Anglo American PLC (AAL)

[idpickering]

AGM 2023 - Address to Shareholders.

https://www.investegate.co.uk/anglo-ame ... 00015759X/

Ian (No holding).

[idpickering]

De Beers and Botswana agree on sales agreement.

Anglo American plc ("Anglo American") announces that De Beers Group ("De Beers") and the Government of the Republic of Botswana ("the Government of Botswana") have reached an agreement in principle on a new 10-year sales agreement for Debswana's rough diamond production (through to 2033) and a 25-year extension of the Debswana mining licences (through to 2054).

Debswana operates four diamond mines in Botswana and is a 50:50 joint venture between De Beers and the Government of Botswana.

De Beers and the Government of Botswana will work together to progress and implement the formal new sales agreement and mining licences. In the interim, the terms of the most recent sales agreement (which expired on 30 June) will remain in place.

A new sales agreement between De Beers and the Government of Botswana constitutes a related party transaction under the UK Listing Rules, given that both Anglo American and the Government of Botswana are shareholders in De Beers, and therefore will be subject to approval by Anglo American's shareholders in due course.

https://www.investegate.co.uk/announcem ... t-/7608318

Ian (No holding).

[idpickering]

De Beers rough diamond sales cycle 7, 2023.

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers' seventh sales cycle of 2023, amounting to $370 million.

https://www.investegate.co.uk/announcem ... 23/7723822

Ian (no holding).

[idpickering]

Dividend Declaration: Sterling and Euro Rates.

Interim Dividend of 55 US cents per ordinary share

(Dividend no 43)

Amounts per ordinary share in Sterling and Euros - CORRECTION

The announcement of 8 September 2023 of the Sterling and Euro equivalent rates for payment of the Interim 2023 dividend (the "Interim Dividend"), misstated the equivalent Euro cents per share rate. It should have stated the rate is 51.199 Euro cents per share as outlined in the amended announcement below. All other details remain unchanged.

Interim Dividend of 55 US cents per ordinary share

(Dividend no 43)

Amounts per ordinary share in Sterling and Euros

Further to the announcement of 27 July 2023 of an interim dividend of 55 US cents per ordinary share, the equivalent of the dividend detailed above in Sterling is 43.830 pence per share and in Euros is 51.199 Euro cents per share based on exchange rates of US$1=£0.7969 and US$1=€0.9309.

The payment date of the dividend is Tuesday, 26 September 2023.

https://www.investegate.co.uk/announcem ... s-/7772126

Ian (No holding).

[idpickering]

Anglo American performance update.

8 December 2023

Anglo American unlocks value through operational, cost and capital discipline

Anglo American plc ("Anglo American") is today providing an update on its performance during 2023 and setting out capital expenditure and production guidance for the next three financial years.

Duncan Wanblad, Chief Executive of Anglo American, said: "The prospects for mined products have rarely looked better. In the near term, given continuing elevated macro volatility, we are being deliberate in reducing our costs and prioritising our capital to drive more profitable production on a sustainable basis. We are focused on what we can control - safety, operational discipline and capital allocation. We are confident in our actions to sustain the competitiveness of our world class assets and deliver on our outstanding growth opportunities in the metals and minerals that are so critical now and for generations to come.

"We are building a platform for strengthened and sustainable operational and financial performance. We took early action in 2023 to increase business resilience in the face of ongoing economic and geopolitical volatility and the current cyclical weakness in PGMs and diamonds. As a result, we have already gone a long way towards reducing our business support costs by $0.5 billion by mid-2024, with an additional $0.5 billion in annual cost efficiencies identified across our global businesses that we expect to deliver in 2024.

https://www.investegate.co.uk/announcem ... te/7929720

Ian.

[idpickering]

Anglo American rough diamond sales value for De Beers' tenth sales cycle of 2023

Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auctions) for De Beers' tenth sales cycle of 2023, amounting to $130 million.

https://www.investegate.co.uk/announcem ... 23/7952602

Ian.

[idpickering]

Provisional 2024 Dividend Timetable

https://www.investegate.co.uk/announcem ... le/7959210

Ian (No holding).

[idpickering]

Anglo American and Finnish Minerals Group sign MOU

Anglo American and Finnish Minerals Group have signed a memorandum of understanding ("MOU") to work together to explore opportunities to further support Finland's battery strategy. Finnish Minerals Group is a holding and development company that manages the Finnish Government's mining industry shareholdings and supports the development of the Finnish battery value chain.

https://www.investegate.co.uk/announcem ... ou/8032732

Ian.

[idpickering]

Anglo American Production Report Q1 2024.

Duncan Wanblad, Chief Executive of Anglo American, said: "We were pleased with the performance in the first quarter, with copper production increasing by 11% as Quellaveco achieved its highest plant throughput rate, while Collahuasi and El Soldado in Chile benefitted from higher grades. Steelmaking coal production also increased by 7%, due to the performance at the Aquila longwall and Capcoal open cut operations. De Beers implemented changes to lower its diamond production for the year by c.3 million carats which, combined with lower production from our PGMs operations, resulted in flat(1) production overall for the Group compared to the same period of last year.

"We are driving operational excellence across our assets, focusing on stability and effective cost management as levers to deliver significant value through the cycle. We are progressing through our asset review to optimise value by simplifying and improving the overall quality of the portfolio. With copper now representing 30% of our total production, and having the benefit of several well-sequenced and value-accretive copper growth options within our portfolio over the medium-term, we are also setting up the business to deliver and grow into the major demand themes."

https://www.investegate.co.uk/announcem ... 24/8150720

Ian (No holding).

[idpickering]

BHP eyes takeover of $52b rival Anglo American.

Mining giant BHP has approached its rival Anglo American about buying the 107-year-old mining company in what could rank as this year’s biggest deal.

London-listed Anglo American said this morning it received an unsolicited all-share merger proposal from the world’s biggest miner, confirming media reports about a potential bid.

Anglo’s board is reviewing the proposal and cautioned that there is no certainty a binding offer will be made. BHP’s proposal was conditional on Anglo first splitting off its South African platinum and iron ore units, the statement said.

https://www.smh.com.au/business/compani ... 5fmfg.html

Ian (No holding in either company).

[idpickering]

Statement re Possible Offer for Anglo American

The Board of Anglo American notes the recent press speculation and confirms that it is has received an unsolicited, non-binding and highly conditional combination proposal from BHP Group Limited ("BHP").

The proposal comprises an all-share offer for Anglo American by BHP and would be preceded by separate demergers by Anglo American of its entire shareholdings in Anglo American Platinum Limited and Kumba Iron Ore Limited to Anglo American shareholders. The two parts of the proposal would be inter-conditional.

The Board is currently reviewing this proposal with its advisers.

https://www.investegate.co.uk/announcem ... an/8155541

Ian.

[idpickering]

Rejection of BHP Proposal

Further to the announcement by Anglo American plc ("Anglo American") on 24 April, the Board of Anglo American (the "Board") provides an update regarding the unsolicited, non-binding and highly conditional combination proposal from BHP Group Limited ("BHP") (the "Proposal").

The Proposal comprised an all-share offer for Anglo American by BHP, with a requirement for Anglo American to complete two separate demergers of its entire shareholdings in Anglo American Platinum Limited and Kumba Iron Ore Limited to Anglo American shareholders. The all-share offer and required demergers would be inter-conditional.

The Board has considered the Proposal with its advisers and concluded that the Proposal significantly undervalues Anglo American and its future prospects.

In addition, the Proposal contemplates a structure which the Board believes is highly unattractive for Anglo American's shareholders, given the uncertainty and complexity inherent in the Proposal, and significant execution risks.

The Board has therefore unanimously rejected the Proposal.

https://www.investegate.co.uk/announcem ... al/8158403

Ian.

[TheMotorcycleBoy]

Seems as if more fish are biting:-

https://www.reuters.com/markets/deals/a ... 024-04-26/

All good for the SP.

Matt