Anglo American Share Discussion Threads

[philanderer] 29/7/2022 00:10

Investors Chronicle..

Anglo is less reliant than BHP (BHP) and Rio Tinto (RIO) on copper and iron ore prices, thanks largely to its platinum group metal operations, but is evidently still exposed to industrial metals falling from multi-year highs.

We are bullish on its medium- and long-term prospects, especially with the Quellaveco copper mine in production since last month. Anglo should weather this weaker metals environment better than the other miners, bar Glencore.

Buy.

[sarkasm] 28/7/2022 10:13

fwiw





Ex-div date 18 Aug 2022 (Thu)


Pay date 23 Sep 2022 (Fri)

[pvpower] 28/7/2022 09:00

When do they go XD? I tried AAL investors page but it goes round in circles...... TIA

[sundial1] 27/7/2022 19:59

keep in there pal!

[turvart] 27/7/2022 18:11

sundial haha

[drmacf] 27/7/2022 08:53

I doubt if AAL will pay a significant dividend. All this 'news' r bad news is just a build-up to that.
Since that new chap Duncan Wanblad has taken over, it's just been bad news. Not sure if this is real or manipulated
Till Duncan checks out, AAL will be a pain for investors

[turvart] 26/7/2022 20:00

That divvy is not paid out by AAL, Anglo platinum pay it to AAL that have a different amount of shares to AAL along with other companies AAL own like Kumba iron ore that pay the divvy to AAL, AAL then distribute the divvy accordingly I'm expecting about 80 - 100p Divvy including special tomo.

[grupo guitarlumber] 25/7/2022 16:27

RAND 81

NOT YET CONFIRMED PER AAL SITE LINK THOUGH




NO DOUBT CONFIRMED THIS WEEK

[chameli] 25/7/2022 11:52

what is the interim dividend? R81 is equivalent to almost £4. Is it true

[waldron] 25/7/2022 08:42

Anglo American Platinum Ltd. on Monday reported that profits fell in the first half of 2022, reflecting lower sales.

The South African precious metals company, which is majority owned by Anglo American PLC, said that its basic earnings dropped to 26.7 billion rand ($1.59 billion) in the six months ended June 30 from ZAR46.4 billion a year earlier.

Adjusted earnings before interest, taxes, depreciation and amortization fell 32% to ZAR42.8 billion.

The company said that this reflected lower sales volumes compared with the first half of 2021, when it recorded increased refined production due to higher-than-normal inventory.

Anglo American Platinum said that it expects to achieve its current full-year guidance, but warned of potential headwinds such as further Covid-19-related disruptions and load-shedding by South Africa's utility Eskom.



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



(END) Dow Jones Newswires

July 25, 2022 03:00 ET (07:00 GMT)

[tuftymatt] 22/7/2022 11:50

Picked a few up today.

Hold RIO and looking at ANTO too of late but no position there yet.
GLAH

[philanderer] 22/7/2022 11:01

Berenberg cuts Anglo American price target to 3,200 (3,300) pence - 'buy'

Credit Suisse cuts Anglo American target to 3,680 (3,760) pence - 'outperform'

JPMorgan cuts Anglo American price target to 3,650 (3,800) pence - 'neutral'

[philanderer] 22/7/2022 00:17

Diamond miner De Beers ramping up production as sanctions squeeze its main Russian rival

[foxy22] 21/7/2022 10:57

Would agreeResults somewhat disappointingThinking of throwing in the towel

[philanderer] 21/7/2022 10:45

Not gone down well at all.

[waldron] 21/7/2022 10:13

Anglo American PLC on Thursday downgraded its 2022 steelmaking coal guidance, raised the production outlook for diamonds and improved forecasts on dollar-denominated platinum group metal costs.

The FTSE 100 multinational mining company cut 2022 coal production guidance to 15 million to 17 million metric tons from 17 million to 19 million tons, and increased cost expectations to $110 a ton from $105 a ton, reflecting the timing of a ramp-up in longwall mining.

In addition, Anglo American raised its 2022 production guidance for diamonds to 32 million-34 million carats from 30 million-33 million previously, due to robust demand and strong year-to-date operational performance.

The group also trimmed unit cost guidance for its platinum group metals operations to $950 an ounce from $970 on the back of a weaker South African rand.

Full-year guidance for copper, nickel and iron ore remains unchanged.

"Overall for the second quarter, production was 9% lower compared with the same quarter in 2021, primarily due to expected lower grades and water availability in copper, ramp-up of the Aquila longwall in steelmaking coal and planned maintenance at the Minas-Rio iron ore operation," Chief Executive Duncan Wanblad said.

Copper production fell 21% in the second quarter to 134,000 tons, coal output dropped 12% to 2.6 million tons and iron ore was 8% lower at 14.4 million tons. Production also fell 4% to 7.9 million carats for diamonds, 3% to 10,300 tons for nickel and 2% to 1.03 million ounces for platinum group metals. Manganese ore was 4% higher at 980,000 tons.

"Our production performance started to pick up in the second quarter of 2022, with operational momentum and our focus on asset resilience positioning us well for a stronger second half of the year," Mr. Wanblad said.



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



(END) Dow Jones Newswires

July 21, 2022 03:15 ET (07:15 GMT)

[philanderer] 20/7/2022 19:39

Q2 Production report tomorrow.

[philanderer] 16/7/2022 01:10

squinty, on a 12 month view I would say yes... but as always DYOR .

Haven't added myself but happy to hold what I've got.

[p0pper] 15/7/2022 16:10

I should think divi must be cut or no specials

[squintyflinty1] 15/7/2022 11:15

So Philanderer , is AAL a buy at this level with a 12 month view?

[philanderer] 15/7/2022 11:03

The Bloomberg Industrial metals index has slumped to a 17-month low, reports Ole Hansen, head of commodity strategy at Saxo:

The sell-off is led by copper which has suffered its worst weekly rout since the early stages of the pandemic in 2020 (see earlier post).

Hansen explains:

Since hitting a record high in March the price High Grade copper (HGc1) has slumped by 37% to levels last seen in late 2020. From a technical perspective, the price has reached support at $3.14, the 61.8% retracement of the 2020 to 2022 rally, and further weakness may trigger an additional selling response from traders