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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Anglo American plc    AAL   GB00B1XZS820

ANGLO AMERICAN PLC

(AAL)
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Anglo American 4Q Output Rose 4% Benefiting From Minas-Rio Ramp-Up

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01/23/2020 | 02:50am EDT

By Adriano Marchese

Anglo American PLC said Thursday that copper-equivalent production rose 4% in the fourth quarter, which includes the benefits from the continued ramp-up of its iron-ore production at Minas-Rio in Brazil.

The diversified mining company said that, excluding the impact of Minas-Rio, however, group copper-equivalent production is down 1% in the period.

Minas-Rio produced 6.2 million tons of iron ore in the period, and Kumba iron ore production rose 16% to 11.8 million tons in the quarter.

Copper output dropped 13% in the period to 158,800 metric tons, compared with 183,500 tons in the prior-year period.

Looking ahead to 2020, the company said that full-year copper production remains unchanged at 620,000 tons and 670,000 tons.

Metallurgical coal production rose 11% to 6.3 million tons, the company said.

Rough diamond production from De Beers, Anglo American's majority-owned diamond producing subsidiary, fell by 15% in the quarter to 7.8 million total carats recovered, driven by lower production levels in South Africa and Botswana.

For 2020, the company retains its production guidance at 32 million carats and 34 million carats, but cautioned that this is subject to trading conditions.

Anglo American Platinum Ltd. (AMS.JO), another majority-owned subsidiary, said total platinum-group metal production--which includes platinum and palladium--was 1.2 million ounces, a 8.6% increase compared with the prior-year period.

Write to Adriano Marchese at adriano.marchese@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLATINUM LIMITED 4.92% 754.19 End-of-day quote.4.75%
ANGLO AMERICAN PLC -6.19% 1217.6 Delayed Quote.-40.27%
DOW JONES AFRICA TITANS 50 INDEX 0.05% 348.44 Delayed Quote.-34.84%
DOW JONES SOUTH AFRICA(ZAR) -0.86% 1338.12 Delayed Quote.-25.19%
EURO / BRAZILIAN REAL (EUR/BRL) 0.73% 5.7321 Delayed Quote.27.51%
KUMBA IRON ORE LIMITED -1.30% 280.06 End-of-day quote.-1.30%
PALLADIUM -2.07% 2162.52 Delayed Quote.15.09%
PLATINUM -1.45% 718.94 Delayed Quote.-25.38%
S&P AFRICA 40 INDEX 0.20% 104.86 Delayed Quote.-40.81%
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Financials (USD)
Sales 2020 26 009 M
EBIT 2020 5 653 M
Net income 2020 2 784 M
Debt 2020 6 249 M
Yield 2020 5,37%
P/E ratio 2020 7,40x
P/E ratio 2021 6,10x
EV / Sales2020 1,00x
EV / Sales2021 0,91x
Capitalization 19 679 M
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 23,98  $
Last Close Price 16,08  $
Spread / Highest target 125%
Spread / Average Target 49,1%
Spread / Lowest Target -65,3%
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Managers
NameTitle
Mark Cutifani Chief Executive Officer & Executive Director
Stuart John Chambers Chairman
Stephen Thomas Pearce Finance Director & Executive Director
Anthony Martin O'Neill Executive Director & Group Technical Director
Maria Silvia Bastos Marques Non-Executive Director
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