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Anglo American PLC (AAL.L)

AAL.L on London Stock Exchange

1,702.80GBp
16 Nov 2018
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19.20 (+1.14%)
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Latest Key Developments (Source: Significant Developments)

De Beers Group Says To Proceed With Closure Of Voorspoed Mine
Tuesday, 31 Jul 2018 07:45am EDT 

July 31 (Reuters) - De Beers Group::TO PROCEED WITH CLOSURE OF VOORSPOED MINE.DISPOSAL PROCESS UNSUCCESSFUL IN IDENTIFYING SUITABLE OPERATOR MEETING CRITERIA AND SO CLOSURE PROCESS WILL NOW BE INITIATED.UNIT CONFIRMS IN PRINCIPLE NOT OPPOSED TO DEPT. OF MINERAL RESOURCES REQUEST TO IDENTIFY PROPOSED OPERATOR WITHIN 30-DAYS COMMENCING AUG. 1.  Full Article

Anglo American HY Underlying Earnings Of $1.56 Bln vs $1.54 Bln Mln Year Ago
Thursday, 26 Jul 2018 02:00am EDT 

July 26 (Reuters) - Anglo American PLC ::HY UNDERLYING EARNINGS OF $1,565 MILLION VERSUS $1,536 MILLION YEAR AGO.REDUCED NET DEBT* TO $4 BILLION IN HY.MINAS-RIO PIPELINE INSPECTION ON TRACK.INCREASED INTERIM DIVIDEND OF $0.49 PER SHARE - 40% OF FIRST HALF UNDERLYING EARNINGS.HY GENERATED UNDERLYING EBITDA* OF $4.6 BILLION.HY PROFIT ATTRIBUTABLE TO EQUITY SHAREHOLDERS OF $1.3 BILLION.IN LINE WITH PREVIOUS GUIDANCE, CAPITAL EXPENDITURE FOR FY 2018 IS EXPECTED TO BE BETWEEN $2.6 AND $2.8 BILLION (2017: $2.2 BILLION).HY UNDERLYING EBITDA MARGIN IN LINE WITH PRIOR PERIOD AT 30%.HY AVERAGE MARKET PRICES FOR GROUP'S BASKET OF COMMODITIES AND PRODUCTS INCREASED BY 8%.HY GROUP UNDERLYING EBITDA REDUCED BY $0.3 BILLION IN MINAS-RIO.HY PRODUCTION DECREASED TO 3.2 MT (H1 2017: 8.7 MT) IN MINAS-RIO.  Full Article

Anglo American Approves Quellaveco Copper Project For Development
Thursday, 26 Jul 2018 02:00am EDT 

July 26 (Reuters) - Anglo American PLC ::ANGLO AMERICAN APPROVES QUELLAVECO COPPER PROJECT FOR DEVELOPMENT.BOARD HAS APPROVED DEVELOPMENT OF WORLD-CLASS QUELLAVECO COPPER PROJECT IN PERU..EXPECT QUELLAVECO TO GENERATE REAL, POST TAX IRR OF GREATER THAN 15%, WITH FOUR-YEAR PAYBACK AND AN EBITDA MARGIN OF MORE THAN 50%.QUELLAVECO DEVELOPMENT HAS EXPECTED CAPITAL COST OF $5.0 TO 5.3 BILLION, BE FUNDED ON ATTRIBUTABLE BASIS: 60% BY CO, 40% BY MITSUBISHI.QUELLAVECO FIRST PRODUCTION OF COPPER IS EXPECTED IN 2022, RAMPING UP TO FULL PRODUCTION IN 2023.DURING FIRST 10 YRS OF FULL PRODUCTION QUELLAVECO IS EXPECTED TO PRODUCE APPROXIMATELY 300,000 T/YEAR AT CASH COST OF $1.05 PER POUND OF COPPER.  Full Article

Anglo American Says Q2 Total Production On Copper Equivalent Basis Up 6 Pct
Thursday, 19 Jul 2018 02:00am EDT 

July 19 (Reuters) - Anglo American PLC ::REPORTS A 6% INCREASE IN TOTAL PRODUCTION ON A COPPER EQUIVALENT BASIS IN Q2 OF 2018, COMPARED TO SAME PERIOD OF 2017, EXCLUDING MINAS-RIO STOPPAGE.SAYS QTRLY DE BEERS PRODUCTION INCREASED BY 3% TO 9.0 MILLION CARATS.Q2 COPPER PRODUCTION OF 158,000 TONNES VERSUS 141,000 TONNES YEAR AGO.Q2 PLATINUM PRODUCTION OF 620 KOZ VERSUS 617 KOZ YEAR AGO.SAYS DE BEERS FULL YEAR PRODUCTION GUIDANCE REMAINS UNCHANGED AT 34-36 MILLION CARATS, SUBJECT TO TRADING CONDITIONS.COPPER FULL YEAR PRODUCTION GUIDANCE REMAINS UNCHANGED AT 630,000 - 660,000 TONNES.  Full Article

Anglo American Platinum Sees HY HEPS To Be At Least 20 Pct Higher Than Prior Year
Friday, 29 Jun 2018 03:00am EDT 

June 29 (Reuters) - Anglo American PLC ::HY HEPS WILL BE AT LEAST 20% (R150 MILLION OR 57 CENTS PER SHARE) HIGHER THAN THAT REPORTED FOR LAST YEAR.THERE IS CURRENTLY INSUFFICIENT CERTAINTY TO ENABLE COMPANY TO PROVIDE SPECIFIC GUIDANCE ON ITS EXPECTED HY RESULTS.  Full Article

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

Chile copper output hits 4.25 mln tonnes thru September, up 7.3 y/y - Cochilco

SANTIAGO, Nov 8 Chile's copper production from January to September this year jumped 7.3 percent from a year earlier, boosted by a sharp increase in production at BHP's Escondida copper mine.