The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen 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: 2,620.00
Bid: 2,620.50
Ask: 2,622.50
Change: 0.50 (0.02%)
Spread: 2.00 (0.076%)
Open: 2,648.00
High: 2,649.50
Low: 2,610.00
Prev. Close: 2,619.50
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
25 Apr 2024 13:19

Anglo shareholder LGIM says BHP approach "unattractive"

LONDON, April 25 (Reuters) - Legal & General Investment Management, one of the 20 largest shareholders in Anglo American said an approach by BHP Group is "highly opportunistic" and "unattractive".

Read more
25 Apr 2024 11:50

LONDON MARKET MIDDAY: FTSE 100 hits high on offer for Anglo American

(Alliance News) - The FTSE 100 was outperforming European markets at midday on Thursday, with the index boosted to a record high thanks to takeover talks.

Read more
25 Apr 2024 09:56

Stocks and yen struggle as tech troubles weigh

Stocks struggle after Meta afterhours swoon

*

Read more
25 Apr 2024 09:30

CORRECT: BHP confirms GBP31 billion takeover offer for Anglo American

(Correcting BHP's price quote in Sydney was from Wednesday.)

Read more
25 Apr 2024 09:12

LONDON MARKET OPEN: Anglo American jumps on takeover bid from BHP

(Alliance News) - Stock prices in London opened mixed on Thursday, as investors cautiously eye data on the health of the US economy.

Read more
25 Apr 2024 09:00

TOP NEWS: BHP confirms GBP31 billion takeover offer for Anglo American

(Alliance News) - BHP Group Ltd on Thursday confirmed it has offered to buy mining peer Anglo American PLC in an all-share deal valuing the London-based miner at GBP31.1 billion.

Read more
25 Apr 2024 08:11

Anglo American shares surge 13% after BHP buyout offer

LONDON, April 25 (Reuters) - Shares in Anglo American soared over 13% shortly after the open on Thursday, after the London-listed miner said it has received a buyout offer from the world's largest listed miner, BHP Group.

Read more
25 Apr 2024 07:56

REPEAT: Miner Anglo American reviews takeover bid from rival BHP

(Alliance News) - Stocks in London are called to open slightly higher, after a busy start to the day, with corporate earnings and updates.

Read more
25 Apr 2024 07:43

LONDON BRIEFING: Miner Anglo American eyes rival BHP takeover

(Alliance News) - Stocks in London are called to open slightly higher, after a busy start to the day, with corporate earnings and updates.

Read more
25 Apr 2024 06:39

Anglo American confirms takeover proposal from BHP

(Sharecast News) - Anglo American surged on Thursday after it received an unsolicited non-binding and highly conditional £31.1bn all-share takeover proposal from Australia's BHP Group - a deal that would create the world's largest miner and copper producer.

Read more
25 Apr 2024 02:47

TOP NEWS: Australia's BHP launches bid to acquire rival Anglo American

(Alliance News) - British mining heavyweight Anglo American PLC confirmed Thursday it was "reviewing" a takeover bid from its larger Australian rival BHP Group Ltd, in what would rank as one of the sector's biggest deals in years.

Read more
24 Apr 2024 17:06

CORRECT: No record close for FTSE 100; mixed trade in US

(Correcting day of the week in the opening sentence.)

Read more
24 Apr 2024 17:00

LONDON MARKET CLOSE: No record close for FTSE 100; mixed trade in US

(Alliance News) - Stock prices in London closed lower on Thursday, with the FTSE 100's recent rally taking a pause for breath, but not after hitting another record high.

Read more
24 Apr 2024 15:09

London close: Stocks finish weaker after earlier gains

(Sharecast News) - London markets closed the day weaker on Wednesday, reversing earlier gains as Wall Street stocks opened lower, although mining stocks remained above the waterline.

Read more
23 Apr 2024 16:55

LONDON MARKET CLOSE: FTSE 100 gains pared after hitting record high

(Alliance News) - European equities ended higher on Tuesday, with the FTSE 100 hitting its best level, before succumbing to some selling pressure in afternoon dealings.

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.