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Anglo American PLC (AGLJ.J)

AGLJ.J on Johannesburg Stock Exchange

20,143.00ZAc
10:26am EDT
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Latest Key Developments (Source: Significant Developments)

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

Anglo American Platinum sees FY EPS and HEPS at least 20 pct higher
Thursday, 10 Nov 2016 01:00am EST 

Anglo American Platinum Limited : Jse: Ams - Trading Statement For The Twelve Months Ending 31 December 2016 . Mainly due to benefit of foreign exchange movements as well as cost saving initiatives across company, FY EPS and HEPS will be at least 20 pct higher .Basic earnings and basic earnings per share will also be at least 20 pct (r2.425 billion or 928 cents per share) higher.  Full Article

Anglo American says completes sale of niobium and phosphates units
Friday, 30 Sep 2016 12:38pm EDT 

Anglo American Plc :Receives cash proceeds of $1.7 billion for completed sale of niobium and phosphates businesses.  Full Article

Anglo American appoints Stephen Pearce as finance director
Friday, 23 Sep 2016 02:00am EDT 

Anglo American Plc : Appointment of Stephen Pearce as finance director . René Médori will remain on board until conclusion of Anglo American's AGM on 24 April 2017, when he will step down from board . Stephen Pearce will be taking over as finance director with effect from 24 April 2017 . Appointment of Stephen Pearce as finance director, following René Médori's decision to retire, as announced in April 2016 .Pearce will join Anglo American and its group management committee on 30 January 2017.  Full Article

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UPDATE 2-Vedanta's Agarwal says no plans to buy Anglo American assets in South Africa

LAUSANNE, March 29 The chairman of Indian miner Vedanta Resources said on Wednesday he had no plans to buy assets in South Africa from Anglo American or push for a board seat after announcing plans to buy a 13 percent stake in the mining giant.