meet decarbonisation targets.

In comments to the FT Mining Summit last October, he noted that the accelerating shift towards electric transport meant the global supply of metals such as copper and nickel looked 'more constrained than it has for some time.'

Wanblad also said that construction of wind farms, solar panels and hydrogen power plants will be 'steel-intensive', and as a result will elevate demand for key ingredients such as iron ore and the metallurgical coal used in blast furnaces.

[casket1] 06/4/2022 12:24

Don't think they were selling it to you.......

[eggbaconandbubble] 06/4/2022 09:35

Considering they have already hit 4130....... I dont think I'd be paying for their advice.

[philanderer] 06/4/2022 09:08

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

[kreature] 02/4/2022 18:37

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 22:19

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.