Arc Minerals shares jump on Zambian copper-cobalt joint venture deal with Anglo American
Anglo American will have the right to retain a 70% ownership in the joint venture for a total investment of up to US$88.5mln
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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Anglo American will have the right to retain a 70% ownership in the joint venture for a total investment of up to US$88.5mln
A decision on the LBIP permit application by the SEA is expected within the next week
The FTSE 100 miner also increased its full-year cost guidance 9%
Cutifani has avoided major scandals, and ridden his luck well
The UK blue-chip index closed the session 15.10 points, or 0.2% lower at 7,601.28, nearer the session peak of 7,624.90 than the day’s low of 7,565.81
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It plans to pay a final dividend of US$1.18 per share and a special dividend of US$0.50 per share
The group's metallurgical coal production guidance for 2022 is now expected to fall between 20mln and 22mln metric tonnes, with unit cost guidance of $85 a tonne
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The mine is expected to have a total annual saleable production of around 5mln tonnes.
"Anglo's exposure to these commodities might be a headwind over the next three months".
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Anglo American (LON:AAL) 3,399p, Mkt Cap £45.7bn – Q4 2021 production report and 2022 guidance Anglo American reports that it is continuing to achieve 95% operating levels at most of its operations and that Q4 production is in line with tha
Only two FTSE 100 miners are currently rated 'buy' by the bank
Minas-Rio produced 17,596k metric tonnes of iron ore in the three quarters of 2021 reported to date
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Tertiary Minerals* (LON:TYM) – 0.16p, Mkt cap £2.0m – Chairman highlights strategic focus on copper and precious metals exploration In its results announcement for the year to 30th September 2021, Tertiary Minerals reports a pre and post-ta
"As we move towards full project execution, it is a natural time for Chris [Fraser] to step into a new role and I'm pleased that we will benefit from his experience as he works with us on a number of strategic projects"
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A look at some of the major movers in London on Monday
"Duncan Wanblad is the standout and natural successor to Mark Cutifani"