AngloAmerican Plc : Focus on the Bulks division: the group’s cash machine
>The Bulks business is the group’s cash machine - AngloAmerican (AA) organised a CMD in Australia devoted to its Bulks division ($ 3.4bn of EBITDA in H1 2019), i.e. around 60% of the group’s EBITDA and FCF. The CEO, Seamus French, provided an update on the effort to transform the division's portfolio, which includes the iron ore businesses; Kumba ($ 1.4bn, i.e. 40% of divisional EBITDA in H1 2019) and Minas Rio ($ 670m, i.e. 20% of EBITDA), metallurgical coal ($ 906m,...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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