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    AAL   GB00B1XZS820

ANGLO AMERICAN PLC

(AAL)
  Report
Delayed London Stock Exchange  -  11:35:10 2023-01-26 am EST
3595.00 GBX   -0.04%
06:38aAnglo American says new dual-fuelled ship loads first iron ore cargo
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03:35aAnglo American Adds First LNG Dual-Fueled Vessel to Fleet
MT
01/24Anglo American plc completed the acquisition of majority stake in First Mode Holdings, Inc.
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Anglo American signs deal with Aurubis for sustainable copper offering

11/24/2022 | 03:46am EST

(Alliance News) - Anglo American PLC said on Thursday that it has signed a deal with Aurubis AG to develop a sustainable copper product venture.

The London-based mining company said that the partnership aims to provide "assurance" about the way that copper is mined, processed, transported and brought to market. This is for the purpose of meeting increasing expectations for metals that are sustainably sourced and supplied.

Together, the companies will also explore the opportunity for technology-driven traceability solutions for the entire production cycle, as well as areas of common interest in technology development, it said.

Aurubis is a Hamburg-headquartered mining company and the largest copper producer in Europe, as well as the largest copper recycler worldwide.

"Together with Aurubis, and in line with our sustainable mining plan goal to establish ethical value chains, we are engaging with industry participants to optimise the value that responsible supply can provide. The value chain starts from our portfolio of high-quality and long-life resource assets, now including our new world-class Quellaveco mine in Peru, and we are now working to establish a more comprehensive and integrated approach along the entirety of what is a fragmented mine-to-customer journey," Anglo American Chief Executive Peter Whitcutt said.

Anglo American shares were trading 0.7% higher at 3,213.00 pence in London on Thursday morning. In Johannesburg, the stock was down 0.1% at ZAR656.55.

Aurubis shares were up 0.4% at EUR73.68 on Thursday morning in Frankfurt.

By Abby Amoakuh; abbyamoakuh@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLC -0.04% 3595 Delayed Quote.11.08%
AURUBIS AG 0.17% 95.26 Delayed Quote.24.75%
MSCI PERU (GDTR) 1.43% 6265.24 Real-time Quote.10.85%
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Analyst Recommendations on ANGLO AMERICAN PLC
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Financials (USD)
Sales 2022 36 878 M - -
Net income 2022 5 711 M - -
Net Debt 2022 7 430 M - -
P/E ratio 2022 9,51x
Yield 2022 4,31%
Capitalization 53 959 M 53 959 M -
EV / Sales 2022 1,66x
EV / Sales 2023 1,64x
Nbr of Employees 106 000
Free-Float 92,3%
Chart ANGLO AMERICAN PLC
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Technical analysis trends ANGLO AMERICAN PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 44,44 $
Average target price 41,79 $
Spread / Average Target -5,96%
EPS Revisions
Managers and Directors
Duncan Graham Wanblad Chief Executive Officer & Executive Director
Stephen Thomas Pearce Finance Director & Executive Director
Stuart John Chambers Chairman
Matt Daley Group Head-Mining
Ian Robert Ashby Independent Non-Executive Director
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