Anglo American plc is one of the worlds largest mining and natural resource groups. With its subsidiaries, joint ventures and associates, it is a global leader in platinum group metals, gold and diamonds, with significant interests in coal, base and ferrous metals, industrial minerals and paper and packaging. The group is geographically diverse, with operations in Africa, Europe, South and North America, Australia and Asia.

            Red = 25 day moving average.           Green = 200 day moving average.

SALES PER ACTIVITY (Data as of 31/12/2005)

Packaging and Paper: 23%
Ferrous metals:         20.5%
Industrial minerals:    14%
Platinum:                 12.5%
Nonferrous metals:    12%
Coal:                       9%
Gold:                       9%

Haitong Securities today reaffirms its neutral investment rating on Anglo American PLC (LON:AAL) and raised its price target to 1400p (from 1240p).

anyone other than me holding these?

Anil Agarwal, the Indian mining billionaire, plans to buy as much as 2 billion pounds ($2.4 billion) of Anglo American Plc shares in the market after a merger proposal failed last year.
The purchase will be funded via a mandatory exchangeable bond issued by his holding company, Volcan Investments Ltd., and secured by Anglo’s shares, the investor said in a statement on Wednesday. Agarwal, who founded Vedanta Resources Plc, doesn’t
intend to make a takeover offer for the company, it said. A representative for Anglo American declined to comment.
The full stake would equate to about 13 percent of Anglo’s stock, making Agarwal Anglo’s second-largest shareholder after South Africa’s Public Investment Corp. Anglo had rebuffed informal approaches from Agarwal last year when he contacted the London-based miner to discuss potential ideas including a combination with the
Indian zinc miner he controls through Vedanta, people familiar with the plans said at the time. They were quickly dismissed by Anglo, they said.
“It gives him an extremely good seat at the table if there is going to be any corporate activity,” said Jeremy Wrathall,head of mining research at Investec Plc. “We expect that M&A is going to be the next phase and maybe this is firing the starting gun.”
Anglo’s U.S. traded shares rose as much as 11 percent.

I don't hold but have been watching the sector closely for a while now. Do you not think that it has run it's course? Sp of most miners has doubled or trebled over the last 14 months. I'm not sure how much further they have got to run, though analysts seem to still quite like copper as an investment and the associated companies producing it.

I bought them yesterday on the lull and they've gone shooting back up. I was looking for £16 when I bought the first last last July. Maybe when it gets there take a view.

The dollar weakening might also affect any company which reports profitability in $. However, KAZ has done very well this morning.

Macquarie today reaffirms its neutral investment rating on Anglo American PLC (LON:AAL) and set its price target at 1250p.

roe of 1.225 is scarcely a weak $ ..... and 5-year chart tells it's own story ......

StockMarketWire.com
Fitch Ratings has affirmed Anglo American's long-term issuer default rating and senior unsecured rating at 'BB+' and revised the outlook on the IDR to positive from negative.

The short-term IDR has been affirmed at 'B'.

Barclays Capital today reaffirms its equal weight investment rating on Anglo American PLC (LON:AAL) and cut its price target to 1220p (from 1240p).

Citigroup today (27/03/17) reaffirms its neutral investment rating on Anglo American PLC (LON:AAL) and cut its price target to 1400p (from 1450p).

StockMarketWire.com
Anglo American has sold its Eskom-tied domestic thermal coal operations in South Africa to a wholly owned subsidiary of Seriti Resources Holdings Proprietary Ltd.

Seriti is a company majority owned by historically disadvantaged South Africans and led by a management team with extensive experience of operating and developing large coal mines in South Africa.

The Eskom-tied domestic thermal coal operations consist of the New Vaal, New Denmark and Kriel collieries, as well as four closed collieries.

Anglo American said the transaction would result in Seriti becoming the second largest provider of thermal coal to Eskom, supplying almost a quarter of Eskom's current annual coal requirements. It said the consideration payable for the operations as at 1 January 2017 was ZAR2.3 billion.

It said that under the terms of the transaction, the consideration payable would be adjusted for cash flows generated by the operations between 1 January 2017 and the date on which the transaction was completed in order to determine the final payment to be made by Seriti upon completion.

Barclays Capital today reaffirms its equal weight investment rating on Anglo American PLC (LON:AAL) and cut its price target to 1165p (from 1220p).

JP Morgan Cazenove today (02/05/17) reaffirms its overweight investment rating on Anglo American PLC (LON:AAL) and raised its price target to 1600p (from 1530p).

StockMarketWire.com
Anglo American has completed the sale of its 83.33% interest in the Dartbrook coal mine in the Hunter Valley, New South Wales, Australia, to Australian Pacific Coal Limited.

Dartbrook consists of an underground thermal coal mine and associated processing infrastructure that has been on care and maintenance since 2006.

StockMarketWire.com
Anglo American has resumed dividends after net debt was reduced to $6.2 billion, driven by $2.7 billion free cash flow.

The group generated underlying EBITDA of $4.1 billion in the six months to the end of June, a 68% increase on last time.

Underlying EBITDA margin increased by an additional five percentage points vs. FY 2016 and the group posted a rofit attributable to equity shareholders of $1.4 billion (H1 2016: $0.8 billion loss).

Other highlights:
- Delivered cost and volume improvements of $0.6 billion - on track to meet $1 billion target for full year

- Production volumes increased by 9% (Cu eq.)(2)

- Attributable free cash flow of $2.7 billion (H1 2016: $1.1 billion)

- Reduced net debt by 27% to $6.2 billion (FY 2016: $8.5 billion), ahead of $7 billion year-end target

- Resumed dividend at 48 US cents per share for the first half, equal to 40% of first half underlying earnings - Dividend policy to target pay-out of 40% of underlying earnings

Chief executive Mark Cutifani said: "The benefits of our relentless focus on driving efficiency through the operations and on upgrading the quality of our portfolio have resulted in a step-change in operational performance and profitability.

"In the first half, we have delivered a further 20% increase in productivity, a 68% increase in underlying EBITDA and $2.7 billion of attributable free cash flow - the outcome of extensive self-help work and tightly controlled capital expenditure, within a stronger price environment.

"We have nearly halved our net debt to $6.2 billion over the past year to take us well below our year-end target of $7 billion.

"Our materially improved balance sheet strength, with gearing at 19% and net debt to annualised EBITDA of 0.8x, has supported the decision to resume dividend payments six months early, establishing a pay-out policy at a targeted level of 40% of underlying earnings.

"This equates to a dividend payment of 48 US cents per share for this half year. "Looking forward, our focus will continue to be on improving operational performance and converting production and improving costs into consistent cash flow generation, while maintaining strict capital allocation discipline.

"We are now in a position to consider value accretive growth options and capital returns from within our substantial undeveloped mineral endowment."

StockMarketWire.com
Anglo American said the value of rough diamond sales for De Beers' eighth sales cycle of 2017, amounted to $370m.

De Beers chief executive Bruce Cleaver said: 'De Beers offered fewer rough diamonds for sale in cycle 8, reflecting the concurrent timing this year of the Sight sale with the closure of polishing factories in India and Israel for the observance of religious holidays.

'Sales were in line with expectations, at what is a seasonally slower time for rough diamond demand.'

StockMarketWire.com
Anglo American announced the ZAR850m sale of the New Largo thermal coal project and old New Largo closed colliery in South Africa, to New Largo coal proprietary Ltd.

The sale, by Anglo American's 73%-held subsidiary Anglo American Inyosi Coal, was expected to conclude in the second half of 2018.

Upon closing the transaction, New Largo Coal Proprietary Limited is expected to pay ZAR850mm roughly US$71 million, for the New Largo thermal coal project, subject to regulatory approvals in South Africa.

Norman Mbazima, Deputy Chairman of Anglo American South Africa, said: 'I am delighted to announce the sale of New Largo to a new majority black-owned-and-managed company.'

'Together, Seriti, Coalzar and the IDC have excellent operating and management capabilities to develop and operate New Largo optimally and sustainably into the future.'

'The sale delivers on our long-standing strategy to exit our Eskom-tied coal assets and marks another Anglo American led step-change in the sustainable transformation of the South African mining industry, supporting both Eskom and the country's transformation objectives.'

StockMarketWire.com
Anglo American said the provisional value of rough diamond sales for De Beers's first sales cycle of 2018 amounted to $665m compared with $729m a year ago.

De Beers Chief executive Bruce Cleaver said: 'Following positive early signs for diamond jewellery sales over the holiday season in the US, the need for the industry to restock led to increasing demand for our rough diamonds in the first sales cycle of 2018.'

'This seasonal restocking demand does usually see a larger share of annual purchases being planned into the first sales cycle of the year by our customers, resulting in an encouraging sales performance.'

'In the equivalent sales cycle last year, sales levels benefitted from purchases that had been deferred from late in 2016 as a result of the initial impact at that time of India's demonetisation programme.'

StockMarketWire.com
Anglo American reported underlying earnings increased to £8.8bn for the full-year to December 31, up 45% from US$6.1bn in 2016, as higher commodity prices helped the miner slash debt.

The strong performance allowed the group to declare a dividend of $1.02 a share, representing 30% of second half underlying earnings.

Net debt fell by 47% to $4.5bn billion for the year. Profit attributable to equity shareholders doubled to $3.2bn.

The miner is targeting additional $3bn to $4bn annual underlying EBITDA run-rate improvement by 2022.

Mark Cutifani, Chief Executive of Anglo American, said: 'We have delivered a 93% increase in attributable free cash flow, almost halving net debt to $4.5 billion at the year end.'

'These strong financial results benefit from transformed productivities and efficiencies across our business - including a 28% productivity improvement in 2017 alone - together with our portfolio upgrading and improved prices for many of our products.'

'Our increased dividend for the second half equates to our targeted level of 40% of underlying earnings, totalling $1.02 per share for the year as a whole.'

Citigroup today reaffirms its neutral investment rating on Anglo American PLC (LON:AAL) and set its price target at 1850p.

HSBC today reaffirms its hold investment rating on Anglo American PLC (LON:AAL) and raised its price target to 1960p (from 1790p).

StockMarketWire.com
Anglo American confirmed Thursday Anglo American Platinum had sold its 33% interest in the Bafokeng Rasimone Platinum Mine joint venture, for 1.863bn rands, or about US$135m.

Anglo American Platinum subsidiary Rustenburg Platinum Mines, or RPM, had accepted an offer from Royal Bafokeng Platinum, or RBPlat, to purchase its 33% interest in the Bafokeng Rasimone Platinum Mine joint venture.

The sale comes as Anglo American Platinum looks to focus its capital allocation into its own-managed mines and projects.

StockMarketWire.com
Diversified miner Anglo Asian Mining reported Thursday total production on a copper equivalent basis rose 6% in the second quarter of 2018, compared to the same period last year.

Copper production for the three months to 30 June increased by 12% to 158,000 tonnes amid strong operational performance and higher grades. Total copper production, however, was weighed down by major planned maintenance at Collahuasi.

Full year copper production guidance remained unchanged at a range of 630,000 to 660,000 tonnes.

Metallurgical coal production increased by 33% to 5.3m tonnes, driven by strong performance at Moranbah and Grosvenor.

Rough diamond production at De Beers increased by 3% to 9.0m carats as higher demand prompted a ramp up in output at Gahcho Kue. Full year production guidance remained unchanged at a range of 34m to 36m carats.

Platinum and palladium production in the quarter was roughly flat from the same period a year ago last year. Improvements in operational performances were weighed down by unprofitable output from Bokoni, which had been placed on care and maintenance in the third quarter of 2017.

The company raised its full year platinum production guidance to a range of 2.4m 2.45m ounces from a range of 2.3m to 2.4m, and kept full-year palladium production guidance unchanged at range of 1.5m to 1.6m ounces.

StockMarketWire.com
Anglo American reported Thursday it would move ahead with the development of its Quellaveco copper project in Peru after first-half earnings jumped 11%.

For the six months to June 30, underlying earnings (EBITA) rose 11% to $4.58bn from $4.12bn the same period last year, net income fell 9% to $1.29bn.

The average price for Anglo's commodities gained 8% from a year ago, contributing $0.8bn of improvement to underlying earnings (EBITDA), the company said.

The company also said it was at the half way point of meeting its cost and volumes improvements targets for the full year.

'A 6% increase in copper equivalent production volumes helped deliver $0.4 billion of cost and volume improvements in the first half, out of the $0.8 billion targeted for the full year,' the company said.

Net debt fell 11% to $4bn.

The Quellaveco copper project has an expected capital cost of $5.0 to $5.3bn and would be funded on an attributable basis: 60% by Anglo American and 40% by Mitsubishi.

Mitsubishi would fund pre-funding the first $500m of Anglo American's share of the capital expenditure, Anglo American said.

'We expect Quellaveco to generate a real, post tax IRR of greater than 15%, with a four-year payback and an EBITDA margin of more than 50% due to its highly competitive first quartile cash cost position,' Mark Cutifani, Chief Executive of Anglo American.