Hopefully Hem!!
I was spooked by what Trump came out with yesterday but it seems like the market is ok with it right now.
I will top up at 2400 but would sooner not and instead see a nice break and hold of 2600.
Good luck all 👍🏻 |
This time please Tuff |
That's the challenge and would be a real positive if it does considering when it did it last month there was a fair bit of bid speculation baked in.
Good luck all 👍🏻 |
Can it go and stay above 26? Come on aal |
 Great market reaction today to the following.
Anglo American plc
Production Report for the fourth quarter ended 31 December 2024
Duncan Wanblad, Chief Executive of Anglo American, said: "All of our businesses delivered their full year production guidance following another solid operational performance in the fourth quarter. At our Copper operations, Quellaveco delivered its strongest quarter of the year, and the reshaped Los Bronces mine continues to perform well. Our Minas-Rio iron ore operation in Brazil produced a record 25 million tonnes for the year.
"Our forward production guidance is unchanged in copper with growth in 2026 driven by higher grades in Chile, with this production level then maintained in 2027. We continue to set up the Copper business for growth in subsequent years with the resumption of the smaller plant at Los Bronces and through debottlenecking at Collahuasi. Iron ore guidance is unchanged except for the impact of the tie in of the previously announced UHDMS project at Kumba in 2026. At De Beers, difficult rough diamond trading conditions mean that we have reduced production guidance in 2025 and 2026 to reflect our focus on value, working capital efficiency and cash generation.
"We are making excellent progress with our portfolio simplification. In November we announced agreements to sell our Steelmaking Coal business for up to $4.9 billion in aggregate gross cash proceeds, with the Peabody transaction expected to complete by the third quarter of 2025. We also completed a second bookbuild offering of our Anglo American Platinum ("AAP") shares, which in combination with the prior placing generated c.$0.9bn. This has increased the free float of AAP by more than 50%, helping to mitigate flowback when we demerge the business, expected by the middle of 2025. The sales process of our Nickel business is well progressed and we continue to prepare the De Beers business for separation.
"Our focus on operational excellence is bringing far greater efficiency, underpinning our solid production performance in 2024. We are simplifying our portfolio at pace to focus on copper, premium iron ore and crop nutrients, offering a highly attractive and differentiated investment proposition with a structurally lower cost base. This higher margin and more cash generative Anglo American will offer greater resilience through the cycle and possesses outstanding value-accretive growth optionality in each of our businesses."
Good luck all 👍🏻 |
Shame BHP said they were not interested in making another bid came just ahead of all the tariff noise etc.
Never mind as it's a chance to buy a few more for the longer term. That said I am still confident a bid for AAL will come from somebody in 2025.
Good luck all 👍🏻 |
Yeah a typo on my part which I have corrected.
Good luck all 👍🏻 |
I'd like formal clarification and an apology. |
Suspect he means "bid" |
excuse me, what is "did talk" |
On the Bloomberg ticker it says AAL is the top takeover target in a recent survey.
I suspect consolidation in this sector this year and would be surprised if there was no bid talk here.
Good luck all 👍🏻 |
Bhp not bidding for AngloToo expensive |
Made tougher by this bit of news that I just pulled from the Mail online.
"Anglo American, however, edged down 0.5 per cent, or 12.5p, to 2535.5p after analysts at Citi downgraded its rating to 'neutral' from 'buy' and cut their price target to 2800p."
Good luck all 👍🏻 |
26 is not easy one to pass through |
Yes it was a piece of sloppy journalism. Here’s the RNS which confirms the granting of the mining license:
You need to be aware that Anglo explored these licenses themselves in the 1990s before they made a strategic withdrawal from Zambia. The CEO of ARCM is ex Anglo, and bought into the licenses when they became available again. Anglo subsequently entered into a JV with ARCM around 18 months ago so information from Anglo’s and Arc’s historic drilling has been paired with more recent exploration to provide the mineral resource estimate and feasibility study required by the Ministry. |
Skipper, my reading of that report is that they have a licence to start looking for copper.
Assuming that they find something commercially viable, it would take a further 10 to 15 years to develop the mine.
BHP are looking for something rather more immediate than that IMHO.
But, yes, it could give a shot in the arm for Arc Minerals which could certainly do with one! |
Some related news in this article:
The licensing criteria require mineral resource estimates to be provided but none have yet reached the market. My hunch is that Duncan Wanblad will want to get some news around this out if BHP come in with another bid and he is addressing the Mining Indaba on the 3rd February, so not long to wait for an update on all the copper assets imo and this could have a massive impact on Arc Minerals share price imo. |
Hopefully yesCould we be looking at 30.00 |
https://www.cnbc.com/2025/01/20/why-mega-merger-mania-is-coming-to-the-fore-in-the-mining-industry.html |
I think 3rd time lucky we are clear of 26 |
Is bid incoming |
Bhp not joining in the party today. Bid incoming |
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