AngloAmerican Plc : Convincing Woodsmith feedback and more favourable earnings sequence as of 2024, we upgrade our rating to Neutral
>A huge project but convincing execution - Last week we took part in the Woodsmith site visit in England organised by Anglo American. The group acquired this polyhalite natural fertiliser mining project in 2020 and has since invested $ 1.7bn in its development (on top of the $ 1.1bn spent from the beginning by Sirius the previous owner). Polyhalite could in the long run represent EBITDA of over $ 1.5bn, i.e. more than 15% of the group total, but it is raising sceptici...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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