Anglo American PLC

Anglo American Plc is a mining company, which engages in the exploration and mining of precious base metals and ferrous metals. The company operates through the following segments: De Beers, Copper, Platinum Group Metals, Iron Ore, Coal, Nickel and Manganese, and Corporate and Other. The company was founded by Ernest Oppenheimer in 1917 and is headquartered in London, the United Kingdom.

Anglo American (NGLOY) expects to reduce costs by $1 billion in 2024.

Anglo American (NGLOY) Expects Production Dip to Cut Costs

(Kitco News) - Anglo American (LSE: AAL), one of the world's largest mining companies, said today that on a copper equivalent basis, its 2023 production is expected to increase by c.3% due to Quellaveco copper ramp-up and “solid” iron ore production, with unit costs up c.5%.

Anglo American eyes lower copper equivalent output in 2024-2025, prioritizing operational and cost discipline

Anglo American PLC (LSE:AAL) shares tumbled 14% after new details on its planned production, spending and costs for the next three years suggested potentially less generous returns for investors. Expected capital expenditure will be cut by US$1.8 billion (£1.44bn) out to 2025 as part of the shift in its investment approach to concentrate on what boss Duncan Wanblad called "improving our resilience", with lowering unit costs also in focus.

Anglo American slapped down 14% after revealing more disciplined outlook

Anglo American PLC (LSE:AAL) has unveiled its new medium-term targets, focused on bolstering its resilience in the face of current cyclical weakness in platinum group metals and diamonds, but with attractive prospects for energy transition metals. The FTSE 100 mining group anticipates a reduction in production over the next two years, with a focus on reducing unit costs and capital expenditure, a tactical shift aimed at navigating market volatility and improving operational efficiency.

Anglo American to cut production and costs to 'improve resilience'

(Kitco News) - On Wednesday, global mining group Anglo American (LSE: AAL) announced that the provisional value of rough diamond sales for De Beers' ninth sales cycle of 2023 amounted to $80M, lower than the ninth sales cycle of 2022 ($454M) and lower than the previous cycle ($200M).

De Beers reduces rough diamond availability, sales plunge in ninth cycle of 2023

(Kitco News) - Anglo American (LSE: AAL), one of the world's largest mining companies, reported today that its Q3 2023 copper production increased by 42% y-o-y to 209 kt, reflecting the progressive increase in production from Quellaveco in Peru.

Anglo American's copper production skyrockets 42% in Q3, driven by Quellaveco ramp-up

There could be some market-moving updates for industrial metals at the upcoming large-cap mining reporting season, with Anglo American PLC (LSE:AAL) selected by JPMorgan as its 'top tip'. The season for the European miners kicks off with operational results for Rio Tinto PLC (LSE:RIO) on 17 October and fellow Anglo-Aussie giant BHP Group Ltd (LSE:BHP, ASX:BHP) and Antofagasta PLC (LSE:ANTO) the day after, with Anglo American PLC and Fresnillo PLC (LSE:FRES) the week after, and Glencore PLC (LSE:GLEN) wrapping things up on the final Monday of the month.

Anglo American tipped heading into mining reporting season, China stabilising

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Anglo American (NGLOY) Stock?

(Kitco News) - On Thursday, global mining group Anglo American (LSE: AAL) announced that the provisional value of rough diamond sales for De Beers' eighth sales cycle of 2023 amounted to $200M, lower than the eighth sales cycle of 2022 ($508M) and lower than the previous cycle ($370M).

De Beers reduces rough diamond availability, sales plunge in eighth cycle of 2023

Three and a half years after Anglo American PLC (LSE:AAL) took over Sirius Minerals' Woodsmith polyhalite mine, Barclays said it is "more convinced" than ever about the market opportunity and potential benefit that the POLY4 fertiliser can deliver. Analysts at the bank said they see "significant upside value potential" from the miner in coming years, with the agriculture and agronomy industry on the cusp of major change as demand for food rises but usable land falls and chemical fertilisers are questioned.

Anglo American's Woodsmith mine still offers significant upside potential , says Barclays

After losing some value lately, a hammer chart pattern has been formed for Anglo American (NGLOY), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Bears are Losing Control Over Anglo American (NGLOY), Here's Why It's a 'Buy' Now

De Beers on Thursday said it has slashed diamond sales in a bid to tackle a glut of gemstones in the market as the firm also vowed to spend an extra $20 million on advertising in a push to build demand ahead of the Christmas holiday season.

De Beers slashes diamond sales to tackle gemstone market glut

De Beers, the diamond company owned by Anglo American PLC (LSE:AAL), revealed revenues dropped to US$200 million from US$508 million the year prior in its most recent sales cycle, a trading update on Tuesday explained. Measuring the sales between September 18 and October 3, the drop in the value of sales also slowed cycle-on-cycle, with revenues in the period from August 14 to August 29 coming in at US$370 million.

De Beers sales slip as diamond availability slows

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Nickel Miners News For The Month Of September 2023

Anglo American's H1-23 results show resilient results. We believe that copper production and Quellaveco ramp-up are not priced in. Compelling valuation, low debt level, and a tasty dividend yield make Anglo a buy.

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Nickel Miners News For The Month Of August 2023

(Kitco News) - On Wednesday, global mining group Anglo American (LSE: AAL) announced that the provisional value of rough diamond sales for De Beers' seventh sales cycle of 2023 amounted to $370M, lower than the seventh sales cycle of 2022 ($638M) and lower than the previous cycle ($411M).

Anglo American sees 'softer' demand for diamond jewelry in seventh cycle of 2023

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NGLOY, ARAY and BANR have been added to the Zacks Rank #5 (Strong Sell) List on August 11, 2023.

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Anglo American plc (OTCQX:AAUKF) Q2 2023 Earnings Call Transcript July 27, 2023 4:00 AM ET Company Participants Duncan Wanblad - Chief Executive Officer Stephen Pearce - Chief Financial Officer Conference Call Participants Izak Rossouw - Barclays Richard Hatch - Berenberg Sylvain Brunet - BNP Paribas Liam Fitzpatrick - Deutsche Bank Patrick Mann - Bank of America Alain Gabriel - Morgan Stanley Myles Allsop - UBS Danielle Chigumira - Credit Suisse Tyler Broda - RBC Christopher LaFemina - Jefferies Duncan Wanblad Good morning, everybody. I don't have any acceptable cricket jokes to tell with my Chairman in the room, so I'm just going to go straight into the presentation.

Anglo American plc (AAUKF) Q2 2023 Earnings Call Transcript

(Kitco News) - Anglo American, one of the world's largest mining companies, reported today that its Q2 2023 copper production increased by 56% y-o-y to 209 kt, reflecting the ramp-up of production from the company's new Quellaveco copper mine in Peru.

Anglo American says its copper production up 56% in second quarter, driven by Quellaveco

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Anglo American's stock price has dropped 26% in 2023 due to a weak performance stemming from declining metal prices and a weak global macroeconomy. However, there's potential for a turnaround in the second half of 2023 if the expected fiscal stimulus from China results in a metal price and demand rise. The company's valuation is attractive, with a robust dividend yield and a price-to-earnings ratio lower than the materials sector average, making it a good investment for passive income.

Anglo American: Even For A Slowdown, Its Price Has Overcorrected

Recent events suggest change is en route at Anglo American plc. De Beers' recent Botswana sales agreement lends Anglo's investors much to cheer about. A managerial shakeup is in full swing with "next generation" leadership emphasized.

Anglo American: Noteworthy Developments

(Kitco News) - Anglo American announced Monday that De Beers and the Government of Botswana have reached an agreement in principle on a new 10-year sales agreement for Debswana's rough diamond production (through to 2033) and a 25-year extension of the Debswana mining licences (through to 2054).

News for Anglo American PLC Stock (NGLOY)