MGX Minerals names mining executive as new vice-president of operations
Graham has over 20 years' international experience exploring and developing mineral deposits
Company
LON:AAL
Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling products that are essential for decarbonising the global economy, improving living standards, and food security. The company's portfolio of world-class operations and outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning it to deliver into structurally attractive major demand growth trends.
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Graham has over 20 years' international experience exploring and developing mineral deposits
The German bank’s analysts hiked their stance on the FTSE 100-listed firm to ‘buy’ from ‘hold’, while upping their target price to 420p from 300p
Volcan Investments said it is to acquire shares in Anglo American worth between £1.25bn and £1.5bn, equivalent to 7.5%-9.0% of the company, in addition to the £2bn it spent on acquiring a 12.43% holding in March
At 3.15pm, the UK benchmark index was down 64 points at 7,325, above the session low of 7,296.49 but still set for its worst week in nine months having dropped nearly 250 points in the last three sessions of the week
The FTSE 100 finished 108 points lower at 7,390, about 13 points above its intra-day low
The FTSE 100 index closed up 20.23 at 7,531, below the session peak of 7,533.74 and well above the day’s low of 7,511.71
With an hour and a half of trading to go in London, the FTSE 100 index was 36 points higher at 7,404, albeit remaining below an early peak of 7,425.52
Just days after the Tanzanian authorities slapped the miner with a S$190bn bill for unpaid taxes and penalties, on Friday it emerged that a senior Acacia Mining employee was arrested at the airport.
The FTSE 100-listed miner posted a 68% jump in underlying earnings (EBITDA) for the six months to June 30 to US$4.1bn, up from US$2.5bn a year earlier and in line with forecasts
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It's been a busy day here in London; 15% of FTSE 100-listed companies have had some sort of meaningful news out...
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Lloyds Banking Group and Royal Dutch Shell are among a slew of companies reporting earnings on Thursday
The blue-chip multi-commodity miner, which holds a controlling 78% stake in Anglo American Platinum Limited, said that it will report underlying earnings in respect of Anglo American Platinum of US$37mln for the six months ended 30 June 201
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Week ahead: Lloyds, Barclays, AstraZeneca, GlaxoSmithKline, Sky, Reckitt Benckiser
Full-year production guidance was largely left unchanged, but there was a small bump to the expected output of iron ore