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Anglo American PLC (AGLJ.J)

AGLJ.J on Johannesburg Stock Exchange

22,240.00ZAc
23 Jan 2017
Change (% chg)

589.00 (+2.72%)
Prev Close
21,651.00
Open
21,564.00
Day's High
22,338.00
Day's Low
21,360.00
Volume
2,571,713
Avg. Vol
3,289,510
52-wk High
22,400.00
52-wk Low
5,082.00

Latest Key Developments (Source: Significant Developments)

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

Anglo American says De Beers rough diamond sales value for cycle 7 of $630 mln
Tuesday, 6 Sep 2016 03:00am EDT 

Anglo American Plc : De beers' rough diamond sales value cycle 7, 2016 . Value of rough diamond sales for De Beers' seventh sales cycle amounting to $630 million versus $528 million value of sixth sales cycle .Bruce cleaver, CEO of De Veers, said: "we saw healthy demand for our rough diamonds in cycle 7".  Full Article

China Molybdenum updates on acquisition of Anglo American's niobium and phosphates businesses<3993.HK><603993.SS>
Monday, 8 Aug 2016 10:38am EDT 

China Molybdenum Co Ltd <603993.SS>: Update on the acquisition of Anglo American PLC's niobium and phosphates businesses . Approved resolution in relation to plan of material asset acquisition of China Molybdenum Co. ltd .  Full Article

De Beers' sixth diamonds sales cycle value of $564 mln
Tuesday, 2 Aug 2016 03:00am EDT 

Anglo American Plc : Value of rough diamond sales for De Beers' sixth sales cycle of 2016, amounting to $520 mln, compared with $564 mln value of fifth sales cycle of 2016 .Company maintains a cautious outlook for remainder of 2016.  Full Article

China Molybdenum updates on acquisition of Anglo American's niobium and phosphates businesses<3993.HK><603993.SS>
Friday, 29 Jul 2016 07:56am EDT 

China Molybdenum Co Ltd <603993.SS>: Update on the acquisition of Anglo American Plc's niobium and phosphates businesses <3993.HK> . Company received the notice of not implementing further review from MOFCOM Anti-Monopoly Bureau regarding the transaction . Refers to announcements in relation to proposed acquisition of Anglo American Plc's niobium and phosphates businesses .  Full Article

Anglo American says net debt at June 30 fell to $11.7 bln
Thursday, 28 Jul 2016 02:00am EDT 

Anglo American Plc : Net debt at 30 june 2016 decreased to $11.7 billion versus. $12.9 billion as at 31 december 2015 . Capital and cost discipline expected to deliver net debt of less than $10 billion at end 2016. . Group revenue $10.62 billion for 6 months ended june 30 versus $13.35 billion last year . Loss before tax $364 million for 6 months ended june 30 versus $1.92 billion last year . H1 group underlying ebit of $1.4 billion, a 27% decrease, due to lower commodity prices . Total platinum production (metal in concentrate) rose by 2%, driven by continued strong performance at amandelbult and mogalakwena. . Plans are in place to deliver approximately $200 million of cash savings for diamonds unit . Disposal proceeds of $1.5 billion agreed and expect to be completed in h2 2016 . Unit costs decreased by 19% versus. H1 2015 in us dollar terms . Commodity price-driven impairment of $1.2 billion relating to moranbah and grosvenor coal assets . No interim dividend was declared for 2016 (h1 2015: 32 us cents per ordinary share). . Board has recommended that, upon resumption, anglo american plc should adopt a payout-ratio-based dividend policy . Sees expansionary capital expenditure will continue to decrease, .Macro-Economic conditions underpinning consumer demand for diamonds remain broadly stable in aggregate.  Full Article

Miner Teck eyes sharing port with Anglo American in Chile

VANCOUVER Teck Resources has held talks with fellow miner Anglo American Plc about sharing port infrastructure at their neighboring copper mines in Chile, Teck's chief executive officer said on Monday, arguing for more industry partnerships.