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: 2,500.50
Bid: 2,500.00
Ask: 2,501.00
Change: -9.50 (-0.38%)
Spread: 1.00 (0.04%)
Open: 2,508.00
High: 2,515.50
Low: 2,491.50
Prev. Close: 2,510.00
AAL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Russia's Udokan Copper assesses damage after fire

Fri, 05th Jan 2024 12:13

LONDON, Jan 5 (Reuters) - A fire at the operations of Russian miner Udokan Copper on Dec. 30 damaged part of the plant in Russia's far east but left copper concentrate production unaffected, the company told Reuters, adding that it was still assessing the damage.

Udokan Copper declined to comment on whether the damage would delay the start of copper cathode production at the plant.

A delay to copper cathode production would add to the growing list of supply disruptions in the copper industry including at First Quantum's Cobre mine in Panama and Anglo American lowering its production guidance.

Udokan planned to launch the first stage of the plant in the second quarter of 2024 and produce up to 135,000 tons of copper in the form of cathode or metal in concentrate a year, according to its Dec. 20 statement. From 2026, the annual capacity was expected to rise to 150,000 tons.

Russian metals producers have been hit by a wave of fires in recent months including at an aluminium smelter and a zinc mine.

Russia's war with Ukraine and sanctions imposed on Moscow by the United States have complicated the process of importing mining and processing equipment to replace damaged machinery.

Udokan, which has been also hit by Washington's sanctions, was Russia's largest undeveloped copper deposit until it started copper concentrate production in September.

The sanctions effectively banned Udokan Copper from U.S. dollar transactions and curbed marketing of its copper to potential Western customers, cementing its dependence on proximity to top metals consumer China. (Reporting by Julian Luk and Polina Devitt; editing by Tomasz Janowski and Louise Heavens)

More News
Today 09:59

Take Five: Cool jobs at last

May 31 (Reuters) - The start of a new month can mean only one thing for investors: time for the all-important monthly U.S. employment report, but also for a likely European Central Bank rate cut, as well as the outcome of India's marathon general election.

Read more
30 May 2024 18:20

Anglo starts formal divestment of coal, nickel after rebuffing BHP, CEO says

LONDON, May 30 (Reuters) - Anglo American is starting a formal process to sell its coal assets and explore options for its nickel operations after fending off a takeover threat from bigger rival BHP Group, Chief Executive Duncan Wanblad said on Thursday.

Read more
30 May 2024 15:35

South African inflation risks ease but no rate cut yet

South Africa's central bank keeps repo rate unchanged

*

Read more
30 May 2024 15:15

How a rattled South Africa became Anglo's best defence against BHP bid

BHP deal fell apart as Anglo rallied around structure

*

Read more
30 May 2024 14:19

UK politicians urge Anglo to rethink fertiliser project halt

LONDON, May 30 (Reuters) - UK politicians are calling on Anglo American to rethink halting its work at the Woodsmith fertiliser project in northern England, part of an asset overhaul Anglo announced after rejecting takeover proposals from global miner BHP Group.

Read more
30 May 2024 14:04

How a rattled South Africa became Anglo's best defence against BHP bid

BHP deal fell apart as Anglo rallied around structure

*

Read more
30 May 2024 11:36

UK politicians urge Anglo to rethink fertiliser project halt

LONDON, May 29 (Reuters) - UK politicians are calling on Anglo American to rethink halting its work at the Woodsmith fertiliser project in northern England, part of an asset overhaul Anglo announced after rejecting takeover proposals from global miner BHP Group.

Read more
30 May 2024 09:23

LONDON BROKER RATINGS: Jefferies and UBS cut Anglo American

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

Read more
30 May 2024 09:22

Jefferies downgrades Anglo American to 'hold'

(Sharecast News) - Jefferies downgraded Anglo American to 'hold' from 'buy' on Thursday and slashed the price target to 2,700p from 3,200p after BHP abandoned its £39bn pursuit of the London-listed miner as the deal structure couldn't be resolved.

Read more
30 May 2024 07:40

LONDON BRIEFING: Dr Martens cuts payout as profit plummets

(Alliance News) - Stocks in London are called to open lower on Thursday, with investors nervous ahead of Friday's US inflation print.

Read more
29 May 2024 19:29

UPDATE: Anglo American backs "clear pathway" after BHP ends pursuit

(Alliance News) - Anglo American PLC on Wednesday said it can "unlock significant value for its shareholders", as the miner goes at it alone after successfully fending off a takeover tilt from larger peer BHP Group Ltd.

Read more
29 May 2024 17:58

BHP walks away from $49 billion pursuit of mining rival Anglo

Anglo reiterates BHP offer difficult to execute, erodes value

*

Read more
29 May 2024 17:16

European shares suffer worst day in over 6 weeks as rate jitters persist

Royal mail owner IDS surges after agreeing to $4.6 bln takeover

*

Read more
29 May 2024 17:08

London stocks fall as rate cut jitters weigh, Anglo rejects BHP

FTSE 100 down 0.9%; FTSE 250 sheds 1.3%

*

Read more
29 May 2024 16:58

LONDON MARKET CLOSE: Stocks fall as US Treasury yields widen

(Alliance News) - Stock prices in Europe declined on Wednesday with markets nervy ahead of US data later this week, and as investors digest hawkish words from a US central banker.

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.