Anglo American PLC
AAL: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 7,224.00 | Wttd | Wzxysjgyx |
Anglo American Earnings: Copper and Iron Ore the Main Drivers Consistent With Its Restructure
Despite a fire at its underground Grosvenor mine in Queensland late in the first half of 2024, no-moat Anglo American will proceed with the proposed sale of its metallurgical coal business. This is part of its restructure to focus on copper, iron ore, and its nascent crop nutrients divisions while selling or spinning off its other businesses. Anglo lowered 2024 metallurgical coal production guidance while also guiding to higher unit cash costs, and we assume Grosvenor remains on care and maintenance for two years before restarting.