South African Stocks: Anglo and Billiton
Bloomberg reported the FTSE/JSE Africa All Share Index closed at its highest since July 27, advancing 613.10, or 2 percent.
Bloomberg reported the FTSE/JSE Africa All Share Index closed at its highest since July 27, advancing 613.10, or 2 percent.
Bloomberg reported the FTSE/JSE Africa All Share Index declined 295.56, or 1 percent, to 30,834.39.
Bloomberg reports Oasis Group Holdings Ltd says South Africa’s smaller mining stocks may outperform larger rivals as industry costs rise.
Bloomberg reports Anglo American Platinum Ltd. (LON:AAL,PINK:AAUKY) said it sees “multiple” deep-shaft opportunities within the next 10- to-20 years in South Africa.
Bloomberg reports some metals companies' stocks have seen significant changes today.
Bloomberg reports that Anglo American Plc (LON:AAL,PINK:AAUKY) posted declines in output of copper, coal and iron-ore in the first quarter as heavy rain hindered expansion plans.
Bloomberg Businessweek reports that Impala’s Platinum Holdings Ltd.’s (PINK:IMPUY) business growth efforts are being hampered by ‘“unrealistic expectations about value.” The story is quoted as saying: “It was a disappointment that we couldn’t get Anglo over the line,” he said in Johannesburg. Even junior mine operators with attractive resources “have unrealistic expectations” about the value of their [...]
Anglo American plc declared that it has released its interim financial report and updates on its key projects. For full story, click here
Anglo Platinum, the world’s largest platinum producer, and its parent company Anglo American declared plans on implementing a second wave of retrenchments. For full story, click here
Anglo Platinum’s plan to add enough flexibility to its operations to be able to supply an extra 500000oz of platinum to the market if demand picks up will add an element of uncertainty to price forecasts. For full story, click here
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