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Pin to quick picksAnglo American Share News (AAL)

Share Price Information for Anglo American (AAL)

London Stock Exchange
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Share Price: 2,629.00
Bid: 2,625.00
Ask: 2,626.00
Change: 4.00 (0.15%)
Spread: 1.00 (0.038%)
Open: 2,638.00
High: 2,644.50
Low: 2,602.00
Prev. Close: 2,625.00
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Peru copper production growth near 13% in February

Tue, 16th Apr 2024 17:14

LIMA, April 16 (Reuters) - Peru's copper production grew 12.7% in February to reach 216,752 metric tons, the country's energy and mining ministry said on Tuesday.

Peru is one of the world's top producers of copper, and mining is a key driver of the Andean country's economy.

The announcement comes a day after the government reported that the economy

expanded 2.85% in February

, led by just over 17% growth in metals mining, which includes copper.

Copper's February performance was due in part to a 219.4% production boost from Glencore's Antapaccay mine.

Anglo American's Quellaveco mine saw production up 40.7%, with Southern Copper production up 23.1%, the ministry said in a report.

In the year's first two months, Peru produced a total volume of 422,127 tons, 5.4% more compared to the same period last year.

In 2023, Peru was displaced by the Democratic Republic of the Congo as the world's second largest copper producer, although it remains ahead of the African country in terms of the volume of its exports, according to data from both nations.

Mining Minister Romulo Mucho said last month he expects copper production to reach 3.0 million tons in 2024, up from 2.76 million tons last year. (Reporting by Marco Aquino; Writing by Brendan O'Boyle; Editing by Chizu Nomiyama)

More News
10 May 2024 14:33

Chile copper output edges down in March, dragged by Codelco

SANTIAGO, May 10 (Reuters) -

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10 May 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 hits record high on BoE vote, UK GDP

(Alliance News) - Stock prices in London were up at midday on Friday, hitting a record high once again as investors reacted positively to a dovish Bank of England interest rates hold.

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10 May 2024 09:03

LONDON MARKET OPEN: Stocks buoyed by dovish BoE hold and UK GDP growth

(Alliance News) - Stock prices in London opened up after a dovish Bank of England interest rates hold on Thursday.

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8 May 2024 09:27

PRESS: South Africa's PIC open to BHP takeover bid for Anglo American

(Alliance News) - South Africa's state-owned asset management firm Public Investment Corp has signalled that it remains open-minded about BHP Group Ltd's bid to buy Anglo American PLC, Business Day reported.

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3 May 2024 17:53

UK's FTSE 100 hits record high as favourable data boosts sentiment

Anglo American jumps after report of Glencore interest

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3 May 2024 16:52

London close: Stocks rise as US payrolls come in weaker

(Sharecast News) - London markets closed positively on Friday, as investors digested slower-than-expected payrolls growth in the US, while Anglo American jumped amid anticipation of a potential bidding war for the mining giant.

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3 May 2024 14:09

Anglo CEO meets S.Africa mines minister after BHP's takeover proposal

JOHANNESBURG, May 3 (Reuters) - Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time since the miner rejected BHP Group's $39 billion takeover bid, a source familiar with the matter told Reuters.

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3 May 2024 12:19

LONDON MARKET MIDDAY: Stocks up as market readies for US jobs report

(Alliance News) - Stock prices in London were in the green at midday on Friday, as investors remained optimistic ahead of an incoming US jobs report, which may allay some fear around interest rate expectations.

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3 May 2024 09:23

PRESS: Glencore mulls rival bid for Anglo American - Reuters

(Alliance News) - Shares in Anglo American PLC rose on Friday after Reuters reported Glencore PLC could launch a rival bid for the mining company.

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3 May 2024 07:49

Glencore said to be studying approach for Anglo American

(Sharecast News) - Glencore is reportedly studying an approach for Anglo American, a development that could spark a bidding war.

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2 May 2024 19:33

Canadian miner Hudbay sees BHP's bid for Anglo boosting copper assets

TORONTO, May 2 (Reuters) - The CEO of Canadian miner Hudbay Minerals said BHP Group's $39 billion offer for Anglo American has increased the valuation of copper assets and could underscore companies' willingness to pay a premium to buy existing copper mines.

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2 May 2024 12:39

BHP deploys team to SA to woo officials over Anglo deal - report

(Sharecast News) - BHP has reportedly deployed a team of senior executives to South Africa as it ramps up efforts to win over government officials, regulators and local shareholders, all of whom could yet determine the outcome of its proposed tie-up with rival Anglo American.

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1 May 2024 15:10

Barrick Gold is not interested in bidding for Anglo American, CEO says

TORONTO, May 1 (Reuters) - Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover offer from BHP, and is building its own copper portfolio, the Canadian miner's CEO Mark Bristow said on Wednesday.

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30 Apr 2024 16:00

TOP NEWS: Anglo American shares recover on improvement, copper appeal

(Alliance News) - Anglo American PLC reported on Tuesday investors had taken notice of measures the diversified mining group had taken to improve its performance.

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30 Apr 2024 14:11

Copper smelters in leading buyer China wary of BHP-Anglo American tie-up

April 30 (Reuters) - Chinese smelters, the world's biggest buyers of mined copper, are concerned they will lose power to negotiate prices if BHP Group, known locally as "the big miner", succeeds in its bid for rival Anglo American .

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