AAL.L - Anglo American plc
| Previous close | 2,021.50 |
| Open | 2,046.50 |
| Bid | 2,033.00 x 0 |
| Ask | 2,033.50 x 0 |
| Day's range | 2,013.00 - 2,067.50 |
| 52-week range | 1,529.80 - 2,294.00 |
| Volume | 2,271,117 |
| Avg. volume | 5,458,967 |
| Market cap | 28.018B |
| Beta (3Y monthly) | 1.21 |
| PE ratio (TTM) | 6.37 |
| EPS (TTM) | 320.00 |
| Earnings date | 25 Jul 2019 |
| Forward dividend & yield | 0.90 (4.47%) |
| Ex-dividend date | 2019-08-15 |
| 1y target est | 24.50 |
- Bloomberg
De Beers Diamond Buyers Return as Prices Cut Most in Years
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.De Beers sold the most diamonds since June after the biggest price cut in years, but sales still remained lower than normal for this time of year as the industry’s cutters and traders struggle to make money.De Beers sold $390 million of rough diamonds this month compared with $297 million at its previous sale, the Anglo American Plc unit said in a statement on Wednesday. Still, it’s the first time De Beers has sold less than $400 million at its November sight since at least 2016.The industry is going through something of a crisis as De Beers’s buyers grow increasingly frustrated with the cost of rough diamonds as the price of polished gems slump. That’s led to wafer-thin margins and in some cases losses from the stones bought from De Beers and Russian rival Alrosa PJSC.De Beers sells its gems through 10 sales each year in Botswana’s capital, Gaborone, and the buyers -- known as sightholders -- generally have to accept the price and the quantities offered. The sightholders are given a black and yellow box containing plastic bags filled with stones, with the number of boxes and quality of diamonds depending on what the buyer and De Beers agreed to in an annual allocation.De Beers has responded by offering more flexibility to its customers, allowing them to reject some purchases, and this month it cut prices across the board by about 5%.“The price cut was the big story of the November sight,” said David Harari, co-founder of diamond trading platform Bluedax. The price cuts boosted trade in the so-called secondary market -- where buyers sell to gem manufacturers who don’t have direct access to De Beers, he said.After the price reduction, the cheapest diamonds were profitable for the first time in a long while, Harari said.The sale “saw an improvement in sentiment from rough-diamond buyers,” De Beers Chief Executive Officer Bruce Cleaver said in the statement. “Global consumer demand for diamond jewelry at the retail level continues to be broadly stable but, with midstream trading conditions still in the process of rebalancing, we offered sightholders further flexibility during the sight to provide support.”De Beers sales so far this year are down more than $1.2 billion from the same time in 2018.(Updates with commentary in sixth paragraph.)To contact the reporter on this story: Thomas Biesheuvel in London at tbiesheuvel@bloomberg.netTo contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net, Dylan Griffiths, Stuart WallaceFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters - UK Focus
Chilean copper mines struggle on despite protest road blocks and shift delays
Most of Chile's copper miners said they had maintained their operations on Tuesday, albeit with some delays and sporadic unrest, amid calls for a general strike and a fresh day of social protests, unions and management teams told Reuters. Public sector workers, students and other trade union groups called for a general strike on Tuesday, although they guaranteed that sectors such as fuel production and supply would not be affected. BHP operations, which include the vast Escondida mine, continued to operate, according to sources.
- Bloomberg
Anglo Boosts Iron Ore Output Goal Again at Giant Brazil Mine
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Anglo American Plc raised its production forecast for its Brazilian iron ore operations for the second time in less than a month.Anglo said the giant Minas-Rio project will now produce about 23 million tons of iron ore this year, compared with a forecast of 20 million to 22 million tons that the company made just last month.Minas-Rio is starting to deliver for Anglo after years of problems. The project, which cost $14 billion to buy and build, almost sank the miner after years of delays and cost overruns. It was then shuttered for most of last year after leaks on a pipeline that carried the iron ore.The project has also allowed Anglo to cash in on a jump in prices for high-quality iron ore, after a dam collapse in Brazil early this year cut millions of tons of production.Anglo also increased its production expectations for 2020 and 2021 for Minas-Rio, saying output could hit 26 million tons in two years time.Anglo provided operational updates Tuesday in a slew of presentations. The miner said the ramp up in production at its nickel and coking coal operations will be slower than originally expected.Nickel production is seen at between 42,000 tons and 44,000 tons by 2021, slightly lower than its previous goal of 45,000 tons. Coking coal will be 23 million tons to 25 million tons in 2021, lower than its previously touted target of 25 million tons to 27 million tons.To contact the reporter on this story: Thomas Biesheuvel in London at tbiesheuvel@bloomberg.netTo contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net, Liezel HillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Fool.co.uk
ISA alert! Should you buy these cheap FTSE 100 dividend stocks this week?
Are these FTSE 100 dividend stocks great buys for your Stocks & Shares ISA? Royston Wild gives the lowdown.
- Reuters - UK Focus
UPDATE 2-FTSE rebounds as oil and mining stocks are lifted by U.S. and Chinese data
Oil heavyweights and miners led the charge on London's FTSE 100 on Friday as Chinese factory data and a stronger than expected U.S. employment report helped the index to bounce back from its worst session in a month. The FTSE 100 advanced 0.8%, recouping almost all of its more than 1% drop in the previous session, while the FTSE 250's 0.7% advance was its best day in more than two weeks.
- Reuters - UK Focus
UPDATE 2-Massive mining waste dams could pose deadly risks, say investors
A global inquiry into how mining companies store billions of tonnes of waste in huge dams, launched after a collapse in Brazil killed hundreds, shows about a tenth of the structures have had stability issues, investors said on Thursday. The research was led by the Church of England (CoE) and fund managers after the collapse of a Vale dam in January unleashed an avalanche of mining waste on the Brazilian town of Brumadinho, killing an estimated 300 people. The investor review, which found at least 166 dams have had stability issues in the past, relied on companies' disclosures about their dams holding mining waste, known as tailings.
- Reuters - UK Focus
RPT-COLUMN-Rio Tinto says miners need to do more on the environment. Here's how: Russell
The boss of one of the world's biggest mining companies wants the industry to do more than talk about winning a social licence in an increasingly carbon constrained world. Rio Tinto Chief Executive Jean-Sebastien Jacques told the London Metal Exchange (LME) annual forum on Monday that mining needed to do more on the environmental, social and corporate governance (ESG) front in order to remain relevant and profitable as the world deals with climate change. "Lots of people are talking about it, but I'm not sure there is action," Jacques said.
- Simply Wall St.
Did Anglo American plc (LON:AAL) Use Debt To Deliver Its ROE Of 17%?
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- Reuters - UK Focus
De Beers banks on 'diamonds are for me'
Anglo American unit De Beers said its 2019 marketing budget will exceed last year's figure of $170 million and will focus on the biggest market the United States, where women lavishing diamonds on themselves has boosted sales. While U.S. demand has held firm, the diamond market has weakened elsewhere and trade tensions and protests in Hong Kong have dented sales in China, the second largest diamond market. Esther Oberbeck, group head of strategy at De Beers, the world's biggest diamond producer by value, said in an interview the company was about to launch new marketing campaigns, focused on the U.S. and China.
- Reuters - UK Focus
UPDATE 2-FTSE 100 ekes out gains on pharma strength
The exporter-laden FTSE 100 recovered from early losses on Monday despite a rebound in sterling, boosted by gains in leading drug stocks and as prospects for a U.S.-China trade agreement powered miners and industrials. The blue chip index closed 0.1% higher, lagging peers on Wall Street and in Europe as a near 4% drop in HSBC after an underwhelming earnings update, and a slide in dollar earners, capped gains. The more domestically-focused FTSE 250 outperformed with a 0.5% rise ahead of a parliamentary vote on Prime Minister Boris Johnson's demand for a general election.
- Reuters - UK Focus
LMEWEEK-Metals sector in costly battle to turn green
Metals producers, from miners to smelters, are grappling with increasingly tough and costly environmental demands imposed by banks seeking cleaner investments. While the transition may prove overwhelming for smaller producers, larger companies are playing a long game, casting ahead to a period where greener technology helps slash their costs. Metals and mining are responsible for 10% of the total impact on climate change, according to the United Nations Environment Programme.
- Reuters - UK Focus
UPDATE 2-Glencore trims guidance as copper output falls
Glencore on Friday reported a 4% drop in copper output so far this year and trimmed full-year guidance as it prepared to suspend some operations in the Democratic Republic of Congo. Production of battery mineral cobalt rose 21%, a third-quarter production report said, as the company increased output at its Katanga copper and cobalt mine, also in Congo. As part of the company's efforts to overcome problems in the politically volatile African state, Glencore in August laid out plans to separate its African copper business from its wider copper operations and halt production at its Mutanda copper and cobalt mine at the end of this year.
- Reuters - UK Focus
UPDATE 2-Chile´s Codelco shuts Andina mine as general strike hits operations
Chile's state miner Codelco, the world's top copper producer, said on Wednesday one of its mines was shut and operations at a smelter drastically reduced amid a general strike as protests and chaos have rocked the South American nation. Six of Codelco's eight divisions were carrying on with the "majority of their operations," the company said in a statement. The Copper Workers Federation (FTC), which includes unionized workers from each of Codelco's divisions, agreed late on Tuesday to join the general, nation-wide strike along with other sectors, including teachers and public employees.
- Reuters - UK Focus
UPDATE 2-Antofagasta expects Chile unrest to dent output, issues dismal 2020 outlook
Copper producer Antofagasta Plc said on Wednesday protests in Chile could cut its production by about 5,000 tonnes, equivalent to less than 3% of third quarter output, due to delays in supplies and travel disruptions for workers. The London-listed miner, which has four mines in Chile and employs about 19,000 people, kept its annual forecast unchanged at 750,000-790,000 tonnes of copper this year but said 2020 output would be lower at 725,000-755,000 tonnes. Antofagasta produced 197,000 tonnes of copper in the third quarter, 0.8% lower than the previous three months but up on the 188,300 tonnes produced a year earlier.
- Stockopedia
The Anglo American share price – where next?
The Anglo American (LON:AAL) share price has risen by 2.29% over the past month and it’s currently trading at 1952.2p. For investors considering whether to buy8230;
- Bloomberg
Anglo American Boosts Production Outlook at Giant Brazil Iron Ore Mine
(Bloomberg) -- Anglo American Plc raised its production forecast this year for the Minas-Rio mine in Brazil, citing continued strong performance since the operation restarted late last year.Minas-Rio output is seen at 20 million to 22 million tons, compared with a previous forecast of 19 million to 21 million tons.Key InsightsMinas Rio is starting to deliver for Anglo after years of problems. The project, which cost $14 billion to buy and build, almost sank the miner after years of delays and cost overruns. It was then shuttered for most of last year after leaks on a pipeline that carried the iron ore.Anglo’s De Beers unit held its full-year production guidance at about 31 million carats despite sales falling sharply so far this year. De Beers has been struggling to sell diamonds in recent months as polishers and traders refuse to buy stones when they can’t make a profit.Anglo trimmed its expectations for copper output as a drought in Chile impacted its mines. Thermal coal output will be at the lower end of earlier range as it mined less at the Cerrejon operation that it owns with Glencore Plc and BHP Group.Production goals for metallurgical coal, its Kumba Iron Ore unit and platinum were unchanged.Read MoreKey figures hereStatement hereTo contact the reporter on this story: Thomas Biesheuvel in London at tbiesheuvel@bloomberg.netTo contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net, Liezel Hill, Dylan GriffithsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Investing.com
Premarket London: Whitbread Warns on U.K. Outlook, Upbeat on Germany
Investing.com -- Here's a summary of this morning's big releases on the London Stock Exchange. Please refresh for updates.
- Reuters - UK Focus
BHP switches to green power for Chilean copper starting 2021
BHP, the world's biggest miner, said on Monday it had signed four renewable energy contracts to supply all of its Chilean copper operations beginning in 2021, cutting energy costs by 20%. Miners, which often use fossil fuels as the energy source in their operations, are shifting to renewable generation as the cost of wind and solar power drops, while social and shareholder pressure to address climate change mounts. Daniel Malchuk, president of BHP Minerals Americas, said BHP had signed contracts to cover the energy needs of Escondida, the world's biggest copper mine, and Spence, another copper mine in Chile, the world's leading copper-producing country.
- Reuters - UK Focus
Chile´s mining industry operating normally despite violent protests - minister
Chile´s mining industry was running as normal despite the violent protests that have rocked the capital, Santiago, and other cities across the world´s top copper producer, Mining Minister Baldo Prokurica said on Sunday. The protests over an increase in public transport costs prompted President Sebastian Pinera to reverse the fare hikes and declare a state of emergency. Prokurica told Reuters in an email that all of the country´s mines, including those owned by the world´s top copper producer, Codelco, were operating normally.
- Reuters - UK Focus
CORRECTED-Chile's Codelco ditches 'green copper' push, eyes wider mine clean-up in two years
In 2017, the world's largest copper producer - Chile's Codelco - announced a plan to sell "green copper" at a premium price to customers using more sustainable practices like renewable energy and recycled water to cut its carbon footprint. The project has run aground however, Codelco insiders and an executive said, as the miner realised it would struggle to guarantee its copper's sustainability once it left the mine to be melted down and taken to market. Now, the world's largest miner of the prized red metal told Reuters it would drop the "green copper" plan piloted in one of its smaller mines in favour of a broader initiative to make its product more sustainable.
- Fool.co.uk
Looking for income? Here are 2 FTSE 100 dividend stocks I’d buy and hold forever in an ISA
Harvey Jones picks out two high-yielding FTSE 100 (INDEXFTSE:UKX) giants trading at temptingly low valuations.
- Simply Wall St.
How Much is Anglo American plc's (LON:AAL) CEO Getting Paid?
Mark Cutifani became the CEO of Anglo American plc (LON:AAL) in 2013. First, this article will compare CEO...
- Reuters - UK Focus
Coal mine Cerrejon to reduce output amid low prices, possible court ruling
Cerrejon, one of Colombia's largest coal mines, will reduce its operations by up to 18% because of a fall in international prices and amid an ongoing court case, the company's chief executive said on Monday. Colombia, the world's fourth-largest exporter of coal, faces a potential spending crunch next year as royalties from the fuel decline amid a supply glut and slowing economic growth in China. Cerrejon, owned by BHP Group Ltd , Anglo American Plc and Glencore, will have output of just 26 million tonnes for the next five years, compared to the more than 30 million it was regular producing until last year, Chief Executive Guillermo Fonseca told local paper La Republica.
- Reuters - UK Focus
Chilean copper mines register mixed output in August - Cochilco
Production by Chile's state copper miner Codelco rose 9.3% year on year in August to 154,700 tonnes, but the total for the first eight months of 2019 dropped 8.4% to 1.06 million tonnes compared to the year-ago period, state copper commission Cochilco said on Monday. Production at BHP's Escondida copper mine, the world's largest, fell 8.5% year on year in August to 770,800 tonnes. At Collahuasi, majority owned by Anglo American and Glencore , production rose 0.5% year on year to 352,500 tonnes in August, the copper commission added.
