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Anglo American's New Survival Strategy: What Do Investors Think? (Continued from Prior Part) Lower diamond production
Anglo American’s (AAUKY) management mentioned during a conference call that the company will pull back its production of diamonds in 2016. This is mainly in response to midstream challenges.
Anglo American will reduce its production in Botswana by 20 million karats in 2016. It will also put Snap Lake on care and maintenance and curtail production at its Venetia tailings plant. In Namibia also, Anglo and its partner have decided to reassign mining vessels to lower-grade areas to curtail production.
As a result of all of these actions, Anglo’s diamond production for 2016 is now expected to be 29 million karats, down from 32–34 million karats at the beginning of the year.
On the demand side, AAUKY’s management commented that a stronger US dollar (UUP) and the macroeconomic slowdown in China (FXI) (MCHI) have been impacting the diamond jewelry market. However, management was hopeful about demand from the US (SPY) (DIA) market.
Revised mine plan at the Sishen iron ore mine
Anglo American is also revising its mine plan at the Sishen iron ore mine, which will lower production to 26 million tons per year. Waste movement of 135 million tons is also below its previous guidance of 230 million tons. This would mean a ~40% reduction in material moved and only a 15% reduction in saleable tons.
Slower ramp at Minas-Rio
Anglo has reduced its production guidance for 2016 from 24–26 million tons to 18–21 million tons. The company mentioned that its production outlook at Minas-Rio has been affected by a confined mining area resulting from licensing constraints.
The company’s management mentioned that the permitting process in Brazil could take longer now due to the Samarco incident. Samarco is jointly owned by BHP Billiton (BHP) (BBL) and Vale (VALE).
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Anglo American plc
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PRODUCTEUR |
CODE : AAL.L |
ISIN : GB00B1XZS820 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Anglo American est une société de production minière de nickel et de zinc basée au Royaume-Uni. Anglo American est productrice de nickel, de zinc, d'argent, de chromium, de cuivre, de manganese, de molybdène, d'or, de platine, d'uranium et de zircon au Bresil, au Canada, au Chili, au Perou, au Venezuela, en Australie, en Afrique Du Sud et en Namibie, en développement de projets de charbon, de cuivre, de molybdène et d'or en Afrique Du Sud, et détient divers projets d'exploration au Bresil. Ses principaux projets en production sont RUSTENBURG SECTION, MAMATWAN, MPONENG (WESTERN DEEP NO. 1 SHAFT), TAUTONA (WESTERN DEEP NO.3 SHAFT), MARIKANA, WESSELS et PALABORA MINE AND SMELTER en Afrique Du Sud, COLLAHUASI MINE, MANTOS BLANCOS et MARICUNGA au Chili, CODEMIN au Bresil, NAVACHAB MINE et SKORPION MINE en Namibie, LOMA DE NIQUEL au Venezuela, GEMCO en Australie, QUELLAVECO au Perou et CALLINAN MINE au Canada, ses principaux projets en développement sont ZONDAGSFONTEIN et PEBBLE en Afrique Du Sud et ses principaux projets en exploration sont LISHEEN et RATHDOWNEY TREND / MOATE en Irlande, SAN FERNANDO et PINABETE au Mexique, 777 PROJECT, BAY PAINE, NUVILIK, MUSKOX, RIVER VALLEY, RAGLAN / BELANGER et WEST RAGLAN au Canada, BOYONGAN (NORTH) aux Philippines, RAKKURIJARVI en Suede, ATASPACA et ANTAY au Perou, KOLWEZI en Republique Democratique Du Congo, SALOBO et ARIPUANA / AREX au Bresil, PLATREEF et SPITZKOP ZINC en Afrique Du Sud et ZAMBEZI en Zambie. Anglo American est cotée au Royaume-Uni, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 3 053,4 milliards GBX (3 564,1 milliards US$, 3 348,1 milliards €). La valeur de son action a atteint son plus bas niveau récent le 12 mai 2017 à 1 001,00 GBX, et son plus haut niveau récent le 19 avril 2024 à 2 172,50 GBX. Anglo American possède 1 405 465 000 actions en circulation. |