Report

AngloAmerican Plc : Strong growth still on the cards. Cost and capex inflation confirmed but it looks manageable. Outperform rating confirmed

>Strength of H2 2021 operating performances confirmed - In the context of Anglo American's (AA) investor update, its CEO, Mark Cutifani, said he was satisfied with the group's performance in 2021 despite Covid. He is confident in the outlook for De Beers (6% of EBITDA 2021e) thanks to healthy demand, strong pricing (+23% y-o-y) and a good performance on the cost front. The copper division (19% of EBITDA) is showing a solid trend despite water shortages, notably at the...
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Anglo American plc

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.

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Oddo BHF
Oddo BHF

​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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