Key Developments: Anglo American PLC (AAUKY.PK)
10.79USD
19 Jun 2013
$-0.35 (-3.14%)
$11.14
$11.09
$11.09
$10.77
83,245
129,502
$17.51
$10.55
Latest Key Developments (Source: Significant Developments)
Anglo American PLC Recommends and Updates on Dividend Distribution for FY 2012
Anglo American PLC announced that further to the Board's recommendation of a final dividend of USD 0.53 per share, increased by 15%, giving a total rebased dividend of USD 0.85 per share for fiscal year 2012, subject to shareholder approval at the Annual General Meeting to be held on April 19, 2013, the equivalent of the dividend is GBP 0.346190 per share and is EUR 0.404511 per share based on exchange rates of USD 1 = GBP 0.653189 and USD 1 = EUR 0.763229. The equivalent of the dividend in South African Rand is ZAR 4.7038 per ordinary share. Dividend warrants are scheduled to be mailed in South Africa on April 23, 2013 and in the UK on April 24, 2013 for payment on April 25, 2013. Full Article
Silicosis Files Class Action lawsuit Anglo American PLC-Reuters
Reuters reported that Lawyers representing gold miners suffering from the deadly lung disease silicosis said, they had filed a class action lawsuit application against the South African arm of Anglo American PLC. The lawyers allege that Anglo American South Africa was the parent company of 11 gold mines up until 1998 and that it 'negligently controlled and advised its mines with regard to prevention of dust exposure and silicosis'. Full Article
Anglo American PLC Announces 19% Increase to Mineral Resources and Ore Reserves at Collahuasi
Anglo American PLC announced that its 44%-owned copper mine in Chile, Collahuasi, declared new Measured, Indicated and Inferred Resource increase by 1.4 billion tonnes to over 9.0 billion tonnes at an average grade of 0.81% copper and 0.02% of molybdenum. This represents a 19% increase on the previous estimate published in December 2011. Total contained copper metal has increased by 23% to around 73 million tonnes. The Ore Reserves have increased by 10% compared to the previous year, up 292 million tonnes to a total of 3.2 billion tonnes at an average grade of 0.81% copper. This new estimate is the result of new drill results, geological modeling updates, mining design optimization and adjustments to metal price assumptions. Full Article
Anglo American PLC And Lafarge SA Announces Completion Of 50:50 Joint Venture
Anglo American PLC and Lafarge announced the completion of their 50:50 joint venture, creating the UK’s construction materials company Anglo American and Lafarge announced the completion of their 50:50 joint venture which will combine their cement, aggregates, ready-mix concrete, asphalt and asphalt surfacing, maintenance services, and waste services businesses in the United Kingdom. The joint venture will be known as Lafarge Tarmac and begins trading on January 8, 2013. Completion of the Lafarge Tarmac joint venture follows final clearance from the UK Competition Commission, predicated on the completed sale of a portfolio of Tarmac and Lafarge construction materials operations in the UK, which occurred on January 8, 2013. The agreed sale of Tarmac’s 50% ownership interest in Midland Quarry Products is subject to a right of pre-emption in favour of Hanson Quarry Products Europe Limited and, as a result, the completion of this transaction is pending. As announced on November 23, 2012, the Lafarge Tarmac leadership team includes Jamie Pike as Non-Executive Chairman, Cyrille Ragoucy as CEO and Guy Young as CFO. Full Article
Anglo American PLC Appoints Mark Cutifani As Chief Executive
Anglo American PLC announced the appointment of Mark Cutifani as Chief Executive, with effect from April 3, 2013. Anglo American’s current Chief Executive, Cynthia Carroll, will step down from the Board at the Company’s Annual General Meeting in April 2013 and will leave Anglo American at the end of that month. Full Article
Anglo American PLC Agrees Sale Of 70% Interest In Amapá Iron Ore Mine To Zamin Ferrous Ltd
Anglo American PLC announced the sale of its 70% interest in the Amapá iron ore operation in Brazil to Zamin Ferrous Ltd. (Zamin). The terms of the transaction are confidential. The transaction is expected to complete in 2013. Full Article
Anglo American PLC Sells 16.8% Stake In Palabora Mining Company Limited For ZAR893 Million-DJ
Dow Jones reported that Anglo American PLC has reached a binding agreement to sell its 16.8% effective interest in Palabora Mining Company Limited for ZAR893 million. Anglo American participated in the sale process led by Rio Tinto which holds a 57.7% effective interest in Palabora. The purchaser is a consortium comprising South African and Chinese entities led by the Industrial Development Corporation of South Africa Limited and Hebei Iron & Steel Group, who are committed to the ongoing sustainable management of Palabora. The sale is expected to take four to six months. The purchase price is subject to customary adjustments upon closing. Full Article
Anglo American PLC Completes Sale Of Scaw South Africa (Pty) Ltd
Anglo American PLC announced the completion on November 23, of the sale of Scaw South Africa (Pty) Ltd. and related companies for a total consideration of ZAR3.4 billion on a cash and debt free basis. Anglo American announced on April 24, 2012 the sale of Scaw South Africa, a South African based integrated steel maker, to an investment consortium led by the Industrial Development Corporation of South Africa (IDC) and Anglo American's partners in Scaw South Africa, being Izingwe Holdings (Pty) Limited, Shanduka Resources (Pty) Limited and the Southern Palace Group of Companies (Pty) Limited. Full Article
Anglo American PLC And Lafarge SA Announces Sale Of Portfolio Of Tarmac And Lafarge Construction Materials Operations In UK To Mittal Investments
Anglo American PLC and Lafarge SA announced that they have agreed to sell a portfolio of Tarmac and Lafarge construction materials operations in the UK and Tarmac's 50% ownership interest in Midland Quarry Products Limited (MQP) to Mittal Investments, the private investment vehicle of the Lakshmi N. Mittal family. The consideration paid by Mittal Investments for the assets is GBP272 million including up to GBP30 million contingent on the performance of the underlying assets over the next three years. In addition, an estimated amount of GBP13 million, which relates to working capital of the divested assets not transferring with the business, will be released as funding to the 50:50 joint venture between Lafarge and Tarmac. The divestments, which are conditional upon regulatory approval, comprise a cement plant in Hope, Derbyshire, with a capacity of 1.4 million tonnes, and related depots; a network of 172 ready mix concrete plants; five aggregates quarries, two asphalt plants, one marine aggregates wharf and one rail-linked aggregates depot and the sale of Tarmac 50% ownership interest in MQP, which is also subject to regulatory approval and a right of pre-emption in favour of Hanson Quarry Products Europe Limited. Completion of the JV is expected in early 2013. Full Article
Glencore International PLC Among Suitors For Anglo American PLC's Brazil Amapa Stake-Reuters
Reuters reported that at least four suitors including Glencore International PLC are in the bidding process for miner Anglo American PLC's majority stake in the Amapa iron ore operation in northern Brazil. Anglo bought control of Amapa in 2008 from Brazilian billionaire Eike Batista's MMX as part of the $5.5 billion Minas Rio acquisition. But the asset has been deemed non-core and has been on the block since last year. Other bidders in the current second phase of the sale process include Russian steelmaker Severstal' OAO, privately owned mining group Zamin, which was founded by Indian commodities investor Pramod Agarwal and already owns assets in Brazil, and Australia's Centaurus Metals Ltd, also already working in the country. Full Article
Chile Collahuasi workers don't adhere to call to national strike
SANTIAGO, April 9 - Worker at the World No. 3 copper mine Collahuasi in northern Chile did not adhere to calls for a national strike and operations there are normal, a union leader told Reuters on Tuesday.
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