Anglo American Share Discussion Threads

[thaiger] 22/6/2022 08:53

With such good news why share price down nearly 4%?

[the grumpy old men] 22/6/2022 08:16

TOP NEWS: Anglo American's De Beers posts strong rough diamond sales

Wed, 22nd Jun 2022 08:08
Alliance News

(Alliance News) - Anglo American PLC said on Wednesday rough diamond sales

continued to sparkle, thanks to robust consumer demand for diamond jewellery in the US and the gradual reopening of retail outlets in China.

Rough diamond sales value

for the provisional fifth sales cycle were 36% higher at USD650 million from USD477 million in the same cycle last year.

Sales in the fifth cycle increased by 7.6% from USD604 million in the fourth cycle.

The latest provisional figures represent the expected rough diamond sales value for the period June 6 to Tuesday and remains subject to adjustment based on final completed sales.

Anglo American owns 85% of rough diamond miner and dealer De Beers.
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By Trellix

De Beers Chief Executive Bruce Cleaver said diamond jewellery demand continued to perform well in the key US market, and this was reinforced by positive sentiment

The continued strength of US demand for diamond jewellery and the gradual reopening of retail outlets in China following Covid-19-related lockdowns have supported the sales momentum in the fifth sales cycle of the year, Cleaver said.

Owing to the restrictions on the movement of people and products in various jurisdictions around the globe, De Beers continued to implement a more flexible approach to rough diamond sales during the fifth sales cycle, with the sight event extended beyond its normal week-long duration.

By Artwell Dlamini; [e-mail]

[waldron] 22/6/2022 07:20

Anglo American PLC on Wednesday reported diamond sales of $650 million for the fifth sales cycle of 2022 running between June 6 and June 21.

The owner of the De Beers diamond mining company said that this compares with $604 million in the fourth cycle of 2022 and $477 million in the fifth cycle of 2021.

"Diamond jewelry demand continues to perform well in the key U.S. market, and this was reinforced by positive sentiment following the influential JCK Las Vegas jewelry trade show held in mid-June," De Beers Chief Executive Bruce Cleaver said.

"The continued strength of U.S. demand for diamond jewelry and the gradual reopening of retail outlets in China following Covid-19-related lockdowns have supported the sales momentum of De Beers Group's rough diamonds in the fifth sales cycle of the year," he said.



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



(END) Dow Jones Newswires

June 22, 2022 02:35 ET (06:35 GMT)

[thorpematt] 20/6/2022 19:30

Well, I thought it was worthy of bounce so I have been buying too....so that's a possible negative :-)

[p0pper] 17/6/2022 07:20

Morning, been watching AAL for a while now, done a fair bit of research on them, all seems ok so looking to put a few quid in here, does anyone know of any little niggles that I may of missed, tia

[eggbaconandbubble] 14/6/2022 14:36

Divis for last 12 months 4.19 bucks = £3.45. share price £34.75 - Nearly 10%!

[casket1] 14/6/2022 11:49

Squinty, where do you get 10% yield from..........try 6.2%

[squintyflinty1] 13/6/2022 11:44

They are a steal . Nearly 10%dividend yield.

[turvart] 13/6/2022 10:34

I'm in AAL once again these prices are a steal.

[waldron] 09/6/2022 08:47

Anglo American PLC said Thursday that it has signed a $100 million sustainability-linked loan agreement with International Finance Corp.

Anglo American said it understands that this is the first sustainability-linked loan in the global mining sector that focuses exclusively on social-development indicators.

The goals tied to the loan are aimed at supporting the development of the rural communities close to the company's mining operations in South Africa, including job creation and education improvement, the FTSE 100 company said.



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



(END) Dow Jones Newswires

June 09, 2022 03:31 ET (07:31 GMT)

[ariane] 07/6/2022 15:47

Jefferies gives bullish forecast for mining but warns the sector is not without risks

The broker says "buy the miners to ride out the storm" and maximise leverage from a recovery
Anglo American PLC - Jefferies gives bullish forecast for mining but warns the sector is not without risks

The mining sector is “undervalued” and “poised to outperform” as China recovers from its recent state of lockdown, broker Jefferies said in an analyst note today.

The investment bank has raised price forecasts for iron ore and coal and upgraded a swathe of mining companies from Hold to Buy.

Anglo American PLC (LSE:AAL), Rio Tinto PLC (LSE:RIO), BHP Group Limited (LSE:BHP) all got a bump-up.

Jefferies raised the target price on Anglo American to 4,500p, up from 3,850p.

BHP Group’s target price was also increased to 3,100p, up from 2,500p.

The price target for Glencore PLC (LSE:GLEN), which remains a Buy, was also raised, as was Rio Tinto.

Although recent demand from China has been weak due to the impact of its latest Covid-19 outbreak, the country is now relaxing lockdowns and rolling out monetary stimulus.

Jefferies anticipates that “mining shares will likely be volatile” as China comes out of hibernation, but that the environment should shift to a place of synchronised “recovery in global demand”.

While iron ore shipments fell in the first quarter of 2022, with little organic growth, an uptick in Chinese demand could lead to a further lift in prices, Jefferies said.

Copper mining production also dropped in the first quarter and total volumes are expected to be low for the rest of the year.

Its coal price forecast is based on a "lack of supply growth" as many companies are winding down coal activities.

Commodity prices, it expects, will be “rising to new highs”, although the pace of recovery could take a decade to be realised.

Jefferies said that supply constraints continue to hamper the mining industry and that capital expenditure in the industry has been at recessionary levels for the past six years.

However, the broker said it expects mining to “outperform as the US and Euro economies slow” amid high inflation and rising interest rates.

“Macro risks are still clearly elevated as an economic hurricane could be coming, but we would buy the miners to ride out the storm and maximize leverage to the subsequent recovery,” Jefferies said in the note.

[philanderer] 07/6/2022 08:58

Jefferies raises Anglo American to 'buy' (hold) - price target 4,500 (3,800) pence

[turvart] 30/5/2022 07:58

Going by the RSI 14 this is looking a sell from here, we will see as usual.

[kreature] 28/5/2022 16:55

Meanwhile, where is the Polyhalite ?

[turvart] 23/5/2022 17:16

Yeah I can believe it and like I said I feel AAL will go a lot more but I've been buying from 3660 down to 3202 and most of those buys were under 3400 so I'm happy with my profit. I'm building a decent position with PSN now as it's under valued and coming up at 16th June EX-div of which I can see 2400 on the cards so I'm basically just moving my money around, but yeah your right 4100 easy, more like 4600 by July.

[casket1] 23/5/2022 16:05

Hi Turvart,

Did you not see MY broker report, posted previously........ Recommending Buy to 4,100

:-)

[turvart] 23/5/2022 14:19

Just let the rest go now, I'm now flat on AAL, I still think there is a lot more left in AAL but I have had a good run.

Waiting for a retrace in coming trading sessions to hopefully buy back in.

[turvart] 20/5/2022 06:10

Nickel up 8% today, should give AAL a lift over 3500

[scorpione] 19/5/2022 18:19

Ram 3765 - Exactly right Welsheagle!!

[welsheagle] 19/5/2022 11:57

Any relevance to Anglo american, Ram 3765

[scorpione] 18/5/2022 13:16

Ram376 - ????????????????????

[ram376s] 18/5/2022 12:44

Holding ok .GDR 300 nurses to train with new test .Possible multibagger .

[the grumpy old men] 18/5/2022 07:21

Anglo American PLC on Wednesday reported an increase in diamond sales from its De Beers subsidiary for the fourth sales cycle of 2022.

The integrated mining company reported provisional sales of $604 million as at May 17, compared with $385 million in the fourth cycle of 2021. In the third cycle of 2022, which ran between March 28 and April 12, De Beers generated sales of $566 million.

There are 10 sales cycles each year.

"We saw the continuation of good demand for our rough diamonds during the fourth sales cycle of 2022, supported by strong consumer demand for diamond jewellery in the U.S. However, rough-diamond demand in the coming cycle will be affected as usual by the closure of many diamond polishing factories in India for the traditional May holidays," De Beers' Chief Executive Bruce Cleaver said.



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



(END) Dow Jones Newswires

May 18, 2022 02:45 ET (06:45 GMT)