AngloAmerican Plc : Major progress on operating front, less so on asset sales
>Progress on costs and cash flow in H1, copper as a support - After announcing on 18 July robust Q2 production figures, Anglo reported on the 25 H1 earnings showing clear progress marked by good cost control and a sharply higher cash flow. We found the performance from the main Copper division particularly convincing thanks to high production (despite generally unfavourable mining sequences) and initial proceeds from cost reduction plans. Los Bronces and El Soldado, ...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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