Anglo American plc (AAUKF)
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Anglo American plc (AAUKF) Q4 2024 Earnings Call Transcript
Anglo American plc (OTCQX:AAUKF) Q4 2024 Earnings Conference Call February 20, 2024 4:00 AM ET Company Participants Stuart Chambers - Chairman Duncan Graham Wanblad - CEO John Heasley - Finance Director Tyler Broda - Head, IR Conference Call Participants Jason Fairclough - Bank of America Matt Greene - Goldman Sachs Liam Fitzpatrick - Deutsche Bank Ian Rossouw - Barclays Dominic O'Kane - JPMorgan Chris LaFemina - Jefferies Tony Robson - Global Mining Research Bob Brackett - Bernstein Myles Allsop - UBS Alain Gabriel - Morgan Stanley Richard Hatch - Berenberg Ben Davis - RBC Stuart Chambers So, good morning, everyone, and welcome to Anglo American's 2024 Results Presentation. Just a few words from me before I hand over to Duncan and John and starting unsurprisingly with safety.
Anglo American gains as De Beers value written down in search of buyer
Anglo American PLC gained on Thursday after full-year results were coupled with news of another write down for its De Beers diamond unit in search of a buyer. A US$2.9 billion impairment charge had been booked, Anglo said on Thursday, marking the second write down in two years in a bid to offload the unit under a wider reshuffle.
Anglo American posts $3.1 billion loss on writedowns
Anglo American said on Thursday it suffered a loss of $3.1 billion after taking impairment losses of $3.8 billion, mostly due to its ailing diamond unit, as it races to refocus the miner into a major copper producer following a bruising takeover battle from BHP last year.
Anglo American sells nickel business for $500mln
Anglo American PLC has announced the US$500 million (£396 million) sale of its nickel business as the miner continues to shift focus to copper and iron ore. MMG Singapore Resources, a subsidiary of Hong Kong's MMG Ltd, would buy the unit, which operates two ferronickel operations in Brazil, for US$350 million upfront, Anglo said.
Anglo American eyes dividend before June platinum wing spinoff
Anglo American PLC has said its platinum division will be spun off by June and pay an additional dividend before the split. Following “significant” progress, the miner on Monday flagged efforts to complete the latest of a string of demergers in the summer and pay out US$0.9 billion (£0.7 billion) to shareholders.
Nickel Miners News For The Month Of January 2025
Nickel spot prices were lower the last month. Nickel market news - Nornickel: "Around 40% of all nickel producers are loss-making at the current price." Indonesia is considering policy to reduce nickel mining quota in 2025 to 150kt. Nickel company news - Nornickel nickel production in 2024 decreased 2% to 205 kt. Vale's nickel production was slightly lower in 2024 at ~160kt.
Anglo American offloads Jellinbah coal mine stake for $1bn
Anglo American PLC has confirmed the US$1 billion (£0.8 billion) sale of its stake in the Jellinbah East and Lake Vermont steelmaking coal mines in Australia. Anglo said Wednesday its 33.3% stake in Jellinbah Group Pty Ltd, which owns a 70% interest in the mines, was sold to joint venture partner Zashvin.
Nickel Miners News For The Month Of December 2024
Nickel spot prices were slightly lower in the last month. Nickel market news - Letter to Congress on price support for US critical minerals. Fast permits if investing $1B in the US. Indonesia weighs deep cuts in nickel mining to boost prices. Nickel company news - Vale informs the Voisey's Bay Mine Expansion project completion. Premium Resources continues to intersect significant lengths of mineralization at Selebi North: 16.80 metres of 2.80% NiEq.
Chile regulator charges Anglo American mine over environmental violations
Chile's environmental regulator has filed three charges against miner Anglo American's local unit over alleged violations at its El Soldado copper mine in the Valparaiso region.
Anglo American to sell steelmaking coal assets to Peabody Energy for $3.8 billion
Anglo American's deal sits in line with the mining company's plans to refocus its business on copper, iron ore and crop nutrients.
Peabody Energy Stock Drops After Coal Deal. Anglo American's Breakup Begins.
The company is paying up to $3.8 billion in cash for the Anglo assets.
Anglo American agrees to sell Aussie coal mines for up to $3.78 bln to Peabody Energy
Anglo American on Monday agreed to sell its Australian steelmaking coal mines to Peabody Energy for a cash consideration of up to $3.78 billion, in its first major disposal as part of a wider restructuring plan.
