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Latest Financial News for AAUKF

[$$] Anglo American Boosts Profit and Cuts Debt Amid Turnaround
Posted on Thursday February 21, 2019

The London-listed diversified mining company’s net profit rose 12% to $3.55 in the year-ended Dec. 31. In 2015, as commodities prices plumbed to historic lows and the troubled Minas-Rio iron ore mega project in Brazil racked up debts, the company said it would shed tens of thousands of jobs around the world and sell off assets. A rise in those commodity prices and higher productivity at Anglo American has helped the company recover, with its share price up by almost a third since the start of 2018.

[$$] Anglo American Beats Forecasts With 12% Profit Rise
Posted on Thursday February 21, 2019

The diversified mining company said it made a profit of $3.56 billion in the year-ended Dec. 31 compared with $3.17 billion in 2017. A consensus estimate from 18 analysts compiled by FactSet forecast profit at $2.8 billion. Revenue for the year rose 5% to $27.61 billion, Anglo American said.

Anglo American core profit beats on higher prices, lower costs
Posted on Wednesday February 20, 2019

Anglo, which was among the miners hardest hit by the 2015-16 commodities price crash, has since made one of the strongest recoveries by shedding assets and improving its balance sheet. Average market prices for the company's basket of commodities and products rose 4 percent, boosting underlying core earnings by $900 million (690.61 million pounds), Anglo said. A 3 percent rise in metallurgical coal prices and a 14 percent rise in thermal coal prices bolstered results.

India's Vedanta says Anglo American stake buy meets governance requirements
Posted on Sunday February 03, 2019

(Reuters) - Indian miner Vedanta Ltd said on Monday that its foreign unit Cairn India Holdings Limited's ...

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