|Bid||2,094.00 x 0|
|Ask||2,095.50 x 0|
|Day's Range||2,085.00 - 2,123.00|
|52 Week Range||1,654.80 - 2,294.00|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||6.53|
|Earnings Date||Feb 20, 2020|
|Forward Dividend & Yield||0.90 (4.35%)|
|1y Target Est||24.50|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Anglo American plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Mines across South Africa shut down on Tuesday after flash flooding triggered the most severe power blackouts in more than a decade, threatening a key export sector in a further blow to the country's already slowing economy. Heavy rains across parts of South Africa have submerged entire neighbourhoods, leading to evacuations and aggravating problems at state-owned utility Eskom, which has been struggling to keep the lights on since 2008. Harmony Gold, Impala Platinum and Sibanye-Stillwater all said they had been forced to cut production since Monday because of power shortages.
European stocks have severely lagged U.S. stocks over the past year. In that stretch, the iShares MSCI EMU Index (BATS: EZU ) is up just 6%, while the SPDR S&P 500 ETF Trust (NYSE: SPY ) is up 50.9%. Eurozone ...
(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 firstname.lastname@example.orgTo contact the editors responsible for this story: Lynn Thomasson at email@example.com, Dylan Griffiths, Stuart WallaceFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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 ...
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.
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
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.
Investing.com -- Here's a summary of this morning's big releases on the London Stock Exchange. Please refresh for updates.
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.
Anglo American plc (LON:AAL) shareholders might be concerned after seeing the share price drop 16% in the last...
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.
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.
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.