|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||13.20 - 13.31|
|52 Week Range||9.72 - 14.74|
|Beta (3Y Monthly)||1.21|
|PE Ratio (TTM)||8.26|
|Forward Dividend & Yield||0.62 (4.72%)|
|1y Target Est||2.28|
(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 email@example.comTo contact the editors responsible for this story: Lynn Thomasson at firstname.lastname@example.org, Liezel HillFor 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.
(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 email@example.comTo contact the editors responsible for this story: Lynn Thomasson at firstname.lastname@example.org, Liezel Hill, Dylan GriffithsFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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.
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Anglo...
Indian billionaire Anil Agarwal, the biggest shareholder in mining company Anglo American, said on Thursday he was divesting the nearly 20% stake he has held since 2017. Agarwal began buying into Anglo American through a JP Morgan mandatory convertible bond in March 2017 and announced he was buying a second tranche in September 2017, taking his holding in the mining group to a total of 19.3%. On Thursday, Agarwal said in a statement the targeted returns had been achieved "even sooner than expected" and Anglo American's share price had nearly doubled since he began his investment.