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.

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London-listed Miners faced a blow on Friday as China's latest attempts to prop up its struggling economy underwhelmed. Copper firm Antofagasta PLC (LSE:ANTO) dropped 4.9% over the course of the morning, as Rio Tinto PLC, Anglo American PLC (LSE:AAL) and Glencore PLC (LSE:GLEN) also sat among the FTSE 100's losers.

Rio Tinto, Anglo American slump as latest Chinese stimulus underwhelms

The global miner sold its interest in two steelmaking-coal mines in Australia for around $1.1 billion, advancing its coal-division selloff.

Anglo American Continues Coal Selloff With Australian Disposal

Anglo American PLC (LSE:AAL) has announced the sale of its minority stake in the Jellinbah East and Lake Vermont steelmaking coal mines for US$1.1 billion (£0.85 billion). Joint venture partner Zashvin will buy Anglo's 33.3% stake in Jellinbah Group, which owns the Australian mines, a statement said on Monday.

Anglo American offloads Jellinbah steelmaking coal mines stake for $1.1bn

Anglo American said on Monday that it will sell its minority stake in a joint venture that owns a 70% interest in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia for A$1.6 billion ($1.06 billion).

Anglo American to sell stake in Australian steelmaking coal mines for $1.1 bln

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Sprott Nickel Miners ETF

Nickel spot prices were lower the last month. Nickel market news -  The US government is reportedly examining price support mechanisms for domestic critical mineral projects. US Treasury allows miners to access clean energy manufacturing subsidy. Nickel company news - Eramet revises downwards its 2024 production targets for Comilog and PT Weda Bay Nickel.

Nickel Miners News For The Month Of October 2024

BHP Group Ltd (LSE:BHP, ASX:BHP) has quickly backtracked on comments yesterday from its chairman that it had ‘moved on' from its failed bid for Anglo American. Most sources reported this as meaning it was no longer interested in making another bid for its mining peer, but apparently this is not the case.

BHP has not 'moved on' from Anglo bid, company clarifies

BHP said that comments made by its chairman at Wednesday's annual general meeting did not mean the company rules out a renewed offer for Anglo American , months after its failed bid in May.

BHP leaves a new offer for British copper miner Anglo on the table

Anglo American PLC (LSE:AAL) was one of the biggest fallers on the FTSE 100 on Wednesday after headlines dashed hopes among some investors about a return bid from BHP Group Ltd (LSE:BHP, ASX:BHP). Former suitor BHP, which was rebuffed in its £34 billion bid in the spring, says it has "moved on" to focus on other growth opportunities.

Anglo American falls as BHP says 'we have moved on'

BHP has moved on to focus on other growth opportunities after shareholders of Anglo American voted against its takeover approach earlier this year, the company chairman said on Wednesday.

BHP has moved on from Anglo American, company chairman says

The speed at which Anglo American shifts to becoming a copper-focused miner may well dictate its ultimate fate - survival as an independent operator, or absorption by a bigger rival such as BHP Group, which earlier this year failed to buy the group.

Can Anglo's copper pivot help thwart renewed takeover bid?

Anglo American PLC (LSE:AAL) said it was making good progress on divestment plans it put in place to see off a takeover bid from rival miner BHP. Duncan Wanblad, chief executive, commented that platinum (PGM) business Amplats should be demerged by mid-2025 while coking coal is down to the final round of bidders.

Anglo American on track with production and divestment plans

AKRON, Ohio & LONDON--(BUSINESS WIRE)--Signet and De Beers launch new natural diamond campaign-'Worth the Wait'-focused on the themes of modern love and evolving relationship dynamics.

Signet and De Beers Launch Captivating New Natural Diamond Marketing Campaign: ‘Worth the Wait'

Anglo American has a successful track record of mining operations all across the world sustainably and safely. China's economic stimulus could boost demand and prices for Anglo American's key metals, enhancing profitability and free cash flow. The company's simplification strategy aims to concentrate on copper and iron ore, potentially increasing EBITDA margins.

Anglo American: Done With Diversification

ESAB Corp

COLUMBIA, S.C.--(BUSINESS WIRE)--A South Carolina court has set a trial date of Feb. 3, 2025, to determine whether Anglo-American, PLC (OTCQX: NGLOY), ESAB Corp. (NYSE: ESAB) and billionaire businessman Mohed Altrad, among others, can be held responsible for billions of dollars of liabilities stemming from asbestos that Cape Asbestos sent to companies in the United States and South Carolina for decades. A court-appointed receiver in June 2023 filed suit against numerous entities including Anglo.

Anglo American PLC, ESAB Corp. and Billionaire Mohed Altrad to Stand Trial for Cape Asbestos Liabilities

Anglo American on Friday said it had signed agreements with Chinese fertiliser companies Sinochem Fertiliser and BeiFeng AMP to develop the market for polyhalite fertiliser products in China, even as it slowed the development of its mine for the mineral in northern England.

Anglo American signs agreements to promote polyhalite fertiliser in China

BHP Group Ltd (LSE:BHP, ASX:BHP), the Aussie mining titan, is scheduled to report results on the evening of August 26 (Tuesday) with strategy to be a key theme predicts US bank Jefferies. Expect the failed bid for Anglo American to figure prominently in the post-numbers discussion, it says.

BHP's failed bid for Anglo to dominate results suggests Jefferies

Mining giants Rio Tinto, Anglo American and BHP Group were all downgraded after a gauge monitoring sector demand flashed a strong 'sell' signal.   The 'restocking indicator' from broker Panmure Gordon reported its weakest signal since mid-2022, with a turnaround after a long bull run.

Rio Tinto, Anglo, BHP downgraded as mining indictor flashes strong 'sell' signal, says broker

Anglo American PLC (LSE:AAL) is facing calls from one of its top investors to close Woodsmith, the fertiliser mine in North Yorkshire, due to concerns over its financial viability. Dawid Heyl, portfolio manager at Ninety One, which holds a 1.5% stake in Anglo American worth approximately £500 million, has voiced doubts about the profitability of the project.

Woodsmith: Anglo American shareholder calls for site closure

Anglo American plc (OTCQX:AAUKF) Q2 2024 Earnings Conference Call July 25, 2024 4:00 AM ET Company Participants Stuart Chambers - Chairman Duncan Graham Wanblad - CEO John Heasley - Finance Director Conference Call Participants Ian Rossouw - Barclays Liam Fitzpatrick - Deutsche Bank Bob Brackett - Bernstein Alain Gabriel - Morgan Stanley Richard Hatch - Berenberg Chris LaFemina - Jefferies Matt Greene - Goldman Sachs Duncan Graham Wanblad Okay. Good morning, everybody.

Anglo American plc (AAUKF) Q2 2024 Earnings Call Transcript

Anglo American PLC (LSE:AAL) slipped into the red after the miner took a US$1.6 billion write-down of the Woodsmith fertiliser development in Yorkshire. The miner had already said it would slow down the development of the polyhalite mine pending a final investment decision as part of a restructuring of its businesses after a failed bid from BHP.

Anglo American in red after Woodsmith write-down

Anglo American on Thursday took a further $1.6 billion writedown at its costly fertiliser project in Britain as it takes more steps to cut costs after making a loss of $672 million in the first half.

Anglo American takes $1.6 billion impairment at Woodsmith mine

Anglo American has hired three banks for the sale of its steelmaking coal assets, which analysts value at as much as $5 billion and is part of a broader restructuring to fend off an approach from rival BHP , two sources close to the matter said on Tuesday.

Anglo American hires banks for coal assets sale, sources say

Australia's Mining And Energy Union has reached an agreement with Anglo American to extend pay until August-end for workers at its Grosvenor mine that was shut earlier this week due to an ongoing underground fire, the two parties said.

Anglo American extends pay for workers of fire-hit Australian mine

Anglo American PLC (LSE:AAL) shares dropped more than 3% this morning, making it the top FTSE 100 faller after its coal mine in Queensland, Australia suffered a fire.  Production at its Grosvenor mine, which produces coal to make steel, was halted over the weekend after the fire, leaving question marks over whether the group can still quickly offload the asset as part of its recovery plan.

Anglo American shares slide as it suffers coal mine fire

A fire at Anglo American's Grosvenor metallurgical coal mine in Australia is likely to negatively affect its Australian met coal business, broker Jefferies said in a note on Monday.

News for Anglo American PLC Stock (NGLOY)