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Anglo American PLC Add to portfolio

LON100:AAL, Nov 15, 03:32 UTC

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With a decline in the Anglo American share price, I recommend this FTSE 100 stock as an immediate buy!

AAL

With a decline in the Anglo American share price, I recommend this FTSE 100 stock as an immediate buy! Equity markets have been a bit of a snooze in the past few days, with the FTSE 100 making sideways movements. Recently, I talked about gold miner Randgold Resources, which makes for a great defensive play in the event of an economic slowdown. But even otherwise, there are other interesting mining companies around. This allows for good buying opportunities at such times as right now, since the Anglo American share price has been softening steadily for much of November so far. But the icing on the cake is really that the price to earnings (P/E) ratio for the company, at 9x, is much lesser than that for peer companies like BHP Bilton, Antofagasta and Fresnillo!

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Anglo American PLC (LON100:AAL) social chatter is higher than usual

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Samancor Manganese Division is 54.6% owned by BHP Billiton Plc (Australian company headquartered in Melbourne), 28.9% owned by Anglo American plc (British company HQ’d in London), and 16.5% owned by assorted private owners.

Tuesday, November 13


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Anglo American PLC (LON100:AAL) social chatter is higher than usual

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De Beers to make some enemies, cuts low-quality diamond prices: After shocking the market with a decision to start selling jewellery containing synthetic diamonds earlier this year, Anglo American’s De Beers is said to have reduced prices for low-quality… https://t.co/Xnv9WQ7wfI
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De Beers Price Cuts Show It's Hard Times for Ugliest Diamonds

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De Beers has been forced to make big cuts in what it asks customers to pay for the worst diamonds it sells. The industry produces about 15,000 different categories of diamonds, ranging from giant flawless gems that sell for millions of dollars to fragments worth just a handful. The biggest headache is there’s just too many lower quality stones. While no new major diamond mines were built between 2003 and 2012, recently a spate of new projects started in Lesotho, Canada and Russia. A major bank fraud in India earlier this year saw further cuts to diamond trade finance, making purchases more difficult for some buyers. While almost all diamond mines produce a variety of stones, some are more exposed to the low quality end of the market.

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Anglo American PLC (LON100:AAL) social chatter is higher than usual

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De Beers made steep cuts in the prices of low-quality stones at its sale this week. @tbiesheuvel reports. https://t.co/nBOj4yOGwT
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Anglo American PLC (LON100:AAL) social chatter is higher than usual

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The De Beers Diamond Conference 2018 #DiamondConference2018 Botswana Diamond conference hosted by De Beers under the theme, "Leading Business for Social Capital". New Era College @NECBotswana https://t.co/lm3sKmGMdl
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Anglo American PLC (LON100:AAL) social chatter is higher than usual

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De Beers is said to make big cuts in low-end diamond prices - https://t.co/uiDBuSTeKb https://t.co/J6IwKC2Wl0

Monday, November 12


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De Beers Is Offering Big Discounts on Low-Quality Diamonds

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De Beers Is Offering Big Discounts on Low-Quality Diamonds. (Bloomberg) -- De Beers made steep cuts in the prices of low-quality stones at its sale this week, according to people familiar with the situation. The world’s biggest producer reduced prices as much as 10 percent for low-quality stones, said the people, who asked not to be identified because the sales are private. De Beers sells rough diamonds to trade buyers who cut, polish and manufacture them into the polished stones sold in jewelry stores. While there is some correlation between rough and polished prices, lower prices at a De Beers sale is unlikely to make a difference at the consumer level. Even so, U.S. retail jeweler shares moved on the news.

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