Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAnglo American Share News (AAL)

Share Price Information for Anglo American (AAL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2,527.50
Bid: 2,535.50
Ask: 2,536.50
Change: 7.50 (0.30%)
Spread: 1.00 (0.039%)
Open: 2,526.50
High: 2,551.50
Low: 2,504.50
Prev. Close: 2,520.00
AAL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

CRU-CESCO-Anglo American says output on track at Chilean mines despite virus surge

Mon, 12th Apr 2021 13:00

By Dave Sherwood

SANTIAGO, April 12 (Reuters) - A resurgence of COVID-19 in
Chile should not dampen output at Anglo AmericanĀ“s sprawling
copper mines in the Andean nation this year, nor is it likely to
pose near-term supply chain problems, the company's top
executive in Chile told Reuters.

Aaron Puna, who took over as CEO of Anglo American in Chile
in 2019, said its Chilean operations had weathered the pandemic
in top shape, and said they were well-prepared to confront the
latest surge in cases and restrictions.

"No concerns at this point," Puna said in an interview.
"We're expecting...we'll deliver exactly as budgeted."

Chile cases spiked this week to pandemic highs, bringing
hospitals to near collapse and prompting authorities to lock
down Santiago, the capital, and close the South American
nation's borders.

Puna said he didn't anticipate near-term issues with output,
shipping or supply chain despite the latest round of
restrictions. "We haven't got any red flags or concerns around
what we see in...the next eight weeks or so," he said.

Anglo was the worst hit among its peers by coronavirus
lockdowns in 2020, including in countries such as South Africa
and Botswana, though its Chile operations emerged largely
unscathed.

Collahuasi, a partnership between Anglo, Glencore
and Japan's Mitsui & Co, boosted its production in 2020
by 11% year-on-year, according to Chile copper agency figures,
while the Anglo American Sur division, which includes Los
Bronces, saw output slip just 5%.

Anglo American also remained on track, Puna said, for
decisions from Chilean environmental regulators on permits for
high-profile operational continuity projects at its Los Bronces
mine near Santiago and at Collahuasi.

Puna said the company was preparing to submit additional
data to regulators in April to ensure "transparency" around the
miner's claims that its Los Bronces continuity project would not
impact glaciers or the water supply of nearby Santiago, key
concerns of local communities and activists.

"Fresh water should be for human consumption," Puna told
Reuters. He said the company would put finishing touches this
year on a plan to "transition in the middle of this decade to
non-freshwater sources for Los Bronces."

"We don't see that we'll be using fresh water beyond
basically 2027," he said.
(Reporting by Dave Sherwood and Fabian Cambero; Editing by
Leslie Adler)

More News
14 May 2024 12:07

LONDON MARKET MIDDAY: Stocks flat; BoE's Pill says summer cut possible

(Alliance News) - Stocks in London made muted progress on Tuesday, ahead of key US data, as a leading Bank of England economist suggested talk of a summer rate cut was not "unreasonable."

Read more
14 May 2024 11:53

Anglo CEO says BHP bid forced his hand on demerger of South African assets

JOHANNESBURG, May 14 (Reuters) - The boss of Anglo American said on Tuesday a bid by rival BHP to take over the company forced him to accelerate plans for a spin-off of its South African platinum assets, which come on the cusp of a national election.

Read more
14 May 2024 10:53

South Africa's mines minister: I have no problem with Anglo's platinum demerger plan

JOHANNESBURG, May 14 (Reuters) - South Africa's mines minister Gwede Mantashe said on Tuesday that he had no problem with an Anglo American proposal to demerge its platinum business in South Africa.

Read more
14 May 2024 10:14

World shares little changed ahead of US inflation data

SINGAPORE, May 14 (Reuters) - World shares marked time on Tuesday and were still just shy of record highs ahead of highly anticipated U.S. inflation data, while Japanese bonds were squeezed as the central bank pulled back a little on its bond buying programme.

Read more
14 May 2024 09:55

Anglo CEO says BHP bid forced his hand on demerger of S.Africa assets

JOHANNESBURG, May 14 (Reuters) - The boss of Anglo American said on Tuesday a bid by rival BHP to take over the company forced him to accelerate plans for a spin-off of its South Africa's platinum assets, a move set to cause concerns in Pretoria weeks before a national election.

Read more
14 May 2024 09:52

LONDON MARKET OPEN: Stocks steady after soft jobs data; Vodafone stars

(Alliance News) - Stocks in London on Tuesday edged higher in early trading as soft jobs data boosted hopes of an interest rate cut in June.

Read more
14 May 2024 09:49

Anglo shareholder welcomes proposed strategic revamp

LONDON, May 14 (Reuters) - Anglo American shareholder Aegon Asset Management said on Tuesday it welcomed a proposed strategy revamp at the London-listed mining firm, as it tries to fend off a takeover bid from the world's largest miner BHP Group.

Read more
14 May 2024 09:23

South African rand lower ahead of mining and unemployment data

JOHANNESBURG, May 14 (Reuters) - South Africa's rand weakened early on Tuesday, ahead of local mining and first quarter unemployment data.

Read more
14 May 2024 09:02

TOP NEWS: Anglo American unveils most "radical" strategy in decades

(Alliance News) - Anglo American PLC on Tuesday unveiled a new "radical" strategy that will see it keep copper and iron ore assets, while getting rid of platinum and diamond businesses.

Read more
14 May 2024 08:33

Amplats shares fall 10% as Anglo American eyes demerger

JOHANNESBURG, May 14 (Reuters) - Anglo American Platinum's Johannesburg-listed shares traded down around 10% in early trade on Tuesday, after parent company Anglo American said in a strategic review that it was exploring a demerger of its troubled platinum unit.

Read more
14 May 2024 07:21

Anglo unveils radical shake-up to simplify portfolio, cut costs

(Sharecast News) - Anglo American has announced a "major new phase" in its strategy as it makes radical changes to its business structure to drive shareholder returns and save costs, including the divestment or spin-off of its steelmaking coal, nickel, platinum and diamond operations.

Read more
13 May 2024 17:50

Anglo American rejects BHP's revised $42.7 billion buyout proposal

Had rejected a previous $39 billion all-share proposal in April

*

Read more
13 May 2024 16:55

LONDON MARKET CLOSE: FTSE win streak snapped in tepid start to week

(Alliance News) - London's FTSE 100 ended lower in subdued trade on Monday, with investors anxiously awaiting Wednesday's US inflation data.

Read more
13 May 2024 15:20

UPDATE: Anglo American says new BHP bid undervalues future prospects

(Alliance News) - Anglo American PLC on Monday said the latest bid proposal from mining peer BHP Group Ltd continues to "significantly undervalue" it and its "future prospects."

Read more
13 May 2024 13:47

Anglo American rejects second, £34bn takeover offer from BHP

(Sharecast News) - BHP said on Monday that Anglo American has rejected a revised offer from the Australian miner which valued the company at £34bn.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.