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  • Country: South Africa
  • Joined: Dec 15, 2017
  • Profile Views: 389
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  • OMB Rank: whitebelt
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Status #1388 Posted by Patricia 2017-12-15 21:43:05:
You have delivered better than anticipated interim results what have been the key drivers behind that?

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Reply by AngloAmerican 2017-12-15 21:43:43:
Well I like your comment about stronger than anticipated results but of course in our case we did expect to deliver these results the confidence of the management team in the first place and the strategy that we outlined have both been very important in delivering results on a par with our expectations which is certainly the most important thing so commitment to a strategy that has been well articulated

Status #1384 Posted by AngloAmerican 2017-12-15 21:04:37:


During a year of continued slow global economic
recovery and low commodity prices on average,
Anglo American executed significant cost and
productivity improvements, and in the second
half benefited from sharply increasing prices
for several of its products. This combination
enabled a remarkable sector-leading recovery
for Anglo American.

Source Annual Accounts

Read full accounts on AngloAmerican Website


Sir Thomas John Parker, GBE, FREng, HonFIES, HonFIET (born 8 April 1942) is a British businessman. He is currently Chairman of Anglo American PLC and Ombu Group, and a Director of Airbus and Carnival Corporation & plc. He is also past President of the Royal Academy of Engineering,[2] patron at the Centre for Process Innovation and a Visiting Fellow of the University of Oxford. Parker has chaired five FTSE 100 companies, including National Grid plc, from which he stood down in December 2011.

Read full profilesVisit on Wikipedia

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Reply by AngloAmerican 2017-12-15 21:13:41:
Since the start of the mining commodities crisis some
three years ago, Anglo American reduced operating assets by 26. Crucially though, we were determined not to sell assets below their inherent value not even during the dark days of late 2015 and early 2016, after the slump in mining stocks had accelerated, abetted by the aggressive 'shorting' actions of certain hedge funds, which at one stage accounted for about 20% of our share register.
Reply by Patricia 2017-12-15 21:15:44:
Accordingly, in the first six months of the year, the only major
asset we agreed to sell was our niobium and phosphates
business in Brazil, for which we received $1.5 billion well
above market expectations.
Reply by Patricia 2017-12-15 21:20:15:
Read the article

Read Full Article Here..


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