DIRECTOR'S DEALS: Anglo American boss Mark Cutifani gets £3.3m 2020/05/08 20:50:54 This is Money
Cutifani will be given the 226,879 shares in 2025 if he and the firm hit targets. The Australian, 61, has led the FTSE 100-listed miner, which bought Sirius Minerals this year, since 2013.
Latin America mining industry is expected to be the most heavily impacted industrial sector due to country risk after COVID-19 2020/05/08 08:46:49 IHS Markit
The impact of COVID-19 is being felt across all sectors: in obvious ways for sectors like tourism and retail, and less direct but no less material ways for sectors like mining. When we ran an interim update factoring in the effects of COVID-19 through our Country Risk Investment Model, which looks at the impact of country risk on energy and commodity sectors in financial terms, a few interesting trends came to light. The impact of COVID-19 It is no surprise that almost all sectors saw greater projected losses due to country risk. This is particularly true due to the expectation of recessions globally, and the rise in risk of strikes and protests. However, the sectors seeing the largest increase in average Country Risk Premiums (CRP) globally were the Hydro Power, Automotive, and Gas Onshore sectors - 0.24%, 0.19% and 0.10% average rise in the CRP, as compared to an overall average of 0.08% across the ten sectors in our model. These sectors also saw the largest average increase in NPV loss as compared to the base case excluding country risk - 1.58%, 1.84%, and 1.42% as compared to a 1.05% average.
Anglo American to exit coal business in South Africa 2020/05/07 13:43:39 The Star
Anglo has already dramatically reduced the amount of thermal coal it mines in recent years, cutting output by more than half. It now has two remaining businesses in South Africa and Colombia.
Fin24.com | Anglo American set to exit coal mining in SA 2020/05/07 12:17:34 Fin24
Mining giant Anglo American plans to exit coal mining in South Africa, in a major shift away from carbon-intense operations.
Anglo American considers spinning off South African coal operations 2020/05/07 09:37:13 Reuters Africa
Diversified miner Anglo American said on Thursday it prefers unbundling and listing its thermal coal operations in South Africa in the next two to three years over other options for exiting the business.