Key Developments: Anglo American PLC (AAUKF.PK)

AAUKF.PK on OTC Markets Group

17.97USD
23 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Anglo American PLC announces completion of acquisition of Mintep and Somalu
Wednesday, 15 Jan 2014 04:15am EST 

Anglo American PLC:Says it has completed the acquisition of Mineral Technology Exploration Production SA (MINTEP) and Societe Miniere d'Alumine SA with Anglo African acquiring 100 pct of the projects.Says as a result of completion, it has issued and allocated a total of 30,000,000 new fully paid ordinary shares in the company.Says it has issued and allocated 12,000,000 new fully paid ordinary shares to Mineral Technology Exploration Production SA (MINTEP) and 18,000,000 new fully paid ordinary shares to Societe Miniere d'Alumine SA ( SOMALU).  Full Article

Ferrex PLC signs binding term sheet with Anglo American PLC and Kumba Iron Ore for Mebaga Project in Gabon
Thursday, 19 Dec 2013 02:00am EST 

Ferrex PLC:Announces that it has signed a binding Term Sheet (the Agreement) with Anglo American PLC (Anglo American) and Kumba Iron Ore (Pty) Ltd (Kumba), a supplier of iron ore and member of the Anglo American group, to advance its Mebaga DSO Iron Ore Project (Mebaga or the Project) in Gabon, West Africa.Says in summary, the Term Sheet outlines a transaction whereby Anglo American and Kumba fund the exploration of Mebaga and surrounding areas over a period of up to two years and includes a provision to refund Ferrex for the majority of the exploration spend to date.Says the term sheet also allows Anglo American and Kumba to move to 100 pct ownership of the Project at its election via a purchase arrangement or alternatively for Ferrex to maintain 100 pct ownership of Mebaga if Anglo American and Kumba do not elect to purchase the project.Says exploration will be managed by Anglo American and Kumba; however will utilise the existing in-country exploration team of Ferrex.  Full Article

Anglo American PLC Announces Sale Of Tarmac Building Products Limited To Lafarge Tarmac Holdings Limited
Thursday, 14 Nov 2013 04:00am EST 

Anglo American PLC announced that it has reached an agreement to sell Tarmac Building Products Limited (TBP) to Lafarge Tarmac Holdings Limited (Lafarge Tarmac), the 50:50 joint venture of Lafarge's and Anglo American's construction materials and services businesses in the United Kingdom. The terms of the transaction are confidential and the transaction is subject to regulatory approvals. Both TBP and Lafarge Tarmac operations will continue to operate independently until such approvals are obtained. TBP is a supplier of heavy building products, including construction blocks, bagged aggregates and cement products. The transaction is expected to close in the first half of 2014.  Full Article

Anglo American PLC Announces Completion of sale of Amapa to Zamin Ferrous Ltd
Monday, 4 Nov 2013 02:00am EST 

Anglo American PLC announced the completion of its sale of 100% of the Amapá iron ore operation in Brazil (Amapá) to Zamin Ferrous Ltd. (Zamin) following receipt of regulatory approval for an initial total cash consideration of $134 million, net of certain completion adjustments. As announced on September 25, 2013, Zamin will also pay Anglo American conditional deferred consideration of up to a maximum of $130 million in total, payable over a five year period and calculated on the basis of the market price for iron ore. Anglo American will use the proceeds to pay down debt.  Full Article

Anglo American PLC Agrees Revised Terms For Sale Of Amapa To Zamin Ferrous Ltd
Wednesday, 25 Sep 2013 02:00am EDT 

Anglo American PLC (Anglo American) announced that on January 4, 2013 the Company announced the sale of its 70% interest in the Amapa iron ore operation in Brazil (Amapa) to Zamin Ferrous Ltd. (Zamin). On March 28, 2013, prior to the completion of that transaction, a geological event occurred at the Santana port facility which resulted in the destruction of the port shiploader infrastructure and sampling tower and the tragic loss of six lives. In light of these circumstances, Anglo American entered into further discussions with its partner Cliffs Natural Resources ("Cliffs") and Zamin. Anglo American subsequently entered into an agreement with Cliffs to acquire its 30% interest in Amapá and has now agreed to amend the sale agreement with Zamin, including to reflect Anglo American’s disposal of a 100% interest in Amapa to Zamin. Anglo American has agreed to sell 100% of Amapá to Zamin for an initial total consideration of approximately $136 million, subject to certain adjustments at completion plus the repayment of any intercompany balances. In addition, Zamin will pay Anglo American conditional deferred consideration of up to a maximum of $130 million in total, payable over a five year period and calculated on the basis of the market price for iron ore. Anglo American will use the proceeds to pay down debt.  Full Article

Anglo American PLC Updates On Dividend
Friday, 30 Aug 2013 02:00am EDT 

Anglo American PLC announced that further to the announcement of July 26, 2013, the equivalent of the dividend in Sterling is 20.6540 pence per share and in Euros is 23.9743 Euro cents per share based on exchange rates of USD1 = GBP0.645439 and USD1 = EUR0.749196. As announced on July 26, 2013, the equivalent of the dividend in South African Rand is R3.12512 per ordinary share. The payment date of the dividend is September 12, 2013.  Full Article

Anglo American PLC Declares Dividend
Tuesday, 30 Jul 2013 06:00am EDT 

Anglo American plc declared an interim dividend of 312.512 cents per ordinary share be payable on September 12, 2013 to ordinary shareholders, recorded in the books of the Company at the close of business on August 16, 2013.  Full Article

Anglo American PLC Announces Interim Dividend
Friday, 26 Jul 2013 02:00am EDT 

Anglo American PLC announced that a interim dividend of USD0.32 per share (June 30, 2012: USD0.32 per share) has been declared, in line with the Board's commitment to provide a base dividend, which will be maintained or increased through the cycle.  Full Article

Altius Minerals Corp Executes Agreement On Natashquan Nickel-Copper-PGE Project With Anglo American PLc
Thursday, 25 Jul 2013 07:00am EDT 

Altius Minerals Corp announced that it has entered into a joint venture (JV) agreement with Anglo American PLC with respect to its Natashquan nickel-copper-cobalt-platinum-palladium project in southern Labrador, Canada. With an initial spend of $650,000 in 2013, Anglo American has the option to earn a 66% interest in the project, through agreed additional expenditures of $20 million over a five year period. Upon declaring a JV, Altius will also be granted a 1% net smelter returns (NSR) royalty. Anglo American will be the operator during the earn-in phase and the initial manager to the JV. Plans are in progress to commence a multifaceted field program in July.  Full Article

Anglo American PLC Announces Ownership Of Interest Of Coronation Asset Management (Pty) Ltd
Wednesday, 10 Jul 2013 05:28am EDT 

Anglo American PLC announced that Coronation Asset Management (Pty) Ltd holds 71 675 580 shares, representing 5.10% of voting rights in the Company.  Full Article

Stronger energy stocks help FTSE bounce back

LONDON, Dec 15 - Britain's top share index rose on Monday, rebounding after its biggest weekly fall in over three years, as energy stocks bounced back from multi-year lows to track the oil price higher.

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