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United States

Anglo American PLC (AGLJ.J)

AGLJ.J on Johannesburg Stock Exchange

21,559.00ZAc
5 Dec 2016
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Latest Key Developments (Source: Significant Developments)

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

Anglo American sees $143 mln in H1 underlying earnings from Kumba Iron Ore Ltd
Tuesday, 26 Jul 2016 02:00am EDT 

Anglo American Plc :Will report underlying earnings in respect of Kumba Iron Ore Limited of $143 million for six months ended 30 June 2016.  Full Article

Anglo American says Themba Mkhwanazi appointed CEO of Kumba Iron Ore
Tuesday, 26 Jul 2016 01:07am EDT 

Anglo American Plc : Appointment of Themba Mkhwanazi as CEO of Kumba Iron Ore Limited . July Ndlovu appointed ceo of anglo american's coal business in south africa, to replace Themba Mkhwanazi .Appointments of Mkhwanazi will take effect on 1 september 2016.  Full Article

Anglo American sees H1 underlying earnings of $68 mln from Amplats
Monday, 25 Jul 2016 02:00am EDT 

Anglo American Plc :Will report underlying earnings in respect of Anglo American Platinum Limited of $68 million for six months ended June 30 2016.  Full Article

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Anglo American to exit stake in South African miner Exxaro

British miner Anglo American Plc said on Wednesday it would sell its stake in South African diversified miner Exxaro Resources Ltd and use the proceeds to reduce debt.