AAL.L - Anglo American plc

LSE - LSE Delayed price. Currency in GBp
+78.60 (+5.88%)
At close: 4:55PM BST
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Previous close1,337.80
Bid1,415.20 x 0
Ask1,419.20 x 0
Day's range1,342.60 - 1,434.75
52-week range1,018.20 - 2,294.00
Avg. volume4,915,916
Market cap19.312B
Beta (5Y monthly)1.18
PE ratio (TTM)5.13
EPS (TTM)276.00
Earnings date20 Feb 2020
Forward dividend & yield0.89 (6.28%)
Ex-dividend date12 Mar 2020
1y target est24.50
  • How Does Anglo American's (LON:AAL) P/E Compare To Its Industry, After The Share Price Drop?
    Simply Wall St.

    How Does Anglo American's (LON:AAL) P/E Compare To Its Industry, After The Share Price Drop?

    Unfortunately for some shareholders, the Anglo American (LON:AAL) share price has dived 30% in the last thirty days...

  • Reuters - UK Focus

    Anglo American expects hit to iron ore, coal in South Africa lockdown

    Anglo American said on Friday it expected a 2 million to 3 million tonne fall in production at its Kumba Iron Ore unit in South Africa this year and a drop of up to 2 million tonnes in output of export coal due to a three-week shutdown. The London-listed miner also lowered output of platinum and diamonds in South Africa, extended a slowdown in construction at its Quellaveco copper project in Peru and paused work in its Woodsmith polyhalite project in Britain.

  • Reuters - UK Focus

    Colombia mining companies to reduce operations due to coronavirus

    Colombian mining companies, including coal producers Cerrejon and Drummond, will reduce operations to slow the spread of coronavirus, the sector's guild said on Tuesday. Some 15,000 workers directly employed in the industry will stop working, as will 18,000 indirect workers, the Colombian Mining Association (ACM) said in a statement. The Andean country will enter a nationwide 19-day quarantine late on Tuesday aimed at preventing further spread of coronavirus, which has killed more than 15,300 people worldwide.

  • Reuters - UK Focus

    RPT-South African mining sector braces for coronavirus lockdown

    South African mining companies are bracing for a heavy hit from the country's looming nationwide lockdown to slow the spread of the coronavirus, warning of an expected leap in costs in addition to their lost output. A leading producer of metals and minerals such as platinum, palladium, coal, gold and iron ore, South Africa's labour-intensive mining industry is a potential hotbed of infection among the thousands of miners who often work in confined spaces, with some living nearby in cramped accommodation. President Cyril Ramaphosa on Monday imposed a 21-day lockdown from midnight on Thursday after a surge in coronavirus cases.

  • Bloomberg

    South Africa’s Mining Industry Is About to Come to a Standstill

    (Bloomberg) -- South Africa’s iconic mines, from the ever-deepening gold shafts on which the economy was founded to massive iron ore pits and rich platinum seams, are about to go silent.From midnight Thursday, all but a few coal operations needed to fuel the country’s power stations are expected to be included in a nationwide lockdown aimed at containing the coronavirus. The sweeping shutdown is unprecedented in the 150-year history of South Africa’s mining industry, which today employs more than 450,000 people.President Cyril Ramaphosa is moving quickly to curb the virus spread as infections threaten to spiral out of control in a country with an already strained health system and rampant unemployment. The army will help police to enforce the lockdown, with grocers, pharmacies, banks, filling stations and other essential services allowed to remain open.Producers from Harmony Gold Mining Co., the nation’s biggest producer of the precious metal, to top platinum miner Sibanye Stillwater Ltd. said they’re bracing for earnings hits as mines move to care and maintenance, an industry term for when production stops but essential services like underground water pumping continue. Anglo American Plc said it will review the detailed regulations on the lockdown when they’re published, including for potential exemptions.“This would be unprecedented in the history of mining in South Africa,” said Roger Baxter, the chief executive officer of the Minerals Council South Africa, the main industry group. “There were certain times when components of the industry were closed, for example during the second world war, but this is unprecedented.”Labor IntensiveSouth Africa’s mining industry is labor intensive, and digging underground means workers regularly enter narrow elevators together to travel beneath the surface. Many of the thousands of workers who will be affected by the shutdown live in close proximity to one another in mining communities around the operations.“Companies whose operations require continuous processes such as furnaces, underground mine operations will be required to make arrangements for care and maintenance to avoid damage to their continuous operations,” Ramaphosa said Monday.For global metal markets, the biggest impact may be in platinum and palladium -- South Africa accounts for 75% and 38% respectively of global supply. Prices for both metals, which are used in autocatalysts, extended gains Tuesday, with spot palladium rising more than 15%, the biggest intraday gain since 1998. Shares in MMC Norilsk Nickel PJSC, the world’s top producer of palladium, jumped as much as 23%.Palladium was in a persistent and widening global deficit before the health crisis took hold around the world. Still, sweeping factory closures by carmakers are likely to limit the effect of South Africa’s shut down on global metal supplies as demand tumbles.South African operations are also crucial for some of the world’s biggest miners. Anglo American was projected to get about 50% of its profits from the country this year, according to BMO Capital Markets. Glencore Plc and South32 Ltd. are also active in the country, while smaller miners such as Petra Diamonds Ltd. and Bushveld Minerals Ltd. have the majority of their operations there.The two biggest industry labor groups, the Association of Mineworkers and Construction Union and National Union of Mineworkers, both welcomed the measures announced by Ramaphosa.The Minerals Council is also exploring what will be required to prevent the lockdown leading to permanent damage of the industry, it said in a statement.“There are marginal and lossmaking mines that would likely be unable to reopen should they be required to close fully, without remedial measures,” the group said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Metals Buckle Under Virus Double Whammy

    Metals Buckle Under Virus Double Whammy

    (Bloomberg Opinion) -- Lockdowns imposed to control the coronavirus have battered China’s appetite for everything from coal to copper, pushing stockpiles of raw materials higher and global prices lower. The next crunch could come from supply. The risk of an outbreak is growing in ill-prepared producer countries, with mandatory quarantines and border shutdowns threatening to choke off production.Prices of bulk commodities are already seeing some support from such disruptions, as ports and mines close. Coking coal in particular has outperformed owing in part to Mongolia’s decision in late January to seal its border with China, which cut off a key source of supply. The impact may be only short term. With factory shutdowns spreading through the U.S. and Europe, the reduction in wider metals supply would need to be dramatic to offset crumbling global demand. Upheaval could provide some price support regardless.Appetite for virtually all commodities has slumped since January, when the extent of damage from the novel coronavirus became clear. Even where mills, smelters and factories stayed open, that largely translated into crammed warehouses. China’s industrial production, investment and retail sales for the first two months of the year plunged across the board, with construction particularly weak. China’s economy is now all but certain to contract in the first quarter from a year earlier.With European automakers and other manufacturers shuttering operations, the drop in commodity demand in the first three months is likely to be even worse than during the global financial crisis. Steel demand will fall more than a fifth, copper will slide 14% and aluminum almost a third, analysts at BMO Capital Markets estimate.It hasn’t helped futures prices that the latest wave of closures is coming as we head into the second quarter, usually a peak period for demand. China, by contrast, was worse hit during the quieter Lunar New Year. Copper, a bellwether of confidence in global manufacturing, has tumbled to four-year lows of around $4,800 per metric ton on the London Metal Exchange.Travel and quarantine restrictions have already damaged supply, making it harder for miners to fly employees in and out and impeding projects under construction. Peru’s quarantine has already prompted Anglo American Plc to stop all nonessential work at its $5 billion Quellaveco project and withdraw most of the site’s 10,000 staff and contractors. Canada’s Teck Resources Ltd. has suspended work at its Quebrada Blanca Phase 2 in Chile, while Rio Tinto Group says work has slowed on its underground mine at Oyu Tolgoi in Mongolia.Lockdowns may be even more severe. Copper mines are among the worst affected as Chile and Peru, the world’s top two producers, scramble to contain the virus, prompting Anglo American, Antofagasta and others to send staff home. Chilean state behemoth Codelco will work at reduced capacity for two weeks, while workers at BHP Group’s Escondida, the world’s largest copper mine, threatened action to compel the company to take more preventative steps. The miner said Saturday it would reduce the number of contractors onsite. Analysts at Bank of Nova Scotia estimate a two-week halt in operations in those two countries would amount to 325,000 tons of lost production — roughly 4% of their combined annual output. This serves to underline the geographical concentration of a handful of key materials. Lithium is produced mainly in Chile and Australia, while iron-ore exports are dominated by Australia and Brazil. The price surge after last year’s Vale SA dam disaster shows what a port closure could do to the iron-ore market, though such a move appears unlikely given the huge budget contribution that the material makes to Brazil and Australia.Many producer countries are developing economies and ill-equipped to handle an epidemic that has floored even the world’s richest nations. In Brazil, the response has been patchy at best, with some states taking measures that are increasingly at odds with the federal government. Poorly implemented lockdowns, as seen in the Philippines, could push thousands of casual workers out of cities in search of work in more remote areas — potentially extending the spread.If more drawbridges are raised, expect supplies from explosives and tires to heavy equipment to get blocked, hampering even mining operations that could otherwise keep going. In the meantime, low prices will hurt some higher-cost projects, though rock-bottom prices for oil, a significant input, will cushion the blow. This will affect smaller producers first, given the healthy balance sheets of big miners. Still, operations like Rio’s Pacific Aluminium, or pricey U.S. copper mines, look vulnerable.Demand was the first part of an unprecedented crunch for the global commodities industry. The second act is only beginning. This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Clara Ferreira Marques is a Bloomberg Opinion columnist covering commodities and environmental, social and governance issues. Previously, she was an associate editor for Reuters Breakingviews, and editor and correspondent for Reuters in Singapore, India, the U.K., Italy and Russia.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters - UK Focus

    Anglo American says to cut staff at operations such as in Chile

    Anglo American said on Friday it would cut the number of workers at its operations in countries such as Chile to contain the spread of coronavirus but added there would be no material disruption on production. The global miner, which produces copper in Chile, said its supply chains were functioning well at the moment as a result of engagement with suppliers. Anglo said on Thursday it would reduce operations at its Los Bronces copper mine in Chile and said production losses would be minimal.

  • Is Anglo American a high quality contrarian stock?

    Is Anglo American a high quality contrarian stock?

    Mohnish Pabrai is a popular figure on the US investing scene. After immigrating to the US from India in the 1980s he studied engineering and later worked in IT8230;

  • How secure is the Anglo American dividend?

    How secure is the Anglo American dividend?

    There is some evidence that buying progressive dividend payers with solid balance sheets is a strategy well-rewarded by the market. After all, who doesn’t like8230;

  • Reuters - UK Focus

    Anglo American Platinum nudges output guidance lower

    Anglo American Platinum's full-year production of platinum group metals will be at the lower end of its previous outlook, it said on Thursday, sending its shares down 10%. The world's second-biggest platinum group metals producer, known as Amplats, declared force majeure and cut its production outlook on March 6 after it shut a converter plant following an explosion. Amplats said repairs at its processing facilities would cost 650 million to 800 million rand ($37 million to $46 million) and that it ws reviewing its capital spending plans for 2020.

  • Reuters - UK Focus

    Anglo American slows Peru copper project construction due to national quarantine

    Global miner Anglo American on Tuesday said it is slowing down the construction work of the Quellaveco copper project in Peru, following a 15-day national quarantine to curb the spread of the coronavirus outbreak. The Quellaveco project is expected to start production in 2022, with an expected capital cost of $5 billion to 5.3 billion, Anglo said.

  • What Is Anglo American's (LON:AAL) P/E Ratio After Its Share Price Tanked?
    Simply Wall St.

    What Is Anglo American's (LON:AAL) P/E Ratio After Its Share Price Tanked?

    Unfortunately for some shareholders, the Anglo American (LON:AAL) share price has dived 40% in the last thirty days...

  • Reuters - UK Focus

    Anglo American signs solar energy contract for Minas Gerais

    Anglo American has signed a 15-year contract in Brazil to buy 70 MW of solar power from Atlas Renewable Energy as of 2022 for its operation in Minas Gerais, the mining company said in a statement on Tuesday. Atlas will invest 881 million reais ($190 million) in a solar farm in Minas Gerais state to cover the Anglo American contract, the mining company said. Anglo aims to be using 100% renewable energy by 2022.

  • These shares plunged in a single day. I think they could now be buys

    These shares plunged in a single day. I think they could now be buys

    With coronavirus hammering global stock markets, these share prices have been hit hard and Andy Ross thinks they now look too cheap. The post These shares plunged in a single day. I think they could now be buys appeared first on The Motley Fool UK.

  • Reuters - UK Focus

    Colombia coal miner Cerrejon, union fail to reach contract agreement

    Cerrejon, one of Colombia's biggest coal producers, and its largest workers union on Friday concluded contract negotiations without reaching an agreement, the parties said. Union members will now vote on whether to strike or to go to arbitration with the company. "Negotiations remain ongoing," Cerrejon said in a message, which is owned equally by BHP Group, Anglo American and Glencore.

  • Reuters - UK Focus

    Brazil state authority defends licensing Anglo American facility expansion

    A Brazilian state environmental authority on Thursday defended granting a license to miner Anglo American PLC to expand an iron ore facility, including a mining waste dam, following a lawsuit by public prosecutors seeking to block the project. Minas Gerais, a major mining state, passed a law instituting new safety measures for miners last year following the collapse of a tailings dam at a Vale SA mine that killed more than 270 people. State public prosecutors contend that Anglo's environmental license for the Minas-Rio facility expansion should be blocked and no further licenses should be granted, at least until three communities downstream from the dam are guaranteed the right to be resettled.

  • The Sirius Minerals share price jumped 17%. Should I now buy Anglo American shares?

    The Sirius Minerals share price jumped 17%. Should I now buy Anglo American shares?

    Does the acceptance of an offer by Sirius Minerals now make Anglo American a buy?The post The Sirius Minerals share price jumped 17%. Should I now buy Anglo American shares? appeared first on The Motley Fool UK.

  • Sirius Minerals is being sold to Anglo American. What should investors do?

    Sirius Minerals is being sold to Anglo American. What should investors do?

    G A Chester discusses whether buying shares in Anglo American is a good option for soon-to-be ex-shareholders of Sirius Minerals.The post Sirius Minerals is being sold to Anglo American. What should investors do? appeared first on The Motley Fool UK.

  • What to watch: Intu shares plunge, UK services growth slows, De Beers diamond warning
    Yahoo Finance UK

    What to watch: Intu shares plunge, UK services growth slows, De Beers diamond warning

    A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

  • Diamond sales hit by coronavirus, warns De Beers
    Yahoo Finance UK

    Diamond sales hit by coronavirus, warns De Beers

    De Beers said COVID-19 had hurt demand for diamonds in China.

  • Reuters

    Brazil state prosecutors seek to block expansion of Anglo American mining dam

    Brazilian state prosecutors filed a lawsuit on Tuesday requesting that miner Anglo American PLC's licence to expand a mining dam be suspended, following a fatal mining disaster last year. The state of Minas Gerais passed a law last year commonly called "Sea of Mud, Never Again" to change mining rules following the collapse of a dam at a Vale SA facility that released a torrent of mining waste, killing at least 270 people. Based on that law, Minas Gerais prosecutors are seeking to block the planned expansion in capacity of Anglo's Minas-Rio facility, which includes raising the height of a dam that contains mining tailings.

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