AngloAmerican Plc : Q3 operating performance validates the group’s progress
>A decent operating performance in Q3 2019 - Production at Anglo American (AA) rose by 4% on a copper equivalent basis in Q3 2019. This is the strongest growth in our coverage. Management seems to be on track to achieve its production targets for the year, with revised up guidance for Minas-Rio (20-22 Mt vs 19-21 Mt). The group is expected to meet its production target for thermal coal but at the lower end of the range of 630-650Kt for copper (ODDO-BHF: 634Kt) due not...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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