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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: 2,625.00
Bid: 2,618.00
Ask: 2,619.00
Change: 5.50 (0.21%)
Spread: 1.00 (0.038%)
Open: 2,648.00
High: 2,649.50
Low: 2,589.00
Prev. Close: 2,619.50
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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
23 Apr 2024 15:19

Europe close: Stocks rise as investors digest PMI data

(Sharecast News) - European markets closed above the waterline on Tuesday, propelled by positive survey data from the eurozone that bolstered investor sentiment.

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23 Apr 2024 14:29

UK shareholder meetings calendar - next 7 days

Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Thursday 25 April 
AFC Energy PLCAGM
Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
Hikma Pharmaceuticals PLCAGM
International Biotechnology Trust PLCAGM
London Stock Exchange Group PLCAGM
Manx Financial Group PLCAGM
Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
Persimmon PLCAGM
Premier Miton Global Renewables Trust PLCAGM
Relx PLCAGM
Schroders PLCAGM
Smithson Investment Trust PLCAGM
Tissue Regenix Group PLCAGM
Weir Group PLCAGM
Friday 26 April 
Bellevue Healthcare Trust PLC AGM
Kingspan Group PLCAGM
Me Group International PLCAGM
Pearson PLCAGM
Senior PLCAGM
Smurfit Kappa Group PLCAGM
Monday 29 April 
Goldstone Resources LtdAGM
Hydrogen Future Industries PLCAGM
JPMorgan Claverhouse Investment Trust PLCAGM
KR1 PLCEGM re buying up to 15% of shares in issue
Ocado Group PLCAGM
Secured Property Developments PLCGM re name change to Mollyroe PLC
Symphony International Holdings LtdAGM
Tuesday 30 April 
Amigo Holdings PLCGM re capital raise
Anglo American PLCAGM
BBGI Global Infrastructure SAAGM
CVC Income & Growth LtdAGM
Elementis PLCAGM
Minoan Group PLCAGM
Pebble Group PLCAGM
Robert Walters PLCAGM
Rotork PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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23 Apr 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 pushes to new high; AB Foods surges

(Alliance News) - The FTSE 100 hit another intraday high on Tuesday, driven by data providing some "fresh optimism" about the UK economy.

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23 Apr 2024 09:49

TOP NEWS: Anglo American copper output up year-on-year, diamond slumps

(Alliance News) - Anglo American PLC said on Tuesday it was "pleased" with its production performance in the first three months of 2024, largely maintaining full-year guidance but cutting its output target for diamond operations.

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23 Apr 2024 08:20

Anglo American boosts copper output, slashes diamonds forecast

LONDON, April 23 (Reuters) - Anglo American on Tuesday reported an 11% increase in its copper output for the first quarter of the year, but slashed its 2024 production guidance for diamonds.

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23 Apr 2024 08:03

Kumba quarterly sales fall 10% as port challenges curb exports

April 23 (Reuters) - Kumba Iron Ore on Tuesday reported a 10% fall in first quarter sales due to port equipment challenges, as South Africa's logistical problems continue to throttle commodity exports.

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23 Apr 2024 07:14

Copper production rises but diamond output falls at Anglo American

(Sharecast News) - Anglo American reported relatively flat group production in the first quarter on Tuesday as rising copper production was offset by sliding diamond output.

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22 Apr 2024 09:07

IN BRIEF: Anglo American says Kabwe claimants granted right to appeal

Anglo American PLC - London-based mining company - Says High Court of South Africa on Friday granted claimants the right to appeal against its prior judgement in favour of Anglo American South Africa Ltd. Judgement in mid-December dismissed what the company calls a "misconceived" class action certification application by law firms on behalf of residents of Kabwe, Zambia. According to Human Rights Watch, zinc and lead mined at Kabwe from 1904 to 1994 produced extremely high toxic lead levels which continue to affect the health of local residents.

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22 Apr 2024 08:29

Anglo American to oppose any Kabwe claim appeal

(Sharecast News) - Anglo American said in an update on Monday that it would oppose any appeal related to the Kabwe claim, which it considers "misconceived".

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17 Apr 2024 16:57

LONDON MARKET CLOSE: FTSE 100 shrugs off UK inflation, hawkish US Fed

(Alliance News) - Stock prices in London closed largely up on Wednesday, despite hotter-than-expected UK inflation data and more hawkish words from the US Federal Reserve.

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17 Apr 2024 16:34

London close: Stocks mixed as bargain hunters pick over FTSE 100

(Sharecast News) - London stocks showed a mixed performance by the close on Wednesday, with the top-flight index in the green as investors hunted for bargains after its four-week low on Tuesday.

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17 Apr 2024 12:05

LONDON MARKET MIDDAY: Stocks rediscover poise after UK inflation data

(Alliance News) - Stock prices in London were higher on Wednesday, shaking off a hotter-than-expected UK consumer price index reading, and a warning from Federal Reserve Chair Jerome Powell on the fight to contain inflation in the US.

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17 Apr 2024 09:33

LONDON BROKER RATINGS: BofA cuts Ashmore; JPMorgan lifts Fresnillo

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

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17 Apr 2024 08:53

LONDON MARKET OPEN: Stocks mixed as UK data douses BoE cut hope

(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 underperforming European peers, with a hotter than expected UK inflation reading lifting the pound.

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17 Apr 2024 07:44

TOP NEWS: Anglo American rough diamond sales deliver further uptick

(Alliance News) - Anglo American PLC on Wednesday said the latest rough diamond sales by De Beers were up against the second sales round of 2024, but they remained below a year before, as dealers stayed cautious.

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