|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||0.00 - 0.00|
|PE ratio (TTM)||7.26|
|Dividend & yield||0.00 (0.00%)|
|1y target est||N/A|
Global miner Anglo American posted higher second quarter iron ore production on Thursday, leading it to raise its annual targets for the steel-making ingredient. Iron ore production at the company's South ...
South Africa's National Union of Mineworkers (NUM) has tabled wage hike demands of 12.5 to 16 percent with Anglo American (LSE: AAL.L - news) 's unit Kumba Iron Ore (Other OTC: KIROY - news) , well above inflation, according to a document obtained by Reuters on Thursday. Anglo American has signalled its intention to sell off its stake in Kumba and the talks could be tough as prospective investors will not want to be saddled with an onerous wage bill amid uncertainty about iron and steel prices. Kumba said earlier in May that it expects its interim earnings to rise by at least 20 percent largely because of higher export prices for iron ore which have been boosted by weakness in the rand currency.
Anglo American Platinum , the world's No. 1 producer of the precious metal, swung into profit in 2016 from a restated loss and said on Wednesday it had sold off its Union mine, the last major asset it wanted to dispose of. * Amplats, a unit of Anglo American (LSE: AAL.L - news) , has not declared a dividend since 2011, but the market had not widely expected one.
The chief executive of South Africa's Kumba Iron Ore said on Tuesday that resuming dividend payouts was a priority this year. Themba Mkhwanazi was speaking at the presentation of the Anglo American unit's ...
Kumba Iron Ore (Other OTC: KIROY - news) , which Anglo American (LSE: AAL.L - news) has put up for sale, said on Wednesday its profit more than doubled for the year, setting it up to outstrip forecasts when it reports earnings next month. Africa's biggest miner of iron ore, which is used in steel-making, is one of the assets Anglo is jettisoning as part of a sweeping overhaul to cope with a rout in commodity prices. Anglo owns 70 percent of Kumba, which a year ago cut output and jobs to cope with weaker iron ore prices at the time.