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United States

Anglo American PLC (AGLJ.J)

AGLJ.J on Johannesburg Stock Exchange

21,900.00ZAc
8 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Anglo American to sell 9.7 pct interest in Exxaro Resources
Wednesday, 30 Nov 2016 10:50am EST 

Anglo American Plc : Anglo american to sell 9.7 pct interest in Exxaro . Intention to sell its 9.7 pct shareholding of approximately 35 million ordinary shares in capital of Exxaro Resources Ltd . Share sale of c.52 million ordinary shares in aggregate in capital of Exxaro, which represents approximately 14.7 pct of Exxaro's issued share capital . Share sale is intended to be effected via an accelerated bookbuild placing to institutional investors . Following completion of placing, Anglo American will no longer hold a direct equity interest in Exxaro . Anglo American intends to use proceeds from placing to reduce net debt .Citigroup Global Market Limited is acting as sole bookrunner on placing.  Full Article

Anglo American completes sale of Callide mine in Australia
Monday, 31 Oct 2016 03:00am EDT 

Anglo American : Completes sale of Callide mine in Australia .Terms of transaction remain confidential..  Full Article

Anglo American cuts FY export metallurgical coal production guidance
Tuesday, 25 Oct 2016 02:00am EDT 

Anglo American Plc : Anglo american Q3 2016 production report . Q3 diamond production increased by 4 pct to 6.3 million carats compared with Q3 2015 . Platinum production expressed as metal in concentrate was broadly unchanged, increasing by 1 pct to 619,000 ounces . Full year diamond production guidance remains unchanged at 26-28 million carats, subject to trading conditions. . Q3 copper production from retained operations decreased by pct to 139,800 tonnes. . Q3 nickel production increased by 66 pct to 11,300 tonnes following successful completion of Barro Alto furnace rebuilds in 2015. . Q3 iron ore production from Kumba increased by 3 pct to 11.8 million tonnes . Full year platinum production guidance remains unchanged at between 2.3-2.4 million ounces . Q3 iron ore production from Minas-Rio increased by 53 pct to 4.5 million tonnes wet basis as operation continues to ramp-up. . Full year copper guidance for 2016 remains at 570,000 - 600,000 tonnes . Q3 export metallurgical coal production was broadly unchanged, increasing by 1 pct to 5.5 million tonnes . Q3 export thermal coal production remained flat at 8.8 million tonnes. Rise in production at Cerrejón offset by a ramp-down at Drayton . Full year production guidance for Sishen remains unchanged at c.27 million tonnes and waste volumes of between 135-150 million tonnes . Full year production guidance for iron ore Brazil remains unchanged at 15-17 million tonnes.  Full Article

China Molybdenum Co updates on acquisition of Anglo American Plc's niobium and phosphates businesses<3993.HK><603993.SS>
Monday, 19 Sep 2016 11:00am EDT 

China Molybdenum Co Ltd <603993.SS>: Update on the acquisition of Anglo American plc's niobium and phosphates businesses <3993.HK> . NDRC re-issued a "filing acceptance notification" accepting the company's filing of the transaction . Says "based on the notification, the acceptance of the filing is valid for one year" .  Full Article

China Molybdenum's unit signs syndicated loan agreement worth $900 mln to acquire Anglo American's businesses
Wednesday, 14 Sep 2016 08:00am EDT 

China Molybdenum <603993.SS><3993.HK> :Says unit signs syndicated loan agreement worth $900 million for the acquisition of Anglo American Plc's niobium and phosphates businesses.  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

Environment group takes De Beers Canada to court over mercury

An environmental group said on Tuesday it filed a lawsuit against De Beers Canada, accusing the diamond producer of failing to report toxic levels of mercury and methylmercury at its Victor diamond mine in northern Ontario.