Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

ANGLO AMERICAN PLC

(AAL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Anglo American's Kumba Iron Suffered 1st Half Pretax Profit Fall

share with twitter share with LinkedIn share with facebook
07/28/2020 | 04:04am EDT

By Anthony O. Goriainoff

 

Anglo American PLC said on Tuesday that first half pretax profit at its Kumba Iron Ore Ltd. subsidiary fell, and that the company backed its guidance for the year.

Anglo American owns 69.7% of Kumba, according to FactSet.

The FTSE 100-listed miner said that for the six months ended June 30, Kumba's pretax profit was 15.17 billion South African rand ($923.9 million) compared with ZAR18.17 billion for the year-prior period.

Earnings before interest, taxes, depreciation and amortization fell 14% to ZAR17.4 billion, the company said.

Kumba's revenue was ZAR31.58 billion, down from ZAR34.5 billion in the first half of 2019.

The board declared a ZAR19.60 interim dividend, down from ZAR30.79 the year before.

Kumba confirmed its expectations of capital expenditure for the year in the ZAR5.6 billion to ZAR6.1 billion range, including the deferral of ZAR1.0 billion of non-critical capital expenditure to 2021.

Kumba Iron also announced that the Kapstevel South project at its Kolomela mine in South Africa was approved by its board, as well as Anglo American's board. The company said the total capital cost for the project will be around ZAR7 billion. The project entails developing a new pit, Kapstevel South, and associated infrastructure at the Kolomela mine.

"It is anticipated that the addition of the Kapstevel South pit will deliver an after-tax internal rate of return of around 25% and allow Kolomela to maintain an estimated Ebitda margin of over 35% in the long-term," the company said.

 

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

 


Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLC -1.49% 1954.8 Delayed Quote.-10.04%
DOW JONES AFRICA TITANS 50 INDEX -0.73% 479.36 Delayed Quote.-10.78%
DOW JONES SOUTH AFRICA(ZAR) 0.00% 1684.08 Delayed Quote.-6.66%
KUMBA IRON ORE LIMITED -0.93% 510.2 End-of-day quote.22.34%
PLATINUM 0.61% 880.761 Delayed Quote.-6.64%
S&P AFRICA 40 INDEX -1.42% 158.41 Delayed Quote.-6.98%
share with twitter share with LinkedIn share with facebook
All news about ANGLO AMERICAN PLC
10:01aMIND THE GAP BETWEEN SISTER METALS Z : Andy Home
RE
10/23ANGLO AMERICAN : Sued On Behalf Of Children And Women Poisoned By The World's Mo..
AQ
10/23Sibanye-Stillwater Inks Wage Agreement With Kroondal Mine Workers
DJ
10/22Materials Up On Stimulus Bets, Copper Gains -- Materials Roundup
DJ
10/22Chrome ore producers criticize S. Africa's proposed export tax
RE
10/22AA Platinum 3Q Production Fell 2%; Cuts 2020 Refined Production View
DJ
10/22Anglo American 3Q Production Rose 24% on Quarter; Cuts 2020 Thermal Coal Guid..
DJ
10/22ANGLO AMERICAN : Q3 2020 Production Report
PU
10/22GLENCORE SEES LOGIC IN KEEPING COAL, : Russell
RE
10/21ANGLO AMERICAN : Sued on Behalf of Children and Women Poisoned by the World's Bi..
AQ
More news
Financials (USD)
Sales 2020 27 563 M - -
Net income 2020 2 507 M - -
Net Debt 2020 6 105 M - -
P/E ratio 2020 12,3x
Yield 2020 3,42%
Capitalization 31 934 M 31 950 M -
EV / Sales 2020 1,38x
EV / Sales 2021 1,23x
Nbr of Employees 60 000
Free-Float 40,7%
Chart ANGLO AMERICAN PLC
Duration : Period :
Anglo American plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ANGLO AMERICAN PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 30,19 $
Last Close Price 25,88 $
Spread / Highest target 38,9%
Spread / Average Target 16,7%
Spread / Lowest Target -9,37%
EPS Revisions
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
Anne L. Stevens Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ANGLO AMERICAN PLC-8.68%31 950
BHP GROUP-8.20%119 748
RIO TINTO PLC1.67%99 541
GRUPO MÉXICO, S.A.B. DE C.V.21.40%23 460
TURQUOISE HILL RESOURCES LTD.8.42%15 767
FRESNILLO PLC90.33%11 715