AngloAmerican Plc : Management is proactive in dealing with the crisis. Buy rating maintained
>Revision to production guidance: limited damage - AngloAmerican (AA) reported Q1 2020 production down 4% in copper equivalent, due in large part to the metallurgical coal division (longwall move at Grosvenor) and the initial effects of the lockdown implemented nationwide in South Africa (since 26 March) to help stem the spread of COVID-19. Based on the extension to the lockdown period (until 3 May), management has adjusted its guidance for production at Kumba (iron o...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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