AAL.L - Anglo American plc

LSE - LSE Delayed Price. Currency in GBp
2,014.50
-18.50 (-0.91%)
As of 9:52AM GMT. Market open.
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Previous Close2,033.00
Open2,026.00
Bid2,014.00 x 0
Ask2,015.00 x 0
Day's Range2,003.00 - 2,033.50
52 Week Range1,529.80 - 2,294.00
Volume607,385
Avg. Volume5,516,388
Market Cap27.704B
Beta (3Y Monthly)1.21
PE Ratio (TTM)6.30
EPS (TTM)320.00
Earnings DateJul 25, 2019
Forward Dividend & Yield0.90 (4.46%)
Ex-Dividend Date2019-08-15
1y Target Est24.50
  • De Beers Diamond Buyers Return as Prices Cut Most in Years
    Bloomberg

    De Beers Diamond Buyers Return as Prices Cut Most in Years

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.De Beers sold the most diamonds since June after the biggest price cut in years, but sales still remained lower than normal for this time of year as the industry’s cutters and traders struggle to make money.De Beers sold $390 million of rough diamonds this month compared with $297 million at its previous sale, the Anglo American Plc unit said in a statement on Wednesday. Still, it’s the first time De Beers has sold less than $400 million at its November sight since at least 2016.The industry is going through something of a crisis as De Beers’s buyers grow increasingly frustrated with the cost of rough diamonds as the price of polished gems slump. That’s led to wafer-thin margins and in some cases losses from the stones bought from De Beers and Russian rival Alrosa PJSC.De Beers sells its gems through 10 sales each year in Botswana’s capital, Gaborone, and the buyers -- known as sightholders -- generally have to accept the price and the quantities offered. The sightholders are given a black and yellow box containing plastic bags filled with stones, with the number of boxes and quality of diamonds depending on what the buyer and De Beers agreed to in an annual allocation.De Beers has responded by offering more flexibility to its customers, allowing them to reject some purchases, and this month it cut prices across the board by about 5%.“The price cut was the big story of the November sight,” said David Harari, co-founder of diamond trading platform Bluedax. The price cuts boosted trade in the so-called secondary market -- where buyers sell to gem manufacturers who don’t have direct access to De Beers, he said.After the price reduction, the cheapest diamonds were profitable for the first time in a long while, Harari said.The sale “saw an improvement in sentiment from rough-diamond buyers,” De Beers Chief Executive Officer Bruce Cleaver said in the statement. “Global consumer demand for diamond jewelry at the retail level continues to be broadly stable but, with midstream trading conditions still in the process of rebalancing, we offered sightholders further flexibility during the sight to provide support.”De Beers sales so far this year are down more than $1.2 billion from the same time in 2018.(Updates with commentary in sixth paragraph.)To contact the reporter on this story: Thomas Biesheuvel in London at tbiesheuvel@bloomberg.netTo contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net, Dylan Griffiths, Stuart WallaceFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Bloomberg

    Anglo Boosts Iron Ore Output Goal Again at Giant Brazil Mine

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Anglo American Plc raised its production forecast for its Brazilian iron ore operations for the second time in less than a month.Anglo said the giant Minas-Rio project will now produce about 23 million tons of iron ore this year, compared with a forecast of 20 million to 22 million tons that the company made just last month.Minas-Rio is starting to deliver for Anglo after years of problems. The project, which cost $14 billion to buy and build, almost sank the miner after years of delays and cost overruns. It was then shuttered for most of last year after leaks on a pipeline that carried the iron ore.The project has also allowed Anglo to cash in on a jump in prices for high-quality iron ore, after a dam collapse in Brazil early this year cut millions of tons of production.Anglo also increased its production expectations for 2020 and 2021 for Minas-Rio, saying output could hit 26 million tons in two years time.Anglo provided operational updates Tuesday in a slew of presentations. The miner said the ramp up in production at its nickel and coking coal operations will be slower than originally expected.Nickel production is seen at between 42,000 tons and 44,000 tons by 2021, slightly lower than its previous goal of 45,000 tons. Coking coal will be 23 million tons to 25 million tons in 2021, lower than its previously touted target of 25 million tons to 27 million tons.To contact the reporter on this story: Thomas Biesheuvel in London at tbiesheuvel@bloomberg.netTo contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net, Liezel HillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Moody's

    Anglo American SA Finance Limited -- Moody's affirms Anglo American's Baa2 ratings with stable outlook

    Rating Action: Moody's affirms Anglo American's Baa2 ratings with stable outlook. Global Credit Research- 05 Nov 2019. London, 05 November 2019-- Moody's Investors Service has today affirmed the Baa2 long ...

  • Reuters

    UPDATE 2-Massive mining waste dams could pose deadly risks, say investors

    A global inquiry into how mining companies store billions of tonnes of waste in huge dams, launched after a collapse in Brazil killed hundreds, shows about a tenth of the structures have had stability issues, investors said on Thursday. The research was led by the Church of England (CoE) and fund managers after the collapse of a Vale dam in January unleashed an avalanche of mining waste on the Brazilian town of Brumadinho, killing an estimated 300 people. The investor review, which found at least 166 dams have had stability issues in the past, relied on companies' disclosures about their dams holding mining waste, known as tailings.

  • Did Anglo American plc (LON:AAL) Use Debt To Deliver Its ROE Of 17%?
    Simply Wall St.

    Did Anglo American plc (LON:AAL) Use Debt To Deliver Its ROE Of 17%?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • Reuters

    UPDATE 3-Chile's Codelco resumes operations after union calls for end to strike

    Chile's Codelco, the world's top copper miner, said it had resumed normal operations after its unionized workers struck a deal with government officials late Wednesday to end a day-long walk-off amid a week of raucous protests throughout Chile. The Copper Workers Federation (FTC), which includes unionized workers from each of Codelco's divisions, had joined a nation-wide strike of state workers in a show of support for protesters' demands for action to tackle inequality in Chile.

  • Bloomberg

    Anglo American Boosts Production Outlook at Giant Brazil Iron Ore Mine

    (Bloomberg) -- Anglo American Plc raised its production forecast this year for the Minas-Rio mine in Brazil, citing continued strong performance since the operation restarted late last year.Minas-Rio output is seen at 20 million to 22 million tons, compared with a previous forecast of 19 million to 21 million tons.Key InsightsMinas Rio is starting to deliver for Anglo after years of problems. The project, which cost $14 billion to buy and build, almost sank the miner after years of delays and cost overruns. It was then shuttered for most of last year after leaks on a pipeline that carried the iron ore.Anglo’s De Beers unit held its full-year production guidance at about 31 million carats despite sales falling sharply so far this year. De Beers has been struggling to sell diamonds in recent months as polishers and traders refuse to buy stones when they can’t make a profit.Anglo trimmed its expectations for copper output as a drought in Chile impacted its mines. Thermal coal output will be at the lower end of earlier range as it mined less at the Cerrejon operation that it owns with Glencore Plc and BHP Group.Production goals for metallurgical coal, its Kumba Iron Ore unit and platinum were unchanged.Read MoreKey figures hereStatement hereTo contact the reporter on this story: Thomas Biesheuvel in London at tbiesheuvel@bloomberg.netTo contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net, Liezel Hill, Dylan GriffithsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Investing.com

    Premarket London: Whitbread Warns on U.K. Outlook, Upbeat on Germany

    Investing.com -- Here's a summary of this morning's big releases on the London Stock Exchange. Please refresh for updates.

  • How Much is Anglo American plc's (LON:AAL) CEO Getting Paid?
    Simply Wall St.

    How Much is Anglo American plc's (LON:AAL) CEO Getting Paid?

    Mark Cutifani became the CEO of Anglo American plc (LON:AAL) in 2013. First, this article will compare CEO...

  • Moody's

    Prumo Particip. e Invest. S.A. - (Prumo Par) -- Moody's assigns Ba2 rating to PrumoPar's USD350 million senior secured notes; outlook stable

    Moody's Investors Service ("Moody's") has assigned a Ba2 global scale rating to Prumo Participações e Investimentos S.A. (Prumo Par)'s ("PrumoPar") USD350 million senior secured notes due in December 2037. The Ba2 rating assigned to PrumoPar's senior secured notes reflects Moody's views of the Ferroport Logístical Comercial Exportadora S.A.'s ("Ferroport" or the "Project") revenue profile, as established by the long term (25 years) take or pay contract between Ferroport and Anglo Brazil, which has no volume risk associated with iron ore production or shipment. The priority of use of the Ferroport Project is assigned to Anglo American´s Minas-Rio iron ore project through a take-or-pay contract for receiving, storing, handling, loading and shipping iron ore with Anglo Brazil until 2039.

  • Did You Miss Anglo American's (LON:AAL) Impressive 101% Share Price Gain?
    Simply Wall St.

    Did You Miss Anglo American's (LON:AAL) Impressive 101% Share Price Gain?

    Anglo American plc (LON:AAL) shareholders might be concerned after seeing the share price drop 16% in the last...

  • Is Anglo American (LON:AAL) Using Too Much Debt?
    Simply Wall St.

    Is Anglo American (LON:AAL) Using Too Much Debt?

    Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

  • Moody's

    DBCT Finance Pty Ltd. -- Moody's upgrades DBCT Finance to Baa3, outlook revised to stable

    Moody's Investors Service ("Moody's") has today upgraded the rating of DBCT Finance Pty Ltd.'s senior secured ratings to Baa3 from Ba1, and revised the outlook to stable from positive. "IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. DBCT is the financing affiliate of DBCT Management Pty Limited and DBCT Trust, which collectively have economic ownership of the Dalrymple Bay Coal Terminal through a long-term lease, comprising a 50-year initial and 49-year option period.

  • What Kind Of Shareholders Own Anglo American plc (LON:AAL)?
    Simply Wall St.

    What Kind Of Shareholders Own Anglo American plc (LON:AAL)?

    The big shareholder groups in Anglo American plc (LON:AAL) have power over the company. Institutions often own shares...

  • Reuters

    CORRECTED-Anglo American agrees to earlier community payout in Peru after protests

    Anglo American PLC will spend some $30 million on community projects near its Quellaveco copper project in Peru three years earlier than planned after protests threatened to disrupt construction last week, a company manager said on Wednesday. Protesters in the southern region of Moquegua blocked a road to the Quellaveco deposit last week to highlight concerns about the $5 billion mine's environmental impacts and to push for more jobs for local residents. Eduardo Serpa, Anglo American's sustainability manager in Peru, said the protests did not halt construction of the mine, which is now 25% built and on track to start operating in 2022.

  • Reuters

    Peru court orders indigenous governor of mining region to 6 years in prison

    A Peruvian court ordered the arrest of the indigenous governor of a mineral-rich southern region after sentencing him to six years in prison on Wednesday for leading 2011 deadly protests against a Canadian open-pit silver project. Walter Aduviri, 39, the governor of Puno and an indigenous Aymara leader, was found guilty in absentia by a criminal court of disturbing public order, the office of the judiciary said on Twitter. Agustin Luque, the deputy governor of Puno, was expected to replace him in office.

  • Should You Buy Anglo American plc (LON:AAL) For Its Upcoming Dividend In 3 Days?
    Simply Wall St.

    Should You Buy Anglo American plc (LON:AAL) For Its Upcoming Dividend In 3 Days?

    Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Anglo...

  • Thomson Reuters StreetEvents

    Edited Transcript of AAL.L earnings conference call or presentation 25-Jul-19 8:00am GMT

    Half Year 2019 Anglo American PLC Earnings Call