Anglo American subsidiary Anglo Platinum restarts operations at ACP
Anglo American Platinum is one of the world's largest platinum companies
Company
Anglo American PLC
LON:AAL
Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. The company's portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning it to deliver into structurally attractive major demand growth trends.
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Focus on services sector as Tuesday's company diary very quiet
UK and US services sector purchasing managers’ index surveys are likely to come in around all-time lows
Pensana progresses Longonjo NdPr Project in Angola towards PFS in September
The company has identified a path to early development that aims to position Longonjo as an important supplier of NdPr raw materials to meet demand from the electrification of vehicles.
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Sirius Minerals owner Anglo American keeps Woodsmith mine work going
“Strict social distancing measures are allowing essential work to progress” at the Yorkshire mining project
Anglo American slashes production guidance due to coronavirus
The miner will pay the final dividend for 2019 as planned on 7 May, subject to shareholder approval
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Sirius Minerals buyer Anglo American no longer ‘top pick’ as RBC warns takeover, coronavirus will dent cashflow
The bank also warned that an explosion at the company’s PGM converter in South Africa last week will hit cashflow “significantly” in 2020
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Today's Market View - Anglo American, Aura Energy, Condor Gold and more...
Anglo American (LON:AAL) – De Beers diamond sales hit by fallout of corona-virus Aura Energy* (LON:AURA) – Clarification of moves to restructure the board Condor Gold* (LON:CNR) – High grade pit scenario for La India Edenville Energy (LON:E
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Sirius Minerals is “quality” investment, repeats Anglo American
Next week Sirius shareholders are scheduled to vote on the £400mln deal
Anglo American upgraded to ‘neutral’ by UBS but scepticism over Sirius Minerals takeover remains
Investors are expected to question the rationale of the potential £400mln deal announced last month due to capital expenditure and commodity prices
Sirius Minerals buyer Anglo American reassures on mining production growth
“We have delivered our full year production targets across the business,” said chief executive Mark Cutifani
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Today's Market View - Sirius Minerals, Chaarat Gold, Anglo American and more...
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Proactive news snapshot: Sirius Minerals, Anglo African Oil & Gas, MaxCyte, Rockfire Resources …
A glance at some of the day's highlights from the Proactive Investors newswire
Anglo American confirms formal recommended Sirius Minerals takeover offer
Anglo's 5.5p offer has been recommended by the Sirius Minerals board, and, the takeover offer will now go to a shareholder vote.
Anglo American and Glencore tipped by Deutsche as metals demand rebounds
Deutsche Bank analysts view copper as the “best positioned metal”, while aluminium and zinc prices are expected to remain rangebound, and iron ore prices “should remain supported” in the first half
Anglo American unlikely to be rewarded for “experimental” move for Sirius Minerals - UBS
“Sirius has spent US$1.1bn on the project so far & estimates an additional US$3.1bn is needed to complete the project.”
White Knight or cynical opportunist? ... City reacts as Anglo American makes £386mln swoop for Sirius Minerals
The rise and demise of Sirius Minerals has been one of the UK market's top stories in recent years, news that mining major Anglo American is looking to buy-out the former small-cap has naturally ruffled feathers.
Anglo American can make a success of Sirius Minerals’ Yorkshire mine project – City analyst
Sirius Minerals says it could recommend a takeover offer from Anglo American if it is pitched at the indicated price of 5.5p.
Anglo American lands next phase licence for Minas-Rio tailings
The company has raised the dam at the tailing facility, as required.
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Today's Market View - Rainbow Rare Earths, Vast Resources, Centamin and more...
Anglo American (LON:AAL) – De Beers diamond sales Centamin (LON:CEY) – Limited progress on the Endeavour Mining offer Cora Gold* (LON:CORA) – Sanankoro Scoping Study update Europa Metals Limited (LON:EUZ) – Metallurgical results from Toral
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Today's Market View - Anglo American, Arc Minerals, SolGold and more...
Anglo American (LON:AAL) – De Beers diamond sales Arc Minerals* (LON:ARCM) – Arc sells Casa Mining to focus on Cheyeza copper discovery Aura Energy Limited* (LON:AURA) – Cost reduction programme
Anglo American “well positioned” says Goldman, but analysts downgrade to ‘neutral’ on valuation grounds
The US bank said the blue-chip miner’s current share price level, which has risen around 26% after hitting a six-month low in August, better reflected their forecast returns profile
Anglo American's copper production dries up in severe drought
Elsewhere the miner ramped up production by 4%, especially of its main product iron ore
Anglo American at last finds favour with analysts after years in the wilderness
The mining market is famously cyclical, and the wheel has now turned in Anglo's favour
London’s mining stocks rise as Deutsche Bank says sell-off is overdone
Investors have been pulling money out of mining stocks amid fears that Chinese demand is about to slump again like it did in 2015, but Deutsche reckons that’s unlikely to happen
De Beers’ latest sales figures bring scant comfort to the diamond mining industry
Some companies, like Mountain Province and Lucara can generate significant cash at these prices, but it's not easy
Investments and investor services
Karelian Diamond slumps after board room overthrow fails
A look at the day's major movers, starting with Range Resources, Motif Bio, Safestyle UK, Shield Therapeutics, Anglo American and Shearwater
Anglo American splashes the cash as iron ore rally boosts interims
Anglo underlined its confidence by increasing the interim dividend by 27% on top of the buy-back.
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FTSE 100 closes in red Thursday as ECB update underwhelms
There were mixed messages in Mario Draghi's update on Thursday
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Day ahead preview: Unilever, National Express, Diageo, ECB
With a slew of corporate earnings and the European Central Bank's policy decision, Thursday will be a busy day of news
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ITV investors hope for Love Island boost amid tough ad market
The week ahead includes updates from ITV, Unilever, Rightmove, Diageo, Marston's, IG Group, National Express, GSK and AstraZeneca
Investments and investor services
FTSE 100 joins other global markets to head lower as trade fears linger
The UK's blue-chip benchmark index closed out around 42 points lower at 7,493
Anglo American "broadly on track" to meet full-year production targets
The second quarter was a bit of a mixed bag, with a sharp decline in diamond and coal production, although the ramp-up in production at Minas-Rio was ahead of schedule
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Easyjet profit warning and Royal Mail's turnaround update eyed
Along with easyJet, there are also company updates due from Royal Mail and Anglo American, plus UK retail sales data
Investments and investor services
FTSE 100 closes higher on trader hopes of Chinese stimulus
The UK's premier share index finished almost 26 points higher at 7,531, while FTSE 250 gained over 32 points at 19,584
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easyJet tipped to warn on profits amid challenging short-haul airlines market
It looks set to be a busy week of corporate announcements and UK economic data
Ferrexpo downgraded by Deutsche Bank after strong rise in shares
Deutsche Bank cut its rating on Ferrexpo to 'hold' from 'buy' but raised its target price to 325p from 310p.
Investments and investor services
FTSE 100 closes in red on day but higher over the week as US jobs rebound in June
The UK's premier share index closed down around 51 points at 7,552 on the day, but over the week as a whole the index added around 1.7%.
Investments and investor services
FTSE 100 closes higher as global markets buoyed by Fed's hint on rates
Carnival and Evra were the two big fallers among Footsie constituents
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FTSE 100 closes firmly higher; Ashtead Group top dog
Britain's blue-chip benchmark closed up nearly 86 points at 7,443, while the FTSE 250 added over 154 points at 19,311
Investments and investor services
FTSE 100 closes down after latest Trump trade war stunt
The Dow Jones suffered a 300 point fall in the first half hour of trading
Meteoric Resources completes acquisition of highly prospective gold projects in Brazil
The projects are in the highly prospective Alta Floresta Belt, which is host to major miners including Anglo American and Vale.
Salazar Resources shows it’s possible to make exploration a value proposition, even in these tough equity markets
Salazar's exploration efforts are supported by a consistent income stream
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FTSE 100 closes below its opening benchmark as trade war concerns cloud market sentiment
The UK blue-chip index ended 7.78 points lower at 7,265.98, just off the day's worst level of 7,263.80 after a topsy-turvey session which saw it hit a session high of 7,314.85 early on
Envirosuite’s revenues rise as major mining JV operation Cerrejon becomes largest mining client by ARR
Cerrejon is a joint venture owned by BHP Billition (ASX:BHP), Glencore (LSE:GEN) and Anglo American (LSE:AAL) and is the tenth biggest coal mine in the world.
Anglo American production slips in first quarter, but still 'on track'
Production issues at De Beers’ Venetia mine, the Kumba iron ore mine and in platinum group metals were “isolated”
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FTSE 100 ends lower as US stocks retreat after mixed tech earnings
The FTSE 100 index closed 37.62 points, or 0.5% lower at 7,434.13, albeit above the session low of 7,405.99 as US stocks continued to post big falls on Thursday
Analysts recommend Anglo American tactical shorts ahead of heavy weather
The FTSE 100-listed firm's shares are the most expensive of the diversified miners, JPMorgan Cazenove reckons
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Barclays set to kick off Q1 reporting season for UK banks
Aside from Barclays numbers, the Day Ahead will also bring updates from the likes of Taylor Wimpey and RELX, plus the final CMA decision on the planned Sainsbury's/Asda merger
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FTSE 100 closes in the red as resource stocks come off the boil
After hitting a six-month high on Tuesday afternoon, London's blue-chips took a step back on Wednesday
Analysts remain cautious on the outlook for iron ore, in spite of ongoing positive supply-demand dynamics
The iron ore price remains high, following Vale's tailings dam disaster
Meteoric Resources receives applications for $1.76 million in heavily oversubscribed SPP
The company recently acquired 24 tenements in the state of Matto Grosso in Central Brazil, comprising the Juruena and Novo Astro gold projects.
Investments and investor services
FTSE 100 ends in positive territory, taking the cue from the Dow and data from China
"Equities have been relentlessly positive all day, with the session having started off on the front foot thanks to Chinese credit growth, which rose 10.7% over the year to hit a sum equivalent to 9% of the country’s GDP," said Chris Beaucha
De Beers reports continuation of stable demand for rough diamonds
The diamond market has been tough in recent years but may now be improving
Argosy Minerals looks to commercial vision for Rincon project in Lithium Triangle
The company’s lithium hydroxide exceeded battery-grade standard in lab tests and may provide a complementary production strategy.
Deutsche Bank ups Anglo American to ‘buy’, says miner the “cheapest global major with strong growth prospects”
Deutsche Bank’s analysts estimate a 12-month total return of around 25% from the stock, while over the medium term, based on a 2022 exit rate, they see a blue-sky scenario of 3,000p
Investments and investor services
FTSE 100 closes in positive territory as MPs vote down May's deal again
Footsie closed at 7,279, up nearly 45 points on the day
Meteoric Resources to acquire high-grade gold projects in Brazil
The Alta Floresta Belt is one of the most prospective gold exploration destinations in Brazil.
Iron ore market tightness set to remain as Vale’s woes in Brazil continue
Other iron ore miners likely to benefit from increased price
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FTSE 100 closes firmly in red as traders flee risk ahead of Fed statement
The UK blue-chip index finished down nearly 33 points lower at 7,291
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FTSE 100 closes higher as no deal Brexit fears ease
Footsie closed around 26 points higher at 7,185, while FTSE 250 added around 103 points at 19,283
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Thursday's Brexit fallout likely to overshadow Capita and Savills results
Brexit and the latest vote will likely be the main talking point, but there will be financial results too!
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Shifting supermarket landscape the focus with first-half results from Morrison's
Aside from Morrison's, the Week Ahead will also bring updates from housebuilder Berkeley Group, insurer Prudential and fund manager Standard Life Aberdeen
De Beers revenues plunge on weaker market for smaller stones
Other diamond miners like Petra and Gem may also suffer
FTSE 100 closes higher on trade talk optimism; miners big winners
President Trump is due to sit down for talks with Chinese Vice Premier Liu He at around 7.30pm UK time
Anglo American boss focuses on employee safety as miner reports solid 2018 results
Five of the miner's employees lost their lives in South Africa in 2018, two in each of the group’s Platinum Group Metals and Coal businesses and one in its Diamonds business
FTSE 100 closes in the red as US stocks take a hit; Centrica tanks
Risers on the Footsie were outnumbered 3 to 1 by fallers
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Barclays to round off trio of UK banking results on Thursday
Barclays will be a highlight in Thursday's schedule.
Investments and investor services
FTSE 100 closes in red amid lower volumes but Reckitt Benckiser jumps
Footsie closed down around 17 points at 7,219 but FTSE 250 added over 140 at 19,127
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Banking results to flow faster, with Barclays, Lloyds, and HSBC all set to report 2018 numbers
Aside from the banking results, the week ahead will bring updates from other blue-chips firms such as BAE Systems, Anglo American, Pearson, and Reckitt Benckiser
Anglo American cut to ‘sell’ from ‘neutral’ by UBS on valuation grounds, target price unchanged at 1,800p
Analysts at the Swiss bank pointed out that the FTSE 100-listed shares are up 14% in the year-to-date supported by higher commodity prices, and the restart of mining at Minas Rio in Brazil
Redburn cuts ratings for three UK miners on valuation grounds, highlights “serious flaw” in recent sector optimism
The influential City broker cut its stance on blue-chip players Anglo American PLC and BHP PLC both to ‘sell’ from ‘neutral' with 23% and 18% downsides to raised valuations
BHP Billiton under the cosh after JP Morgan downgrades stock to 'underweight'
JP Morgan downgraded BHP Billiton to ‘underweight’ from ‘equal weight’
Investments and investor services
FTSE 100 closes a shade higher as Wall Street chugs upward
The UK's premier share index added nearly 14 points to close at 7,034
LATE MOVERS: Walmart is Dow's worst performer after unveiling bonuses for good attendance
Investors didn't applaud the retailer's move to give bonuses to employees who come to work routinely
Deutsche Bank upgrades Ferrexpo, raises targets for other miners on higher iron ore prices on near-term supply risks
Following the Feijao dam disaster, Vale announced plans to decommission 10 of their upstream tailings dams, impacting 40mln tonnes per annum of production capacity over a three-year period
Anglo American's De Beers reports 25% drop in rough diamond sales
Rough diamond sales were lower due to the slower movement of lower-value diamonds in the pipeline
Investments and investor services
FTSE 100 closes lower as trade worries dent global equities; Ocado top Footsie gainer
A deceptively dull start by the Footsie gradually turned into something a bit more dramatic
Investments and investor services
FTSE 10O closes in red after ECB meet; Vodafone top laggard
The UK's premier stock index finished down nearly 24 points at 6,818
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Mining updates continue to flow, with investors in Anglo American set for a deep dig
The Day Ahead also includes updates from blue-chip wealth manager St James's Place and new Wagamama owner The Restaurant Group, plus the latest European Central Bank policy meeting
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FTSE 100 closes in the red as global market unease continues
Britain's blue-chip index closed over 58 points lower at 6,642, while the FTSE 250 was also down
Investments and investor services
FTSE 100 nudges lower at close as China growth worries hit stocks
The UK's blue-chip index finished down nearly seven points at 6,96, while FTSE 250 was also lower
Investments and investor services
Brexit a factor in easyJet update, while US/China trade wars could be a drag for Burberry
The Week Ahead will also bring trading updates from the likes of Vodafone, Anglo American, William Hill, Dixons Carphone, and WH Smith, plus the latest UK jobs and wages data
Goldman Sachs says Anglo American remains top pick in mining, sending shares higher
Goldman Sachs maintained a 'buy' rating on Anglo American but cut its target price to 2,200p from 2,250p to reflect the impact of lower commodity price forecasts
Cardinal Resources aims for completed gold project DFS by September quarter
A PFS found that the project in Ghana could generate US$1.4 billion free cash flow before tax.
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Proactive weekly mining round-up: Anglo American, Europa Metals, Scotgold Resources ...
De Beers sales in the cycle ended December 17 represented a 22% increase on the US$442mln sold in the ninth cycle of this year
Anglo American restarts operations at Minas-Rio iron operation in Brazil after discovery of two pipeline leaks
The FTSE 100-listed miner said it expected the operation to ramp up to 1.2mln tonnes per month on a wet basis and to produce approximately 16mln-19mln tonnes of iron ore in 2019
Anglo American's De Beers sells US$540mln of diamonds
De Beers posted a 18% year-on-year rise in rough diamonds sales for in its final sales cycle of the year