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    AAL   GB00B1XZS820

ANGLO AMERICAN PLC

(AAL)
  Report
Delayed London Stock Exchange  -  11:35 2022-11-25 am EST
3204.00 GBX   -0.76%
11/24ASIACOPPERWEEK-Freeport settles six-year high copper charges for 2023 with Chinese smelters
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11/24Thungela Consolidates 100% Stake in Anglo American Inyosi Coal
MT
11/24Thungela buys remaining stake in Anglo American Inyosi Coal for shares
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Anglo American Begins Copper Operations at Peru Site; Revises Production Guidance

09/26/2022 | 02:32am EST

By Joe Hoppe


Anglo American PLC said Monday that it has started commercial copper operations at its Quellaveco project in Peru, and narrowed 2022 guidance for copper from Chile.

The mining company said it expects the site, of which it owns 60%, to produce more than 300,000 metric tons a year of copper equivalent volume on average over its first 10 years. The mine alone is expected to lift the company's total global output by 10% in copper equivalent terms and take its total copper production close to 1 million tons a year.

Quellaveco is expected to ramp up fully over the next nine to 12 months, and following a commissioning and testing period and final regulatory clearance, the company has lowered 2022 copper guidance for the site to 80,000 to 100,000 tons from 100,000 to 150,000 tons. Guidance for Quellaveco for 2023 and 2024 remain unchanged.

The company also narrowed copper guidance for Chile to 560,000-580,000 tons from previous guidance of 560,000-600,000 tons, due to lower throughput at its Los Bronces operations. Unit cost guidance has been raised to 160 cents a pound, from 150 cents, reflecting lower volumes and inflation, the company said.


Write to Joe Hoppe at joseph.hoppe@wsj.com


(END) Dow Jones Newswires

09-26-22 0232ET

Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLC -0.76% 3204 Delayed Quote.6.23%
MSCI PERU (GDTR) -0.53% 6023.7 Real-time Quote.18.59%
PLATINUM 0.00% 984.1 Delayed Quote.2.02%
All news about ANGLO AMERICAN PLC
11/24ASIACOPPERWEEK-Freeport settles six-year high copper charges for 2023 with Chinese smel..
RE
11/24Thungela Consolidates 100% Stake in Anglo American Inyosi Coal
MT
11/24Thungela buys remaining stake in Anglo American Inyosi Coal for shares
AN
11/24Thungela Resources to Take Full Ownership of Zibulo Operation, Elders Project
MT
11/24Anglo American signs deal with Aurubis for sustainable copper offering
AN
11/24Mining Groups Anglo American, Aurubis Team Up to Develop Sustainable Copper Value Chain
MT
11/24Anglo American plc Signs A Memorandum of Understanding with Aurubis AG
CI
11/23Ecograf Appoints Project Development Executive for Epanko Project in Tanzania
MT
11/23Anglo American inks desalinated water deal for copper mine in Chile
AN
11/23Anglo American secures desalinated water supply for Los Bronces copper mine in 2025
RE
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Analyst Recommendations on ANGLO AMERICAN PLC
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Financials (USD)
Sales 2022 37 257 M - -
Net income 2022 5 830 M - -
Net Debt 2022 6 697 M - -
P/E ratio 2022 8,05x
Yield 2022 5,48%
Capitalization 47 021 M 47 021 M -
EV / Sales 2022 1,44x
EV / Sales 2023 1,45x
Nbr of Employees 106 000
Free-Float 92,3%
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Technical analysis trends ANGLO AMERICAN PLC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 38,73 $
Average target price 39,90 $
Spread / Average Target 3,04%
EPS Revisions
Managers and Directors
Duncan Graham Wanblad Chief Executive Officer & Executive Director
Stephen Thomas Pearce Finance Director & Executive Director
Stuart John Chambers Chairman
Anthony Martin O'Neill Executive Director & Group Technical Director
Ian Robert Ashby Independent Non-Executive Director
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