AngloAmerican Plc : The confirmation of the guidance ratifies a strong recovery in earnings in H2 2020
>Q2 2020 bears the scars of COVID-19 but more besides… - AngloAmerican (AA) reported Q2 2020 production down 18% in copper equivalent terms (vs -4% in Q1). The good performance of: 1/ Minas Rio (+5%, iron ore in Brazil); and 2/ Collahuasi (+38%, copper in Chile) failed to offset 3/ the impact of two incidents that affected the metallurgical coal division (-32%) in Morambah and Grosvenor and longwall moves. AA was also affected by 4/ the COVID-19 lockdown measures impo...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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