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Anglo American PLC (AAL.L)

AAL.L on London Stock Exchange

1,106.50GBp
28 Apr 2017
Change (% chg)

18.50 (+1.70%)
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Latest Key Developments (Source: Significant Developments)

Anglo American says Q1 production up 9 pct
Monday, 24 Apr 2017 02:00am EDT 

April 24 (Reuters) - Anglo American Plc ::Anglo American production report Q1, 2017.Q1 rough diamond production increased by 8 pct to 7.4 million carats compared with q1 2016. This reflected contribution of Gahcho Kué in Canada.Q1 platinum production (metal in concentrate) (2) was broadly flat at 572,000 ounces.Q1 copper production decreased by 3 pct to 142,600 tonnes.Q1 iron ore production from Kumba increased by 17 pct to 10.5 million tonnes due to improved mining productivity at Sishen, and higher throughput at Kolomela..Q1 iron ore production from Minas-Rio increased by 30 pct to 4.3 million tonnes (wet basis) as operation continued to ramp-up..Q1 production of South African and Colombian export thermal coal increased by 6 pct to 6.8 million tonnes.Q1 nickel production decreased by 12 pct to 9,900 tonnes.Q1 export metallurgical coal production increased by 28 pct to 5.2 million tonnes.De beers full year production guidance remains unchanged at 31-33 million carats, subject to trading conditions..Total rough diamond sales volumes in Q1 2017 were 14.1 million carats.Full year production guidance of metal in concentrate remains unchanged at 2.35 - 2.40 million ounces..FY copper production guidance remains unchanged at 570,000 - 600,000 tonnes.Iron ore and manganese full year production guidance remains unchanged at 40-42 million tonnes..Australian export thermal coal production was impacted by cyclone Debbie with production losses in last week of march.  Full Article

Anglo American sells Eskom-tied thermal coal units in South Africa
Monday, 10 Apr 2017 02:00am EDT 

Anglo American Plc : Sale of Eskom-tied thermal coal operations in SA . Eskom-Tied domestic thermal coal operations in South Africa to a wholly owned subsidiary of Seriti Resources Holdings Proprietary Limited . Consideration payable for operations as at Jan. 1 2017 is 2.3 bln rand(approximately $164 million) . Transaction will result in Seriti becoming second largest provider of thermal coal to Eskom, supplying almost a quarter of Eskom's current annual coal requirements. . Transaction is expected to close by end of 2017. .Eskom-Tied domestic thermal coal operations consist of new vaal, new Denmark and Kriel collieries, as well as four closed collieries.  Full Article

Anglo American says value of De Beers' rough diamond cycle 3 sales at $580 mln
Tuesday, 4 Apr 2017 03:00am EDT 

Anglo American Plc : Announces value of rough diamond sales for De Beers' third sales cycle of 2017, amounting to $580 million .Saw continuation of good rough diamond demand in cycle 3 across product range - CEO.  Full Article

Mountain Province Diamonds says Gahcho Kué officially began commercial production
Thursday, 2 Mar 2017 06:17pm EST 

Mountain Province Diamonds Inc : Mountain Province Diamonds Inc says Gahcho Kué officially began commercial production .Gahcho Kué is expected to produce approximately 54 million carats of rough diamonds over its lifetime.  Full Article

Anglo American to appoint Nolitha Fakude as non-exec director
Monday, 27 Feb 2017 05:15am EST 

Anglo American Plc : Anglo American to appoint Nolitha Fakude to board .Nolitha Fakude will join board as a non-executive director with effect from conclusion of annual general meeting on April 24.  Full Article

Anglo American says FY profit attributable to shareholders $1.6 bln
Tuesday, 21 Feb 2017 02:06am EST 

Anglo American PLC : Says preliminary results . Says net debt reduced by 34% to $8.5 billion (2015: $12.9 billion), well below $10 billion target . Says attributable free cash flow of $2.6 billion (2015: $(1.0) billion) . Says capital expenditure reduced by 37% to $2.5 billion . Says group underlying ebitda increased by 25% to $6.1 billion, despite a 3% decrease in average prices . Says profit for financial year attributable to equity shareholders of $1.6 billion (2015: $(5.6) billion) . Says continue to benefit from performance of a number of other world class assets across bulk commodities of iron ore and coal, as well as nickel . Says in 2017, capital expenditure will be maintained at $2.5 billion with stay-in-business capital increased to $1.2 billion . Says operating profit of $1.7 billion increased by $5.8 billion (2015: $4.1 billion loss) while underlying ebitda increased by 25% to $6.1 billion . Says profit for financial year attributable to equity shareholders of $1.6 billion (2015: $5.6 billion loss) with underlying earnings of $2.2 billion (2015: $0.8 billion) . Says higher sales volumes at De Beers, following a weaker 2015, materially benefited underlying ebitda . Says iron ore production at Sishen decreased by 10%, in line with mine's lower-cost pit configuration.  Full Article

Anglo American 2016 copper production rises
Thursday, 26 Jan 2017 02:00am EST 

Anglo American Plc : Production report for the fourth quarter ended Dec. 31, 2016 . Says operational improvements across portfolio delivered a 4 pct production increase on a copper equivalent basis(9) in Q4 2016 . Says De Beers saw continued production increases, reflecting improved trading conditions relative to Q4 2015 . Says rough diamond production increased by 10 pct to 7.8 million carats compared with Q4 2015 . Says platinum production increased by 2 pct to 610,100 ounces with strong production from Mogalakwena and Unki mines . Says Q4 copper production decreased by 19 pct to 146,600 tonnes . Says Q4 nickel production increased by 4 pct to 10,900 tonnes . Q4 iron ore production from Kumba increased by 9 pct to 11.9 million tonnes due to mining productivity and higher plant yields at Sishen, and higher throughput at Kolomela .Says iron ore production from Minas-Rio increased by 49 pct to 4.9 million tonnes (wet basis) as operation continues to ramp-up.  Full Article

Anglo American says De Beers rough diamond sales value cycle 1 of $720mln
Tuesday, 24 Jan 2017 03:00am EST 

Anglo American Plc : Announces value of rough diamond sales for De Beers' first sales cycle of 2017, amounting to $720 million. . Longer period between final sight of 2016 and first sight of 2017 also contributed to heightened demand during cycle. . Maintain a cautious outlook for these categories as Indian industry continues to adjust to post-demonetisation environment .Reopening of some diamond polishing operations in India saw something of an increase in demand for smaller, lower quality rough diamonds.  Full Article

Anglo American sells stake in South African miner Exxaro
Thursday, 1 Dec 2016 02:00am EST 

Anglo American Plc : Anglo american plc - anglo american sells 9.7% interest in exxaro $215m . Anglo american plc ("anglo american") has agreed to sell its approximately 35 million ordinary shares, representing a 9.7% interest, and main street 333 proprietary limited (1) has agreed to sell approximately 17 million ordinary shares . Sale of anglo american's shares raised gross proceeds of approximately zar3.0 billion (approximately $215 million) . Sale price represents a 10% discount to closing price on 30 november 2016. . Placing shares represent approximately 14.7% of exxaro's issued share capital. Following sale, anglo american no longer holds a direct equity interest in exxaro. . Anglo american intends to use proceeds from placing to reduce net debt. Further company coverage: [AAL.L] (London newsroom) ((uk.online@thomsonreuters.com; +44207 542 7717;)).  Full Article

Anglo American raises about 3 bln rand from sale of Exxaro stake
Thursday, 1 Dec 2016 01:30am EST 

Anglo American Plc : Anglo American has agreed to sell its c.35 million ordinary shares, representing a 9.7 pct interest at a price of 87 rand per share . Main Street 333 Proprietary has agreed to sell approximately 17 million ordinary shares .Sale of Anglo American's shares raised gross proceeds of about 3 billion rand as sale price represented 10 percent discount to Nov. 30 close.  Full Article

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