Significant platinum and diamond exposure makes Anglo American unique among global miners.
We maintain our GBX 1,120 per share fair value estimate for no-moat-rated Anglo American. Adjusted first-half 2018 net profit of USD 1.6 billion was 2% ahead of first-half 2017 but below our expectations. We've lowered our full-year 2018 earnings forecast by 14% to USD 2.66 per share as a result. Cost inflation continues to emerge. Adverse currency and inflation movements reduced first-half EBITDA by approximately USD 0.4 billion or 9%. The outage from the Minas Rio pipeline failure also detract...Anglo American is a global mining company with a portfolio of mining operations and undeveloped resources. Co. is focused on diamonds, copper, platinum group metals (PGMs), and bulk commodities and other minerals. Co.'s segments include: De Beers, which produces rough and polished diamonds; Copper, which produces copper; Platinum, which produces PGMs; Iron Ore and Manganese, which produces iron ore, manganese ore and alloys; Coal, which produces metallurgical coal and thermal coal; and Nickel, which produces nickel.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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