Edition:
United States

Anglo American PLC (AAL.L)

AAL.L on London Stock Exchange

1,767.20GBp
20 Apr 2018
Change (% chg)

-16.20 (-0.91%)
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1,783.40
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950.10

Latest Key Developments (Source: Significant Developments)

Anglo American Posts FY Underlying EBITDA Of $‍8.82 Billion
Thursday, 22 Feb 2018 02:17am EST 

Feb 22 (Reuters) - Anglo American Plc ::FY UNDERLYING EBITDA $‍8,823​ MILLION VERSUS $6,075 MILLION AS REPORTED YEAR-AGO.‍TOTAL DIVIDEND PAYABLE FOR 2017 OF $1.02 PER SHARE​.‍ACHIEVED COST AND VOLUME IMPROVEMENTS OF $1.1 BILLION - IN EXCESS OF TARGET IN 2017​.‍INCREASED DIVIDEND OF 54 US CENTS PER SHARE FOR SECOND HALF​.EARLY SIGNS ARE THAT GLOBAL CONSUMER DEMAND FOR DIAMOND JEWELLERY REGISTERED POSITIVE GROWTH IN 2017 IN US DOLLAR TERMS.‍TARGETING ADDITIONAL $3-4 BILLION ANNUAL UNDERLYING EBITDA RUN-RATE IMPROVEMENT BY 2022​.SUSTAINED DIAMOND JEWELLERY DEMAND GROWTH IN US WAS ONCE AGAIN MAIN CONTRIBUTOR TO THIS POSITIVE OUTCOME.2017 ‍FREE CASH FLOW INCREASED BY 93% TO $4.9 BILLION, HALVING NET DEBT TO $4.5 BILLION​.IMPROVING GLOBAL MACRO-ECONOMIC CONDITIONS REMAIN SUPPORTIVE OF CONSUMER DEMAND GROWTH FOR POLISHED DIAMONDS IN 2018.2017 ‍CAPITAL EXPENDITURE DECREASED TO $2.2 BILLION (2016: $2.4 BILLION)​.2018 DIAMOND PRODUCTION (ON A 100% BASIS EXCEPT GAHCHO KUÉ ON AN ATTRIBUTABLE 51% BASIS) IS EXPECTED TO BE IN RANGE 34-36 MILLION CARATS.‍IN 2018, EXPECT CAPITAL EXPENDITURE TO INCREASE TO BETWEEN $2.6 AND $2.8 BILLION​.PLATINUM PRODUCTION (METAL IN CONCENTRATE) FOR 2018 IS EXPECTED TO BE 2.3-2.4 MILLION OUNCES.COPPER PRODUCTION GUIDANCE FOR 2018 HAS BEEN TIGHTENED TO 630,000-660,000 TONNES‍​.PALLADIUM PRODUCTION (METAL IN CONCENTRATE) FOR 2018 IS EXPECTED TO BE 1.5-1.6 MILLION OUNCES.  Full Article

Anglo American Platinum Posts FY Headline Earnings ‍3.89 Bln Rand
Monday, 19 Feb 2018 01:16am EST 

Feb 19 (Reuters) - Anglo American Platinum Ltd ::‍UNIT COST GUIDANCE IN 2018 WILL BE BETWEEN R19,600 AND R20,200 PER PRODUCED PLATINUM OUNCE ​.FY HEADLINE EARNINGS ‍3,886​ MILLION RAND VERSUS 1,867 MILLION RAND YEAR AGO.‍NO MAJOR PROJECT CAPITAL WILL BE COMMITTED IN 2018​.AS AT DEC 31, 2017 NET DEBT ‍1.8 BILLION​ RAND.‍COMMITTED TO ALLOCATING CAPITAL TO PAYING A SUSTAINABLE DIVIDEND BASED ON A PAY-OUT RATIO OF 30% OF NORMALISED HEADLINE EARNINGS​.‍FOR 2018, PROJECT AND STAY-IN-BUSINESS CAPEX FORECAST BETWEEN R4.7 BILLION AND R5.2 BILLION.‍BOARD HAS DECLARED A FINAL CASH DIVIDEND OF R3.49 PER SHARE​.‍PGM PRODUCTION GUIDANCE (METAL-IN-CONCENTRATE) WILL BE 4.75 - 5.0 MILLION PGM OUNCES FOR 2018​.‍FY PGM PRODUCTION 5.0MOZ VERSUS 4.97 MOZ IN 2016​.REFINED PRODUCTION AND SALES VOLUMES IN 2018 WILL BE IN LINE WITH PRODUCTION, BUT LOWER THAN 2017​.  Full Article

Anglo American Platinum Sees Increase In FY HEPS
Tuesday, 6 Feb 2018 01:00am EST 

Feb 6 (Reuters) - Anglo American Platinum Ltd ::JSE: AMS - UPDATED TRADING STATEMENT FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2017.FY HEPS ARE LIKELY TO INCREASE TO BETWEEN 1,392 CENTS AND 1,526 CENTS PER SHARE​.ANGLO AMERICAN PLATINUM - ‍EXPECTED INCREASE IN FY HEPS DUE TO OPERATIONAL PERFORMANCE, STRICT COST CONTROL AND HIGHER PLATINUM GROUP METAL SALES VOLUMES​.  Full Article

Anglo American Divests New Largo Thermal Coal Project In South Africa
Monday, 29 Jan 2018 02:11am EST 

Jan 29 (Reuters) - Anglo American Plc ::ANGLO AMERICAN SALE OF NEW LARGO THERMAL COAL PROJECT IN SOUTH AFRICA.DEAL ‍CONSIDERATION PAYABLE FOR NEW LARGO IS ZAR850 MILLION​.‍TRANSACTION IS EXPECTED TO CLOSE IN SECOND HALF OF 2018​.  Full Article

De Beers Says Progressing Development of Blockchain Technology Initiative
Tuesday, 16 Jan 2018 05:02am EST 

Jan 16 (Reuters) - De Beers Group: :PROGRESSES DEVELOPMENT OF FIRST BLOCKCHAIN INITIATIVE TO SPAN THE DIAMOND VALUE CHAIN.ANTICIPATES THAT BLOCKCHAIN WILL OPERATE AS AN OPEN PLATFORM.FOLLOWING SUCCESS OF INITIAL PROOF OF CONCEPT TRIAL, A PILOT IS NOW UNDERWAY INVOLVING A SMALL NUMBER OF PARTICIPANTS.  Full Article

Anglo American Platinum Says FY HEPS Will Be At Least 20% Higher
Friday, 15 Dec 2017 01:00am EST 

Dec 15 (Reuters) - ANGLO AMERICAN PLATINUM LTD ::‍CURRENTLY INSUFFICIENT CERTAINTY TO ENABLE COMPANY TO PROVIDE SPECIFIC GUIDANCE ON ITS EXPECTED RESULTS​.FY ‍BASIC EARNINGS AND BASIC EARNINGS PER SHARE WILL ALSO BE AT LEAST 20% (R126 MILLION OR 48 CENTS​.HEADLINE EARNINGS AND HEADLINE EARNINGS PER SHARE FOR PERIOD WILL BE AT LEAST 20% HIGHER THAN REPORTED FOR FY2016​.  Full Article

SA's Competition Commission Recommends Approval of Sasol Mining's Acquisition of Mining Rights Held By Anglo American Inyosi Coal
Wednesday, 13 Dec 2017 08:10am EST 

Dec 13 (Reuters) - SA'S COMPETITION COMMISSION - :SA'S COMPETITION COMMISSION - RECOMMENDED TRANSACTION BE APPROVED, WHEREBY SASOL MINING INTENDS TO ACQUIRE MINING RIGHTS OVER CERTAIN PROPERTIES HELD BY ANGLO AMERICAN INYOSI COAL.  Full Article

Anglo American reports 6 pct rise in Q3 total production
Tuesday, 24 Oct 2017 02:00am EDT 

Oct 24 (Reuters) - Anglo American Plc ::ANGLO AMERICAN PLC - Q3 2017 DIAMOND PRODUCTION ‍9.2​ MILLION CARATS VERSUS 6.3 MILLION CARATS IN Q3 2016.ANGLO AMERICAN PLC - Q3 2017 COPPER PRODUCTION FROM RETAINED OPERATIONS ‍147,300​ TONNES VERSUS 139,800 TONNES IN Q3 2016.ANGLO AMERICAN PLC - Q3 2017 PLATINUM PRODUCTION ‍621​ KOZ VERSUS 619 KOZ IN Q3 2016.ANGLO AMERICAN PLC - Q3 2017 IRON ORE PRODUCTION FROM KUMBA ‍11.5​ MILLION TONNES VERSUS 11.8 MILLION TONNES IN Q3 2016.ANGLO AMERICAN PLC - Q3 2017 IRON ORE PRODUCTION FROM MINAS-RIO ‍4.2​ MILLION TONNES VERSUS 4.5 MILLION TONNES IN Q3 2016.ANGLO AMERICAN PLC - FOR DE BEERS ‍FULL YEAR PRODUCTION GUIDANCE HAS BEEN REVISED TO ABOUT 33 MILLION CARATS​.ANGLO AMERICAN PLC - Q3 2017 EXPORT METALLURGICAL COAL PRODUCTION ‍5.5​ MILLION TONNES VERSUS 5.1 MILLION TONNES IN Q3 2016.ANGLO AMERICAN PLC - FOR COPPER ‍FULL YEAR PRODUCTION GUIDANCE HAS BEEN TIGHTENED TO 570,000 - 580,000 TONNES​.ANGLO AMERICAN PLC - Q3 2017 EXPORT THERMAL COAL PRODUCTION ‍6.3​ MILLION TONNES VERSUS 7.4 MILLION TONNES IN Q3 2016.ANGLO AMERICAN PLC - Q3 2017 NICKEL PRODUCTION ‍11,200​ TONNES VERSUS 11,300 TONNES IN Q3 2016.ANGLO AMERICAN PLC - FOR PLATINUM ‍PRODUCTION GUIDANCE (METAL IN CONCENTRATE) HAS BEEN LOWERED TO 2.30 - 2.35 MILLION OUNCES​.ANGLO AMERICAN PLC - ‍FOR IRON ORE BRAZIL FULL YEAR PRODUCTION GUIDANCE REMAINS UNCHANGED AT 16-18 MILLION TONNES (WET BASIS).​.  Full Article

Anglo American says ‍Volcan Investments raises stake in co to 19.35 pct
Friday, 13 Oct 2017 09:00am EDT 

Oct 13 (Reuters) - Anglo American Plc :‍VOLCAN INVESTMENTS LIMITED RAISES STAKE TO 19.35 PERCENT FROM 12.08 PERCENT EARLIER - FILING ​.  Full Article

South Africa's Solidarity says Chamber of Mines makes a favourable wage offer
Tuesday, 3 Oct 2017 09:39am EDT 

Oct 3 (Reuters) - SOUTH AFRICA'S SOLIDARITY::SOUTH AFRICA'S SOLIDARITY - ON MONDAY, RECEIVED A FAVOURABLE WAGE OFFER FROM CHAMBER OF MINES.SOUTH AFRICA'S SOLIDARITY - WAGE OFFER RANGES BETWEEN 5,5 PCT AND 7.5 PCT DEPENDING ON EMPLOYEE'S JOB LEVEL WITHIN CATEGORY 4 TO 8, AND ALSO APPLIES TO MINERS, ARTISANS AND OFFICIALS.SOUTH AFRICA'S SOLIDARITY: OFFER INVOLVES A 7,5 PCT WAGE INCREASE AT ANGLO, EXXARO AND GLENCORE MINING HOUSES; A 7 PCT INCREASE AT KANGRA MINING HOUSE; AND A 5 PCT INCREASE AT BOTH DELMAS AND MSOBO.  Full Article

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After setbacks, Anglo American counting on turnaround for Minas-Rio mine

SANTIAGO Two leaks in a month, a 90-day outage and $58 million in fines is not enough to temper Anglo American's ambition for its long-delayed, multi-billion dollar Minas-Rio iron ore mine in Brazil.