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    AAL   GB00B1XZS820

ANGLO AMERICAN PLC

(AAL)
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Delayed London Stock Exchange  -  05/27 11:35:40 am EDT
3812.50 GBX   +1.48%
05/26ANGLO AMERICAN : Peter Schmitz's presentation at the Bank of America 2022 Global Metals and Mining Conference
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05/26Jubilee Metals Hires New Nonexecutive Chair
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05/25ANGLO AMERICAN : 2021 Integrated Annual Report
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Anglo American Expects Costs to Rise Again in 2022

12/10/2021 | 02:31am EDT

By Jaime Llinares Taboada

Anglo American PLC expects costs to increase further in 2022 and reaffirmed its full-year guidance for 2021.

The FTSE 100 mining company said Friday that it expects unit costs to increase by 4% next year, after rising 10% on a currency-neutral basis in 2021 due to inflation and production slowdowns.

In addition, Anglo American anticipated a production increase of 7% for 2021 on the back of strong platinum group metals performance and higher demand for rough diamonds.

As for capital expenditure, the group forecast it will increase to $6.2 billion-$6.7 billion next year from $5.2 billion in 2021, when Covid-19 delays and supply-chain disruptions slowed some projects.

"Anglo American is a resilient and agile business that is set to deliver 35% growth over the next decade at an attractive 50% margin. We are also increasing our near-term performance improvement target to $3.5 billion-$4.5 billion by 2023, as we accelerate the delivery of our P101 and technology programs, while also bringing growth projects onstream," Chief Executive Mark Cutifani added.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

12-10-21 0231ET

Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLATINUM LIMITED -0.92% 1672.58 End-of-day quote.-7.94%
ANGLO AMERICAN PLC 1.48% 3812.5 Delayed Quote.26.09%
FTSE 100 0.27% 7585.46 Delayed Quote.2.44%
PLATINUM 0.95% 956 Delayed Quote.-2.12%
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Financials (USD)
Sales 2022 41 957 M - -
Net income 2022 8 669 M - -
Net Debt 2022 3 348 M - -
P/E ratio 2022 6,85x
Yield 2022 6,27%
Capitalization 58 248 M 58 248 M -
EV / Sales 2022 1,47x
EV / Sales 2023 1,53x
Nbr of Employees 106 000
Free-Float 92,2%
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Technical analysis trends ANGLO AMERICAN PLC
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 47,97 $
Average target price 49,94 $
Spread / Average Target 4,10%
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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