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LON100:AAL, Mar 28, 08:52 UTC

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Anglo American expects South African lockdown to hit iron ore and coal

AAL TRI

Anglo American expects South African lockdown to hit iron ore and coal | NASDAQ. LONDON, March 27 (Reuters) - Anglo American AAL.L expects output at its Kumba Iron Ore KIOJ.J mine in South Africa to fall by up to 3 million tonnes in 2020 because of a 21-day lockdown and coal export production to be up to 2 million tonnes lower, it said on Friday. Anglo American said its workforce across different minerals in South Africa would be cut by 50% to 75% during the country's 21-day lockdown, adding that major operations in other countries had so far not been materially impacted. The company had previously expected output this year of 41.5 million to 42.5 million tonnes at Kumba and to mine about 26 million tonnes of coal for export in South Africa and Colombia.

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Wednesday, March 25


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Insider Buying: The Anglo American plc (LON:AAL) CEO & Director Just Bought US$1.1m Worth Of Shares

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Those following along with Anglo American plc (LON:AAL) will no doubt be intrigued by the recent purchase of shares by Mark Cutifani, CEO & Director of the company, who spent a stonking UK£1.1m on stock at an average price of UK£11.09. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. In this case we're pleased to report that the insider purchases were made at close to current prices. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders. What Might The Insider Transactions At Anglo American Tell Us? Given that insiders also own a fair bit of Anglo American we think they are probably pretty confident of a bright future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company.

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Tuesday, March 24


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Anglo American reviewing options as South Africa enters lockdown

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Track your favourite stocks. Create & monitor portfolios. Daily portfolio valueSign Up. Anglo American reviewing options as South Africa enters lockdown. Tue, 24th Mar 2020. Mining company Anglo American said it was reviewing its options after the president of South Africa announced a 21-day nationwide lockdown set for 26 March at midnight, to help curb the spread of Covid-19. 'Anglo American will review the detailed regulations relating to this action that are being published, including in relation to exemptions for certain business activities, and will issue a further statement in due course,' the company said. Story provided by StockMarketWire.com. Value5,763.56. Change75.36. This site requires cookies in order to give you the best user experience. By using this site, you are agreeing to the use of cookies. Close.

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Friday, March 20


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Anglo American says to reschedule work to at mines to contain virus

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Anglo American says to reschedule work to at mines to contain virus. LONDON (Reuters) - Anglo American said on Friday it would reschedule work at mines in countries such as Chile to contain the spread of coronavirus but added there had been no material disruption on production. The virus, which has claimed over 10,000 lives globally, has roiled global markets and forced miners such as Rio Tinto and Teck Resources to reduce activity as governments limit the movement of their populations. "At certain operations, such as those in Chile, we are taking measures to temporarily reschedule operational work in order to help reduce the density of people on site and with it to reduce the probability of the virus spreading," Anglo said in a statement.

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Anglo American says to cut staff at operations such as in Chile

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Anglo American says to cut staff at operations such as in Chile | NASDAQ. LONDON, March 20 (Reuters) - Anglo American AAL.L said on Friday it would cut the number of workers at its operations in countries such as Chile to contain the spread of coronavirus but added there would be no material disruption on production. The global miner, which produces copper in Chile, said its supply chains were functioning well at the moment as a result of engagement with suppliers. Anglo said on Thursday it would reduce operations at its Los Bronces copper mine in Chile and said production losses would be minimal.

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Thursday, March 19


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Is Anglo American a high quality contrarian stock?

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After immigrating to the US from India in the 1980s he studied engineering and later worked in IT. From there he started his own business before selling it in 2000 for a reported $20 million. These days he’s better known for running Pabrai Investments Funds, currently with $575 million under management, as well as a zero-fee investment firm called Dhando Funds. In the Dhando Investor, Pabrai explains that the core of his strategy is based on the ideas that: “heads I win, tails I don’t lose much”. It's a promising sign, although, it's worth remembering that, like many value investing strategies, Mohnish Pabrai’s Buffett-inspired approach to finding investments relies on going where others fear to tread.

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How secure is the Anglo American dividend?

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There is some evidence that buying progressive dividend payers with solid balance sheets is a strategy well-rewarded by the market. A reputation as a dependable dividend payer takes years to forge and, once created, is a valuable way for a company to signal its long-term profitability to the market and prospective shareholders. This is why, when it comes to dividend-paying companies such as large cap Integrated Mining operator Anglo American (LON:AAL), which yields 8.22%, it is useful to check how well these payments are covered by earnings. Earnings per share divided by dividend per share is called dividend cover - and it’s a great way to quickly gauge a company’s capacity to continue its dividend payments.

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Tuesday, March 17


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Anglo American slows Peru copper project construction due to national quarantine

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March 17 (Reuters) - Global miner Anglo American AAL.L said on Tuesday it was slowing down the construction work of the Quellaveco copper project in Peru, following a 15-day national quarantine to curb the spread of the coronavirus outbreak. The Latin American country has suspended constitutional rights including free movement and assembly as it tries to deal with the fast-spreading virus, which had infected 71 people as of Sunday. The Quellaveco project, with an expected capital cost of $5 billion to $5.3 billion, is expected to start production in 2022. Anglo expects output of about 300,000 tonnes per year at a cash cost of $1.05 per pound of copper during the first ten years of full production at the project.

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Anglo American slows Peru copper project construction due to national quarantine

AAL TRI

March 17 (Reuters) - Global miner Anglo American AAL.L said on Tuesday it was slowing down the construction work of the Quellaveco copper project in Peru, following a 15-day national quarantine to curb the spread of the coronavirus outbreak. The Latin American country has suspended constitutional rights including free movement and assembly as it tries to deal with the fast-spreading virus, which had infected 71 people as of Sunday. The Quellaveco project, with an expected capital cost of $5 billion to $5.3 billion, is expected to start production in 2022. Anglo expects output of about 300,000 tonnes per year at a cash cost of $1.05 per pound of copper during the first ten years of full production at the project.

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Monday, March 16


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Oracle adds clarity and colour to the De Beers’ in-store experience – Retail Times

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Luxury retailer De Beers Jewellers is adopting modern Oracle Xstore technology to enhance its customers’ shopping experience. The company prides itself on offering exquisite gifts and peerless diamonds for life’s key moments. “Oracle Retail Xstore POS enables retailers to pivot to the customer by delivering a fully mobile store with all the capabilities required to create a modern shopping experience,” said Mike Webster, senior vice president and general manager, Oracle Retail. “With Oracle, De Beers associates can focus their attention on showing the uniqueness of their jewellery and the needs of the shoppers from anywhere in the store.”. Oracle Retail Xstore Office Cloud Service can centralize all back-office elements of store operations, eliminating the need for additional data center investment.

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