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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 plc : Anglo American Q2 Production Report

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07/18/2013 | 03:20am EDT

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18 July 2013

Anglo American plc

Production Report for the second quarter ended 30 June 2013

Overview

·      Kumba Iron Ore production decreased marginally by 1% to 11.3 Mt as weaker production at Sishen, following the recovery from the strike in H2 2012, was offset by a strong performance at Kolomela

·      Export metallurgical coal production decreased by 9% to 4.4 Mt due to strategic production cuts executed in 2012 in anticipation of weakening market conditions, a planned longwall move at Moranbah and the recovery following adverse weather conditions

·      Export thermal coal production from South Africa decreased by 5% to 4.0 Mt. Cerrejón production decreased marginally to 3.0 Mt following the strong recovery after the strike in Q1 2013

·      Copper production(1) increased 14% to 182,900 tonnes, with 13% higher production at Los Bronces and a 25% increase at Collahuasi

·      Nickel production(2) decreased by 22% to 8,500 tonnes due to the permanent cessation of production at Loma de Níquel, partially offset by higher production at Barro Alto

·      Platinum equivalent refined production increased by 2% to 594,000 ounces despite intermittent illegal industrial action

·      Diamond production increased by 10% to 7.9 million carats due to favourable ore grades at Orapa and Jwaneng, offset by lower production from Venetia following flooding in January 2013

·      Phosphates production increased by 15% to 312,300 tonnes due to performance improvement and increased plant availability

·      Niobium production decreased by 8% to 1,100 tonnes reflecting expected declining ore grade, partially offset by operational improvements

This Production Report for the second quarter ended 30 June 2013 is unaudited.

Interim Results for the six months to 30 June 2013 will be announced on 26 July 2013, 07:00 BST.

(1)              Copper production from the Copper business unit

(2)              Nickel production from the Nickel business unit



IRON ORE AND MANGANESE

Iron Ore and Manganese

Q2

2013

Q2

2012

Q2 2013

vs.

Q2 2012

Q1

2013

Q2 2013

vs.

Q1 2013

H1

2013

H1

2012

H1 2013 vs.

H1 2012

Iron ore

000 t

11,278

11,449

(1)%

10,335

9%

21,613

21,556

-

Manganese ore

000 t

864

826

5%

803

8%

1,667

1,643

2%

Manganese alloy

000 t

73

30

141%

57

26%

130

85

53%

Iron Ore- Production from Kumba Iron Ore decreased marginally by 1% to 11.3 Mt, as weaker production at Sishen was offset by a strong performance at Kolomela. Production at Sishen mine suffered from low supply of higher grade material as the mine continued to recover from stock drawdowns during the unprotected strike in Q4 2012. Production volumes at Kolomela, which successfully ramped up in 2012, increased by 49% to 2.6 Mt, reflecting 3 months of full production during the quarter.

Export sales volumes decreased by 4% to 10.2 Mt, due to lower stockpiles and production as Sishen continues to recover from the unprotected strike in Q4 2012. Finished product stockpile levels amounted to 3.3 Mt, a decrease of 11% compared to Q2 2012.

Manganese Ore- Production increased by 5% to 0.9 Mt, a quarterly record benefitting from improved plant availability at GEMCO in Australia.

Manganese Alloy- Production increased by 141% to 73,000 tonnes due the temporary cessation of production at TEMCO in Q2 2012.

METALLURGICAL COAL

Metallurgical Coal

Q2

2013

Q2

2012

Q2 2013

vs.

Q2 2012

Q1

2013

Q2 2013

vs.

Q1 2013

H1

2013

H1

2012

H1 2013 vs.

H1 2012

Metallurgical - Export

000 t

4,396

4,846

(9)%

4,615

(5)%

9,010

8,589

5%

Thermal - Export

000 t

1,513

1,499

1%

1,494

1%

3,007

2,683

12%

Thermal - Domestic

000 t

1,725

1,787

(3)%

1,073

61%

2,798

3,174

(12)%

Metallurgical Coal- Export metallurgical coal production decreased by 9% to 4.4 Mt due to strategic production cuts executed in 2012 in anticipation of weakening market conditions, a planned longwall move at Moranbah and recovery at Dawson following adverse weather conditions in Q1 2013. This was partially offset by improved longwall cutting hours at Moranbah.  

The strategic production focus and Moranbah's improvement had a favourable impact on the product mix, with hard coking coal (HCC) to pulverised coal injection (PCI) increasing by 8% in H1 2013 compared to H1 2012.  

Aquila, a bord and pillar operation producing around 0.5 Mtpa of hard coking coal, will be placed under care and maintenance from 30 July 2013, as a result of weaker prices.

Export thermal coal production was in line at 1.5 Mt.



THERMAL COAL

Thermal Coal

Q2

2013

Q2

2012

Q2 2013

vs.

Q2 2012

Q1

2013

Q2 2013

vs.

Q1 2013

H1

2013

H1

2012

H1 2013 vs.

H1 2012

South Africa










Thermal - Export

000 t

4,015

4,224

(5)%

3,909

3%

7,924

7,918

-

Thermal - Domestic (Eskom)

000 t

8,767

8,326

5%

8,130

8%

16,896

16,089

5%

Thermal - Domestic (Non-Eskom)

000 t

1,574

1,577

1%

1,519

4%

3,093

3,094

-

Colombia










Thermal - Export

000 t

3,014

3,105

(3)%

1,512

99%

4,526

6,058

(25)%

Thermal Coal- Export thermal coal production in South Africa decreased by 5% to 4.0 Mt primarily due to mining through poorer than planned geology at Goedehoop.

Domestic thermal coal production for Eskom increased by 5% to 8.8 Mt, owing to improved machine availability and higher longwall production at New Denmark.

Cerrejón recovered strongly following the strike in Q1 2013, with production only marginally lower than Q2 2012's record production.

COPPER

Copper

Q2

2013

Q2

2012

Q2 2013

vs.

Q2 2012

Q1

2013

Q2 2013

vs.

Q1 2013

H1

2013

H1

2012

H1 2013 vs.

H1 2012

Copper

t

182,900

161,100

14%

170,400

7%

353,300

329,500

7%

Copper- Production increased by 14% to 182,900 tonnes in line with expectations, due to higher production across all businesses except Mantoverde. Production guidance for 2013 is maintained at 680,000 tonnes, against a backdrop of continued caution around the operating performance recovery and stability, particularly at Collahuasi.

Production from Los Bronces increased by 13% to 101,700 tonnes with a strong performance at the new Confluencia plant. Los Bronces' mine development is progressing, with mine congestion and continuity of ore feed to the two processing plants continuing to improve.  The increased mill throughput, however, was partially offset by lower ore grades.

Production from Collahuasi increased by 25% to 37,700 tonnes due to a return to higher ore grades and recoveries despite a planned 49 day shutdown of SAG Mill 3 for a stator motor replacement and repowering which was successfully completed in May 2013. Following re-commissioning of the mill, Collahuasi's mill throughput has improved in line with expectations. 

Production at El Soldado increased by 9% to 13,900 tonnes as a result of higher grades.  Mantos Blancos production increased 14% to 15,200 tonnes due to increased cathode production from dump leaching.

A negative provisional pricing adjustment of $189 million was recorded in H1 2013 compared to a positive price adjustment of $20 million in H1 2012, resulting in a realised price of 318 c/lb for H1 2013 versus 370 c/lb for H1 2012.



NICKEL

Nickel

Q2

2013

Q2

2012

Q2 2013

vs.

Q2 2012

Q1

2013

Q2 2013

vs.

Q1 2013

H1

2013

H1

2012

H1 2013 vs.

H1 2012

Nickel

t

8,500

10,900

(22)%

6,200

37%

14,700

22,900

(36)%

Nickel- Production decreased by 22% to 8,500 tonnes, driven by the permanent cessation of production at Loma de Níquel in Venezuela in November 2012. Loma de Níquel produced 3,000 tonnes in Q2 2012. This was partially offset by higher production at Barro Alto, which increased by 13% to 6,100 tonnes. Production at Barro Alto continues to ramp-up, but was affected by a number of stoppages during the quarter. It is expected that Barro Alto will produce approximately 20,000 - 25,000 tonnes in 2013.

PLATINUM

Platinum


Q2

2013

Q2

2012

Q2 2013

vs.

Q2 2012

Q1

2013

Q2 2013

vs.

Q1 2013

H1

2013

H1

2012

H1 2013 vs.

H1 2012

Refined










Platinum

000 oz

582

623

(7)%

439

32%

1,021

1,026

-

Palladium

000 oz

320

356

(10)%

264

21%

583

591

(1)%

Rhodium

000 oz

70

75

(7)%

57

24%

126

129

(2)%

Copper(1) - Refined

t

1,900

3,300

(42)%

2,000

(5)%

3,900

6,200

(37)%

Copper(1) - Matte

t

4,100

-

-

-

-

4,100

-

-

Nickel(1) - Refined

t

3,400

5,400

(37)%

3,300

3%

6,700

10,100

(34)%

Nickel(1) - Matte

t

5,400

-

-

-

-

5,400

-

-

Gold

000 oz

16

24

(32)%

23

(30)%

40

48

(18)%

Equivalent










Platinum

000 oz

594

584

2%

583

2%

1,177

1,177

-

(1)       Nickel and copper refined through third parties is now shown as production of nickel matte and copper matte. Nickel and copper matte, per the table, reflects matte sold to a third party in Q2 2013 from 2012 and 2013 production stockpile. Nickel matte production in 2012: 3.2 Kt; H1 2013: 2.2 Kt. Copper matte production 2012: 2.4 Kt; H1 2013: 1.7 Kt

Platinum - Equivalent refined platinum production increased by 2% to 594 koz, with own operations contributing 397 koz. Underground mining performance was impacted by illegal industrial actions, a national bus driver strike which impacted employees' ability to commute to work and labour shortages. This was exacerbated by the lack of flexibility, in the current labour environment, to redeploy employees to operations where there is a skills shortage. Equivalent refined platinum production from joint ventures and associates, inclusive of both mined and purchased production, increased by 2% to 182 koz. Equivalent refined platinum production in the Q2 2012 included 11 koz from non-managed Marikana joint venture which was placed on care and maintenance in June 2012.  On a comparative basis, excluding non-managed Marikana joint venture, operating mines improved production by 14 koz or 8%. Equivalent refined platinum ounces purchased from third parties increased from 15 koz to 16 koz.   

Refined platinum production decreased by 7% to 582 koz due to three separate production incidents at the converting plant in April 2013 which resulted in lower output into the refinery. The incidents were resolved and the converting plant operated at a steady state level by the end of the quarter.

Palladium, Rhodium and Nickel- Refined production of palladium and rhodium decreased by 10% and 7% respectively. Palladium and rhodium variances are a result of a different source mix from operations and different pipeline processing times for each metal. Nickel production continued to be affected by technical challenges in the new nickel tank house, however, production improved in the quarter as the company sold nickel matte to a third party. Anglo American Platinum sold 5,400 tonnes of nickel matte and 4,100 tonnes of copper matte to a third party during Q2 2013. 

DIAMONDS

Diamonds

Q2

2013

Q2

2012

Q2 2013

vs.

Q2 2012

Q1

2013

Q2 2013

vs.

Q1 2013

H1

2013

H1

2012

H1 2013 vs.

H1 2012

Diamonds

000 carats

7,931

7,241

10%

6,364

25%

14,295

13,449

6%

Diamonds- Production increased by 10% to 7.9 million carats, largely reflecting improved grades at Orapa and Jwaneng, offset by lower recoveries at Venetia following flooding in January 2013. Production at Venetia decreased by 60%, with shortfalls mitigated through the processing of ore stockpiles. Restoration of full operations is expected during H2 2013.

Production at Jwaneng in Botswana continues to recover from the impact of the slope failure incident in June 2012, which is expected to be fully resolved during Q3 2013.

OTHER MINING AND INDUSTRIAL

Other Mining and Industrial

Q2

2013

Q2

2012

Q2 2013

vs.

Q2 2012

Q1

2013

Q2 2013

vs.

Q1 2013

H1

2013

H1

2012

H1 2013 vs.

H1 2012

Phosphates

t

312,300

271,500

15%

284,400

10%

596,700

518,400

15%

Niobium

t

1,100

1,200

(8)%

1,100

-

2,200

2,300

(4)%

Phosphates- Production increased by 15% to 312,300 tonnes due to improved performance following optimised maintenance scheduling, increased plant availability and enhanced performance at the acidulation plant and granulation plants.

Niobium- Production decreased by 8% to 1,100 tonnes, with declining ore quality, as expected, partially offset by improvements to throughput and recoveries.

EXPLORATION AND EVALUATION

Exploration and Evaluation expenditure for Q2 2013 totalled $132 million, a decrease of 24%.

Exploration expenditure in Q2 2013 was $45 million, an increase of $5m, driven by the inclusion of De Beers partially offset by a reduction in central exploration expenses.  

Evaluation expenditure for the quarter was $87 million, a decrease of 35%. Evaluation expenditure is mainly focused on iron ore, metallurgical coal, copper and diamonds.

PRODUCTION SUMMARY

The figures below include the entire output of consolidated entities and the Group's attributable share of joint ventures, joint arrangements and associates where applicable, except for De Beers' joint ventures which are quoted on a 100% basis.







% Change



% Change


Q2 2013

Q1 2013

Q4 2012

Q3 2012

Q2 2012

Q2 2013

vs.

Q1 2013

Q2 2013

vs.

Q2 2012

H1

2013

H1

2012

H1 2013 vs.

H1 2012

Iron Ore & Manganese segment (tonnes)











Kumba Iron Ore











Lump

6,866,400

6,190,300

5,551,000

7,689,900

7,045,500

11%

(3)%

13,056,700

13,339,600

(2)%

Fines

4,411,400

4,144,700

3,461,500

4,807,000

4,403,700

6%

-

8,556,100

8,216,100

4%

Total Kumba production

11,277,800

10,335,000

9,012,500

12,496,900

11,449,200

9%

(1)%

21,612,800

21,555,700

-

Kumba sales volumes











RSA export iron ore

10,178,300

9,945,100

8,979,600

9,958,600

10,597,600

2%

(4)%

20,123,400

20,718,800

(3)%

RSA domestic iron ore

1,132,500

882,000

833,100

1,162,400

1,368,000

28%

(17)%

2,014,500

2,687,500

(25)%

Samancor











% Change



% Change


Q2 2013

Q1 2013

Q4 2012

Q3 2012

Q2 2012

Q2 2013

vs.

Q1 2013

Q2 2013

vs.

Q2 2012

H1

2013

H1

2012

H1 2013 vs.

H1 2012

Thermal Coal segment (tonnes)











South Africa











Thermal - Export

4,015,200

3,909,200

4,659,100

4,555,300

4,223,500

3%

(5)%

7,924,400

7,917,700

-

Thermal - Domestic (Eskom)

8,766,600

8,129,800

8,560,600

9,056,900

8,326,200

8%

5%

16,896,400

16,088,900

5%

Thermal - Domestic (Non-Eskom)

1,573,800

1,518,800

1,594,500

1,530,500

1,560,900

4%

1%

3,092,600

3,094,100

-

Metallurgical - Domestic

-

-

-

-

15,700

-

(100)%

-

74,100

(100)%

Colombia











Thermal - Export

3,014,300

1,512,000

2,661,700

2,829,400

3,104,700

99%

(3)%

4,526,300

6,057,700

(25)%

Weighted average achieved FOB prices (US$/t)











South Africa











Thermal - Export

76

83

84

87

93

(8)%

(18)%

80

99

(19)%

Thermal - Domestic

19

20

21

20

21

(5)%

(10)%

20

21

(5)%

Colombia











Thermal - Export

75

77

84

86

90

(3)%

(17)%

76

92

(17)%

Sales volumes











South Africa











Thermal - Export

4,049,100

3,914,900

4,511,000

4,400,800

3,720,100

3%

9%

7,964,000

7,917,700

1%

Thermal - Domestic

10,243,400

9,565,800

10,192,500

10,468,500

9,909,500

7%

3%

19,809,200

19,357,000

2%

Colombia











Thermal - Export

3,157,100

1,773,500

2,701,700

2,630,300

2,959,600

78%

7%

4,930,600

5,593,600

(12)%

Production by region:

South Africa











Thermal - Export

4,015,200

3,909,200

4,659,100

4,555,300

4,223,500

3%

(5)%

7,924,400

7,917,700

-

Thermal - Domestic (Eskom)

8,766,600

8,129,800

8,560,600

9,056,900

8,326,200

8%

5%

16,896,400

16,088,900

5%

Thermal - Domestic (Non-Eskom)

1,573,800

1,518,800

1,594,500

1,530,500

1,560,900

4%

1%

3,092,600

3,094,100

-

Metallurgical - Domestic

-

-

-

-

15,700

-

(100)%

-

74,100

(100)%

Total South Africa

14,355,600

13,557,800

14,814,200

15,142,700

14,126,300

6%

2%

27,913,400

27,174,800

3%

Colombia











Thermal - Export

3,014,300

1,512,000

2,661,700

2,829,400

3,104,700

99%

(3)%

4,526,300

6,057,700

(25)%









% Change



% Change


Q2 2013

Q1 2013

Q4 2012

Q3 2012

Q2 2012

Q2 2013

vs.

Q1 2013

Q2 2013

vs.

Q2 2012

H1

2013

H1

2012

H1 2013 vs.

H1 2012

Copper segment (tonnes) (5)











Collahuasi total production

85,800

66,900

73,800

62,900

68,700

28%

25%

152,700

145,400

5%

Collahuasi attributable production (6)

37,700

29,400

32,500

27,700

30,200

28%

25%

67,100

63,900

5%

Avg sulphide grade (%TCu) (7)

1.00

0.75

0.74

0.70

0.79

33%

27%

0.88

0.79

11%

Los Bronces mine (8)

101,700

98,300

95,100

87,200

89,800

3%

13%

200,000

183,000

9%

Avg sulphide grade LB (%TCu)

0.82

0.80

0.85

0.79

0.86

2%

(5)%

0.81

0.87

(7)%

Avg sulphide grade LBDP (%TCu)

0.80

0.79

0.83

0.79

0.83

1%

(4)%

0.80

0.86

(7)%

El Soldado mine (8)

13,900

15,600

15,200

12,500

12,700

(11)%

9%

29,500

26,100

13%

Avg sulphide grade (% TCu)

0.91

1.03

0.94

0.72

0.78

(12)%

17%

0.97

0.84

15%

Mantos Blancos mine

15,200

12,400

13,900

14,100

13,300

23%

14%

27,600

26,200

5%

Avg sulphide grade (% ICu) (9)

0.69

0.54

0.59

0.71

0.69

28%

-

0.61

0.63

(3)%

Mantoverde mine

14,400

14,700

16,200

15,800

15,100

(2)%

(5)%

29,100

30,300

(4)%

Avg oxide grade (% ASCu) (10)

0.58

0.61

0.63

0.65

0.68

(5)%

(15)%

0.60

0.63

(5)%

Total copper production

231,000

207,900

214,200

192,500

199,600

11%

16%

438,900

411,000

7%

Attributable copper production (11)

182,900

170,400

172,900

157,300

161,100

7%

14%

353,300

329,500

7%

Attributable sales volumes

176,700

160,300

177,900

150,200

160,200

10%

10%

337,000

315,400

7%

Nickel segment (tonnes) (12)











Barro Alto

6,100

4,100

4,900

4,700

5,400

49%

13%

10,200

12,000

(15)%

Loma de Niquel

-

-

-

1,800

3,000

-

(100)%

-

6,300

(100)%

Codemin

2,400

2,100

2,500

2,500

2,500

14%

(4)%

4,500

4,600

(2)%

Total nickel production

8,500

6,200

7,400

9,000

10,900

37%

(22)%

14,700

22,900

(36)%

Sales volumes

6,300

7,100

9,000

7,600

12,600

(11)%

(50)%

13,400

23,400

(43)%

Platinum segment











Refined production











Platinum (troy oz)

581,800

439,200

703,800

649,000

623,000

32%

(7)%

1,021,000

1,025,800

-

Palladium (troy oz)

319,700

263,600

413,300

392,100

355,500

21%

(10)%

583,300

590,500

(1)%

Rhodium (troy oz)

69,800

56,500

91,200

90,500

75,100

24%

(7)%

126,300

129,000

(2)%

Copper  refined (tonnes) (13)

1,900

2,000

2,500

2,700

3,300

(5)%

(42)%

3,900

6,200

(37)%

Copper  matte (tonnes) (13)

4,100

-

-

-

-

-

-

4,100

-

-

Nickel refined (tonnes) (13)

3,400

3,300

3,900

3,700

5,400

3%

(37)%

6,700

10,100

(34)%

Nickel matte (tonnes) (13)

5,400

-

-

-

-

-

-

5,400

-

-

Gold (troy oz)

16,300

23,300

18,600

38,500

24,100

(30)%

(32)%

39,600

48,100

(18)%

Equivalent refined











Platinum (troy oz)

594,000

583,000

416,000

626,300

583,600

2%

2%

1,177,000

1,176,800

-

4E built-up head grade (g/tonne milled

3.24

3.22

3.22

3.32

3.09

1%

5%

3.25

3.15

3%

Diamonds segment

(diamonds recovered - carats) (14)











Debswana

6,369,000

4,535,000

5,537,000

4,385,000

5,345,000

40%

19%

10,904,000

10,294,000

6%

Namdeb

423,000

429,000

470,000

419,000

460,000

(1)%

(8)%

852,000

778,000

10%

De Beers Consolidated Mines

639,000

1,002,000

1,547,000

1,247,000

964,000

(36)%

(34)%

1,641,000

1,638,000

-

De Beers Canada

500,000

398,000

497,000

324,000

472,000

26%

6%

898,000

739,000

22%

Total diamonds production

7,931,000

6,364,000

8,051,000

6,375,000

7,241,000

25%

10%

14,295,000

13,449,000

6%









% Change



% Change


Q2 2013

Q1 2013

Q4 2012

Q3 2012

Q2 2012

Q2 2013

vs.

Q1 2013

Q2 2013

vs.

Q2 2012

H1

2013

H1

2012

H1 2013 vs.

H1 2012

Other Mining and Industrial segment (tonnes) (15)











Phosphates

312,300

284,400

302,300

292,300

271,500

10%

15%

596,700

518,400

15%

Niobium

1,100

1,100

1,000

1,100

1,200

-

(8)%

2,200

2,300

(4)%

(1)              Saleable production

(2)              Production includes medium carbon ferro-manganese

(3)              Within export coking and export PCI coals there are different grades of coal with different weighted average prices compared to benchmark

(4)              Includes both hard coking coal and PCI product sales volumes

(5)              Excludes Anglo American Platinum's copper production

(6)              Anglo American share of attributable Collahuasi production is 44% of total production

(7)              TCu = total copper

(8)              Anglo American previously held 74.5% of AA Sur, as of 24 August 2012, holds 50.1%. Production is stated at 100% as Anglo American continues to consolidate AA Sur

(9)              ICu = insoluble copper (total copper less acid soluble copper)

(10)            ASCu = acid soluble copper

(11)            Difference between total copper production and attributable copper production is Anglo American's 44% interest in Collahuasi

(12)            Excludes Anglo American Platinum's nickel production

(13)            Nickel and copper refined through third parties is now shown as production of nickel matte and copper matte. Nickel and copper matte, per the table, reflects matte sold to a third party in Q2 2013 from 2012 and 2013 production stockpile. Nickel matte production in 2012: 3.2 Kt; H1 2013: 2.2 Kt. Copper matte production 2012: 2.4 Kt; H1 2013: 1.7 Kt

(14)            Production data for De Beers is disclosed on a 100% basis

(15)            Excludes Amapá, Tarmac and Scaw Metals

Note:Production figures are sometimes more precise than the rounded numbers shown in the commentary of this report. The percentage change will reflect the percentage change using the production figures shown in the Production Summary of this report.

Forward-looking statements:This contains certain forward looking statements which involve risk and uncertainty because they relate to events and depend on circumstances that occur in the future. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements.

For further information, please contact:

Media

Investors

UK

James Wyatt-Tilby

Tel: +44 (0)20 7968 8759

UK

Leng Lau

Tel: +44 (0)20 7968 8540

Emily Blyth

Tel: +44 (0)20 7968 8481

Caroline Crampton

Tel: +44 (0)20 7968 2192

South Africa

Pranill Ramchander

Tel: +27 (0)11 638 2592

Sarah McNally

Tel: +44 (0)20 7968 8747

Notes to editors:

Anglo American is one of the world's largest mining companies, is headquartered in the UK and listed on the London and Johannesburg stock exchanges. Anglo American's portfolio of mining businesses spans bulk commodities - iron ore and manganese, metallurgical coal and thermal coal; base metals - copper and nickel; and precious metals and minerals - in which it is a global leader in both platinum and diamonds. Anglo American is committed to the highest standards of safety and responsibility across all its businesses and geographies and to making a sustainable difference in the development of the communities around its operations. The company's mining operations, extensive pipeline of growth projects and exploration activities span southern Africa, South America, Australia, North America, Asia and Europe. www.angloamerican.com


This information is provided by RNS
The company news service from the London Stock Exchange
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