AngloAmerican Plc : FY 2023 results slightly ahead of expectations, Vale partnership interesting but brings limited cash-in
>FY 2023 slightly ahead of estimates - Anglo American’s FY results came in slightly ahead of expectations with underlying EBITDA at $10.0bn bang in line with consensus and 1% ahead of our forecast. The beat was driven by Iron Ore and PGM whose results had already been partly released earlier this week. In contrast, Copper was underwhelming due to Los Bronces and De Beers was very weak. EBITDA is still down 31% vs 2022 essentially due to much lower prices (particularly...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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