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    AAL   GB00B1XZS820

ANGLO AMERICAN PLC

(AAL)
  Report
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 to Change Design of UK Fertilizer Project

12/10/2021 | 02:44am EDT

By Jaime Llinares Taboada

Anglo American PLC said Friday that a review of its Woodsmith polyhalite fertilizer project in England confirmed that its design would benefit from modifications.

The mining company has now appointed Tom McCulley to lead the project, and said that those proposed changes would bring Woodsmith up to Anglo American's safety and operating integrity standards, and would also help optimize the value of the project for the long term.

Anglo American said these changes will result in a different and enhanced configuration, and therefore a different construction and production ramp-up schedule.

The company expects to have completed a design engineering, capital budget and schedule at the end of 2022.

"In the meantime, construction of the major critical path elements of the project, principally the two main shafts and the mineral transport tunnel, is progressing, with approximately $0.7 billion of capital expected to be invested in 2022," Chief Executive Mark Cutifani said.

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

(END) Dow Jones Newswires

12-10-21 0244ET

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%
PLATINUM 0.95% 956 Delayed Quote.-2.12%
All news about ANGLO AMERICAN PLC
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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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