Anglo American Share Discussion Threads

[philanderer] 21/2/2023 16:54

Anglo American results on thursday, the bank is looking for the De Beers owner to maintain a 40% payout ratio and for the second half dividend to fall 60% on the previous half to 67 cents or $800 million (£660.6 million). It does not expect a special dividend as Anglo's net debt is likely to lift materially

ii.co.uk

[theapiarist] 21/2/2023 16:28

Eggs and Bacon

Do you have a target date for Woodsmith coming on stream?

[eggbaconandbubble] 21/2/2023 15:10

They're digging stuff out of the ground (and there's still loads of it left!) that will always be required.

Need one say more?

[philanderer] 21/2/2023 14:42

London-listed mining shares fell sharply after Antofagasta and BHP Group revealed significant profit slumps on the back of higher costs and lower commodity prices.

Chilean miner Antofagasta saw a 39 per cent fall in full-year profit to $2.9billion (£2.4billion), as high input costs, reduced copper output volumes, and a drought in the South American country hit production.

Meanwhile BHP, which is the world's largest miner, reported a steeper-than-expected 32 per cent fall in first-half profit, owing to a drop in iron ore prices.

BHP Group shares fell 2.7 per cent per cent, while Antofagasta shares slipped 2.6 per cent in early trading, dragging peers and the FTSE 350 mining index 2.2 per cent lower.

[eggbaconandbubble] 21/2/2023 10:52

All miners are down. BHP came out with some poor figs yesterday.

My take is it's cos the price of metals, coal, ores etc are down but soon to shoot up again as China wakes up after lock down.

Still AAL are due to get this fertiliser mine 'up North' up and running soon. Then hopefully that will be a very profitable cash cow.

[philanderer] 21/2/2023 10:22

Kumba results not gone down well.

[fuji99] 21/2/2023 08:49

Cheers flyfisher.

[flyfisher] 20/2/2023 10:11

Zambia lead pollution case.

[fuji99] 20/2/2023 09:01

flyfisher: What "current litigation" ?

[flyfisher] 13/2/2023 10:37

Yes, current litigation plus some sector weakness.

[vas007] 13/2/2023 10:05

Can anyone comment on the nose dive.

[fuji99] 10/2/2023 13:13

All miners are in a freefall today. AAL may revisit £30 with support at around £26.

[tuftymatt] 10/2/2023 12:31

I keep adding here too and it will come. Until then enjoy the 6% divi.

Good luck all 👍🏻

[vas007] 10/2/2023 11:22

Bought some more yesterday .When is this 3500 coming?

[la forge] 09/2/2023 12:57

Anglo American to buy stake in Crawford project owner Canada Nickel

MiningNickelMajor Commodities

By NS Energy Staff Writer 09 Feb 2023

The UK-based mining company will also have the exclusive right to purchase up to 10% of nickel concentrate, iron, and chromium recoveries found in the magnetite concentrates as well as any associated carbon credits from the project
mining-g0abfbfe50_640

Anglo American to invest $18m in Canada Nickel. (Credit: ivabalk from Pixabay)

Anglo American has agreed to buy a minority stake of 9.9% in Canada Nickel, the 100% owner of the Crawford nickel project in Ontario, Canada, for C$24m ($17.9m).

The stake will be bought through a private placement at a price of C$1.95 ($1.45) per common share of Canada Nickel.

As part of the agreement, Anglo American will offer technical expertise to the Crawford nickel project.

The UK-based mining company will also have the exclusive right to buy up to 10% of nickel concentrate, iron, and chromium recoveries found in the magnetite concentrates as well as any associated carbon credits from the project.

Besides, a material transfer and technology testing agreement has been signed to allow Canada Nickel to assess opportunities to add value to the nickel-cobalt sulphide project from Anglo American’s FutureSmart Mining technology programme.

The equity funding from Anglo American is expected to support the Canadian mining company to advance the works to wrap up the necessary permitting requirements to proceed with the development of the Crawford nickel project

Canada Nickel chair and CEO Mark Selby said: “We are very pleased to welcome Anglo American, a leading global mining company, as a cornerstone investor in Canada Nickel. Today’s announcement is another key milestone as we advance Crawford towards production.

“Our team is looking forward to working with Anglo American to identify opportunities to apply their industry leading mining innovation technology to add additional value to Crawford.”

Through the investment, Anglo American expects to broaden its nickel product offering with more battery-grade nickel that can be used in electric vehicles.

Anglo American marketing business CEO Peter Whitcutt said: “As a responsible provider of future-enabling metals and minerals to our customers, we are committed to supporting our industry in increasing the availability of critical materials that will underpin the success of the energy transition, and to do so sustainably.”

The private placement, offtake, and technology agreements, which are subject to customary conditions, are expected to close by the month-end.

[eggbaconandbubble] 08/2/2023 16:56

Strikes me that UK/LSE blue chip prices are driven by Wall Street these days.

[tuftymatt] 08/2/2023 14:03

A positive bit of news today and hopefully we can push back towards 3500 soon.
I am adding here.

[mayers] 06/2/2023 13:29

Gap filled.

[tuftymatt] 06/2/2023 11:44

So where we started today then roughly!!
I have added this morning.

[philanderer] 06/2/2023 10:46

Bank of America raises Anglo American price target to 3,400 (3,300) pence - 'neutral'

[eggbaconandbubble] 04/2/2023 08:41

Tufty. I totally agree.

[tuftymatt] 03/2/2023 19:06

Yeah I am adding at these levels ready for the next leg up.

I think this and RIO have plenty more in the tank but it's not surprising they have both recently given a bit back after such a great run.

[eggbaconandbubble] 03/2/2023 17:42

£38.37 maybe!

[momentos] 03/2/2023 17:03

I have been watching as a possible buy .. just found the analyst rec a little odd!