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Anglo American PLC (AGLJ.J)

AGLJ.J on Johannesburg Stock Exchange

18,173.00ZAc
24 May 2017
Change (% chg)

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18,173.00
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Avg. Vol
2,877,756
52-wk High
23,687.00
52-wk Low
12,550.00

Latest Key Developments (Source: Significant Developments)

Vedanta Chairman Anil Agarwal rules out merger with Anglo American- FT
10:39am EDT 

May 24 (Reuters) - :Vedanta Chairman Anil Agarwal rules out merger with Anglo American- FT.  Full Article

Anglo CEO says late cycle commodities well positioned in longer term
Tuesday, 16 May 2017 03:50am EDT 

May 16 (Reuters) - Anglo American Plc ::Anglo american plc - "Late Cycle commodities well positioned in the longer term" - ceo.Anglo american plc - "Industry-wide supply side challenges increasing, but bulks generally well supplied" - ceo.Anglo american plc - "price volatility likely to remain" - ceo.Anglo american plc - "Reinstatement of dividend a priority based on payout ratio and targeted for the end of 2017" - ceo.Anglo american plc - "Target net debt/ebitda <1x at spot prices" - ceo.  Full Article

Anglo American says De Beers rough diamond sales value cycle 4 of $520mln
Tuesday, 16 May 2017 03:00am EDT 

May 16 (Reuters) - Anglo American Plc ::De beers' rough diamond sales value cycle 4, 2017.Value of rough diamond sales for de beers' fourth sales cycle of 2017, amounting to $520 million."Sentiment remains positive as we head towards important las vegas trade show in early june." - CEO of De Beers."We are continuing to see steady demand for rough diamonds, despite industry entering a typically quieter season." De Beers' CEO.  Full Article

Anglo American agrees to sale of Drayton coal mine in Australia
Thursday, 4 May 2017 03:00am EDT 

May 4 (Reuters) - Anglo American Plc ::Anglo American agrees sale of Drayton coal mine in Australia.Entered into a sale and purchase agreement with Malabar coal to sell its 88.17 pct interest in Drayton thermal coal mine, Drayton South project.Transaction will be effected via a sale of shares in subsidiary companies holding Anglo American's interest in Drayton.Transaction remains subject to several conditions precedent and its terms are confidential.Anglo American ceased mining activities at drayton mine during 2016.  Full Article

Anglo American says Q1 production up 9 pct
Monday, 24 Apr 2017 02:00am EDT 

April 24 (Reuters) - Anglo American Plc ::Anglo American production report Q1, 2017.Q1 rough diamond production increased by 8 pct to 7.4 million carats compared with q1 2016. This reflected contribution of Gahcho Kué in Canada.Q1 platinum production (metal in concentrate) (2) was broadly flat at 572,000 ounces.Q1 copper production decreased by 3 pct to 142,600 tonnes.Q1 iron ore production from Kumba increased by 17 pct to 10.5 million tonnes due to improved mining productivity at Sishen, and higher throughput at Kolomela..Q1 iron ore production from Minas-Rio increased by 30 pct to 4.3 million tonnes (wet basis) as operation continued to ramp-up..Q1 production of South African and Colombian export thermal coal increased by 6 pct to 6.8 million tonnes.Q1 nickel production decreased by 12 pct to 9,900 tonnes.Q1 export metallurgical coal production increased by 28 pct to 5.2 million tonnes.De beers full year production guidance remains unchanged at 31-33 million carats, subject to trading conditions..Total rough diamond sales volumes in Q1 2017 were 14.1 million carats.Full year production guidance of metal in concentrate remains unchanged at 2.35 - 2.40 million ounces..FY copper production guidance remains unchanged at 570,000 - 600,000 tonnes.Iron ore and manganese full year production guidance remains unchanged at 40-42 million tonnes..Australian export thermal coal production was impacted by cyclone Debbie with production losses in last week of march.  Full Article

Anglo American sells Eskom-tied thermal coal units in South Africa
Monday, 10 Apr 2017 02:00am EDT 

Anglo American Plc : Sale of Eskom-tied thermal coal operations in SA . Eskom-Tied domestic thermal coal operations in South Africa to a wholly owned subsidiary of Seriti Resources Holdings Proprietary Limited . Consideration payable for operations as at Jan. 1 2017 is 2.3 bln rand(approximately $164 million) . Transaction will result in Seriti becoming second largest provider of thermal coal to Eskom, supplying almost a quarter of Eskom's current annual coal requirements. . Transaction is expected to close by end of 2017. .Eskom-Tied domestic thermal coal operations consist of new vaal, new Denmark and Kriel collieries, as well as four closed collieries.  Full Article

Anglo American says value of De Beers' rough diamond cycle 3 sales at $580 mln
Tuesday, 4 Apr 2017 03:00am EDT 

Anglo American Plc : Announces value of rough diamond sales for De Beers' third sales cycle of 2017, amounting to $580 million .Saw continuation of good rough diamond demand in cycle 3 across product range - CEO.  Full Article

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

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