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    AAL   GB00B1XZS820

ANGLO AMERICAN PLC

(AAL)
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Anglo American, Salzgitter Partner to Decarbonize Steelmaking

08/04/2021 | 01:30am EDT

By Jaime Llinares Taboada

Anglo American PLC said Wednesday that it is partnering with Salzgitter AG to decarbonize the steelmaking industry.

The mining company has signed a memorandum of understanding with Salzgitter Flachstahl, the largest steel manufacturer subsidiary of Salzgitter, to explore ways to reduce carbon emissions in the industry.

They intend to conduct research into feed materials, including iron ore pellets and lump iron ores, suitable for use in direct reduction steelmaking based on natural gas and hydrogen. This is a significantly less carbon-intensive method than the conventionally used blast furnace process, Anglo American said.

Anglo American has a target to achieve carbon neutrality across its operations by 2040.

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

(END) Dow Jones Newswires

08-04-21 0330ET

Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLC -3.83% 2717 Delayed Quote.16.25%
PLATINUM 2.06% 955.827 Delayed Quote.-10.96%
SALZGITTER AG -0.26% 30.22 Delayed Quote.39.54%
All news about ANGLO AMERICAN PLC
08:17aANGLO AMERICAN : Morgan Stanley Drops Anglo American To Equal-Weight, Cuts PT
MT
08:15aANGLO AMERICAN : UBS Lowers Anglo American To Sell From Neutral, Cuts PT
MT
06:29aToday on Wall Street: Beware the four witches
04:43aEuropean shares set for weekly gains as travel stocks soar
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04:25aANALYST RECOMMENDATIONS : Autoliv, Fortinet, Tesla, Virgin Galactic, WP Carey...
04:20aUK shares rise on travel, banking boost; retail sales data ease taper fears
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04:20aUK shares rise on travel, banking boost; retail sales data ease taper fears
RE
09/16EUROPE : European stocks rise as travel shares jump on Ryanair forecast
RE
09/16ANGLO AMERICAN : Deutsche Bank Lowers Anglo American PT, Maintains Rating
MT
09/14ANGLO AMERICAN : Barclays Drops Anglo American's PT, Maintains Rating
MT
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Analyst Recommendations on ANGLO AMERICAN PLC
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Financials (USD)
Sales 2021 44 278 M - -
Net income 2021 9 684 M - -
Net Debt 2021 3 249 M - -
P/E ratio 2021 5,18x
Yield 2021 10,1%
Capitalization 47 994 M 47 925 M -
EV / Sales 2021 1,16x
EV / Sales 2022 1,28x
Nbr of Employees 95 000
Free-Float 93,9%
Chart ANGLO AMERICAN PLC
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Anglo American plc Technical Analysis Chart | MarketScreener
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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 22
Last Close Price 38,88 $
Average target price 49,79 $
Spread / Average Target 28,0%
EPS Revisions
Managers and Directors
Mark Cutifani 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
Anne L. Stevens Independent Non-Executive Director
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